Market Updates

Powell’s comments help lift stocks

The STI and volume benefited from month-end “portfolio rebalancing’’ with the index rising 0.4% to 3,259.14 Comments by Us Fed chair Jerome Powell helped ease interest rate worries Probability that Dec’s rate hike...

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Monthly wrap for November 2022: The STI rose 6.4% in November, driven by earnings and hopes of a slowdown in US rate hikes

Good earnings and hopes of a slowdown in rate hikes helped the STI rise 197 points or 6.4% to 3,290.49 Singapore’s market cap rose 5% in Nov to S$830.5b The STI’s market cap...

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Encouraging Fed minutes had little effect, STI down 0.86%

The STI fell 28 points in low volume to 3,244.55 despite seemingly positive Fed minutes On closer look at the minutes, some interest rate concerns remain Market now betting on 50-points rate hike...

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Stocks hold firm despite Fed hawkishness

The Straits Times Index gained 1.4% over the week at 3,272.23 The rise came despite hawkish comments by US Fed officials Wall St rose marginally, thus providing support for sentiment here US bond...

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Hopes that US inflation is moderating helped STI surge 3.1% past 3,200

Early Trading was driven by US mid-term elections, FTX bankruptcy On Thursday, Wall St posted huge rally on cooler inflation data US bonds also rallied, yields down sharply though curve remained inverted The...

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Despite disappointment that the Fed didn’t pivot, STI still managed 2.3% rise

The US Federal Reserve threw cold water on hopes that it would shift to more accommodative stance soon Despite the disappointment, the STI still managed a 2.3% rise thanks to strong bank earnings ...

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Monthly wrap for October 2022: STI down 1.2% for the month, all eyes on this week’s FOMC

The STI fell below 3,000 but regained it in the final week The STI’s loss for the month was 37 points or 1.2% at 3,093.11 The late bounce, mainly courtesy of the banks,...

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Earnings in focus as interest rate concerns take a back seat – for now

The STI rose 90 points or 3% to regain the 3,000 mark at 3,059.19 Banks drove most of the gains on expectations of record Q3 profits Wall Street focused more on earnings than...

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Interest rate worries sent STI to a 20-month low, below 3,000

Positive UK developments helped provide support early in week Bond yields remained high, STI caved in on Friday Loss for the week was 2.3%, STI below 3,000 at 20-month low US stocks and...

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STI down 3.4% ending at a 19-month low below 3,100

Continued interest rate worries cut 3.37% off STI, which closed at a 19-month low of 3,039.61 Singapore tech manufacturers hit by chip slowdown, US sanctions No sign of let-up in US rate hikes...

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