Market Updates

US rate fears continue to weigh on markets

The Straits Times Index lost 1% at 3,328.37. Uncertainty over direction of US interest rates were main cause. Latest US CPI figures and comments by Fed officials spooked Wall St. US Treasury...

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STI drops 0.7%, markets unsure of where US interest rates are headed

Ambiguous Fed statements are confusing markets. With US Treasury bond yields rising, all 3 Wall St indices closed lower for the week. The STI reflected this uncertainty, dropping 0.7% to 3,360.69. All...

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The STI fell 0.3% in choppy week as traders kept an eye on US FOMC meeting

The US Federal Reserve delivered the expected 25-basis points rate hike Despite Fed warnings and a strong January jobs report, Wall St closed mainly higher but the STI fell 0.3% to 3,384.29 Banks...

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Monthly wrap for January 2023: “As goes January, so goes the year”?

The STI rose 3.5% in January to close at 3,365.67. All three Wall Street indices posted strong gains in January. Hopes of a dovish Fed have underpinned the rises; all eyes on Wednesday’s...

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STI posted its best week of the year, up 3.06% despite weak economic data

Pent-up demand after Lunar New Year sent the STI up 3.06% Also helping was a firm Wall St which shook off recession worries Singapore’s Dec manufacturing output shrank 3.1% Probability of a 25-basis...

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Ahead of Lunar New Year, the STI ends the week flat

The STI fell 0.04 of a point to 3,293.71, average daily volume was S$1.01b Wall St came under pressure after hawkish Fed comments; support came from tech stocks SATS shareholders voted in favour...

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Benign US inflation data helped fuel STI’s continued rise

The STI managed a second week of gains in 2023, up 0.5% at 3,293.75 Helping fuel the rise was benign US inflation data Wall St rose, with Nasdaq up six days in a...

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STI rose 0.76% in first week of 2023

The STI kicked off the year with a 0.76% rise in the first week The gain came despite hawkish Fed minutes Wall St plunged on Thursday but rallied on Friday after Dec jobs...

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Monthly wrap for December 2022: A 1.18% loss for the STI – but still a gain of 4.09% for the year

December’s main focus was the US FOMC which yielded a 50-pts rate hike The accompanying statement was not dovish, so stocks came under pressure The STI fell 1.18% for the month, but still...

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No Santa Claus rally in sight yet

The Straits Times Index gained 17 points or 0.5% at 3,257.70 Daily trading volume was low, averaging S$735m No year-end or “Santa Claus’’ rally in sight yet Wall Street provided no direction, economic...

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