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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 Keppel REIT. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
Macro Update
- Global equity markets delivered mixed performances, with the S&P 500 declining 0.6% and the NASDAQ falling 1.6%, dragged down by weakness in technology stocks following concerns over AI spending after Oracle’s earnings miss.
- In contrast, Singapore equities outperformed, with the STI gaining 1.2% to reclaim the 4,600 level, supported mainly by Jardine-related stocks and selective blue-chip strength.
- The US Federal Reserve delivered a 25 basis point rate cut as expected, marking its third consecutive cut, after resuming easing in the second half of 2025 following a pause earlier in the year.
- The Fed’s 2026 dot plot suggests only one additional rate cut next year, signalling a more cautious stance compared to market expectations, which still price in two potential cuts based on CME FedWatch data.
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