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 Mapletree REITs. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:33 – Macro Update
The Straits Times Index (STI) extended its winning streak to four weeks, rising 0.3% to touch a new all-time high of 4,933 points before closing around 4,908, defying volatility in the US where the S&P 500 rose marginally by 0.3% and the Nasdaq dipped 0.2% affected by US big tech earnings.The Federal Reserve kept interest rates unchanged, but market attention shifted to the nomination of former Fed governor Kevin Warsh as the next Fed Chair, sparking expectations of a stronger US Dollar and a firmer stance on inflation.US 10-year Treasury yields remained elevated at 4.24%. Meanwhile, precious…
