SINGAPORE equities began Thursday (Jan 16) in positive territory, tracking gains in global markets. Read more at The Business Times.
SINGAPORE shares finished lower on Thursday (Jan 9), after US Federal Reserve minutes showed that officers expect slower rate cuts in 2025. Read more at The Business Times.
The Fed may be more likely to hold than to cut US interest rates, and this shift in stance may help maintain margins.
A recent sell-off in United States bonds, driven by rising fiscal risks, persistently high inflation and slower-than-expected rate cuts, has pushed US Treasury yields to their highest levels since the pandemic.
The outcome here left the Straits Times Index (STI) down a chunky 1.6 per cent or 61.04 points to 3,801.56, with the banks taking a major hit. Losers outnumbered gainers 346 to 192 on trade of 898.6 million securities worth $1.2 billion.
According to the latest Investment Managers’ Outlook Survey by the Investment Management Association of Singapore (IMAS), published by the Singapore Business Review, over half (56%) of fund managers are bracing for the potential impact of geopolitical instability on global financial markets and the broader economy.
The Singapore dollar was steady against its U.S. counterpart in the Asian session and could be supported by Fed rate-cut hopes.
SINGAPORE: Stocks rose on Thursday and the dollar softened as easing core U.S. inflation kept potential rate cuts by the Federal Reserve on the table, while the yen hit a one-month high on growing expectations the Bank of Japan could raise rates next week.
By Ankur Banerjee and Sinéad Carew SINGAPORE/NEW YORK (Reuters) -Asian shares tracked Wall Street higher on Thursday and the dollar was soft as easing core U.S. inflation kept potential rate cuts by
EUROPEAN shares closed over 1 per cent higher on Wednesday after an in-line inflation reading in the US raised the chances of a second rate cut by the Federal Reserve this year. Read more at The Business Times.
The dollar fell against a basket of currencies after CPI data showed December inflation was in line with expectations.
SINGAPORE shares were in the red on Tuesday (Jan 14), amid a mixed regional showing. Read more at The Business Times.