What happened?
In this week’s Weekly Market Review in partnership with Securities Investors Association Singapore (SIAS), we discuss key developments in the global equity market alongside iFast and PropNex. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:33 – Macro Update
All major US indices gained more than 1% last week, with the Nasdaq leading on strength in AI-related stocks after Oracle raised its guidance. The S&P 500 climbed 1.6% to 6,584 points, while Singapore’s STI rose nearly 1% to a new record high of 4,344 points.US Core CPI increased 3.1% year-on-year, in line with expectations but showing slight acceleration compared to earlier months. The steady reading reinforced confidence that the Federal Reserve will deliver a rate cut at its upcoming meeting.Market expectations point to almost certain easing, with around 90% of investors pricing in a 25 bps…
