Monthly Market Wrap: Trump’s win and Wall St’s rallies help STI set fresh 17-year highs
December 2, 2024The STI rallied 181 points or 5.1% in Nov to 3,739.29 It reached a closing 17-year high of 3,757.97 on 19 Nov Trump’s US presidential win provided support via Wall St’s rallies ...
Read MoreHolding steady above 3,700 as Wall St enjoyed support from Nvidia’s Q3 earnings
November 25, 2024The Straits Times Index added 2 points at 3,746.02 Caution early in the week following Putin’s nuclear move US Treasuries enjoyed a flight to safety Nvidia’s strong Q3 earnings helped push Wall...
Read MoreBanks continued to power the STI; broad market lagged behind
November 18, 2024Gains of 1.3-2.3% in the banks pushed the STI up 0.5% to 3,744.7 Broad market did not follow – more falls than rises every day US Fed announced it’s in no hurry...
Read MoreBank earnings and Trump win send STI up 4.8% to 3,724.37
November 11, 2024The STI jumped to a 17-year high, up 4.8% at 3,724.37 Gains here were not broad-based and came mainly from the banks UOB led the way with 11.1% jump, DBS rose 9.4%...
Read MoreWall St fell ahead of US elections, STI also weaker, down 1.05%
November 4, 2024The STI fell 1.05% to 3,555.43 as Wall St faltered Latest US economic data sent mixed signals, all 3 US indices lose ground Big week ahead – US presidential elections, FOMC meeting ...
Read MoreMonthly Market Wrap: Flirting with the 3,600 level
November 1, 2024With no real direction from overseas, stocks traded sideways for Oct The STI was stuck in a narrow band 3,573-3,640 For the month, the index fell 0.8% to 3,558.88 Conflict in Middle...
Read MoreA spike up in US Treasury yields capped Wall St’s gains, STI lost the 3,600 mark
October 28, 2024A sudden rise in US bond yields rocked Wall St The Dow Jones Industrial Average fell all five trading days The STI lost 47 points or 1.3% at 3,593.41 Futures market still...
Read MoreBanks and Singtel push STI above 3,600 after two mid-week attempts
October 21, 2024Third time successful for STI as it rose 1.9% to 3,640.19 The gain was mainly thanks to the banks and Singtel On Wall St, tech stocks took a mid-week beating but Dow...
Read MoreAn uncertain Wall St early in the week meant the STI lost 0.4% at 3,573.76
October 14, 2024The STI tried twice to rise above 3,600 during the week Mid-week weakness on Wall St meant the STI closed 0.4% lower Bank earnings on Friday helped lift the Dow and S&P...
Read MoreMarkets remain resilient in face of rising Middle East tensions
October 7, 2024Iran’s attack on Israel caused a mid-week wobble on Wall St Despite oil prices shooting up, US stocks and bonds stabilised The STI eventually closed with a 0.4% rise to 3,589.13 All...
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