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 and also share more about OCBC and ST Engineering. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:52 – Macro Update
Global markets saw declines last week, with the S&P 500 down 2.6%, NASDAQ dropping 3.5%, and the STI pulling back 0.9% to below 3,900.The weakness was driven by falling consumer confidence and retail sales in the U.S., with the Conference Board Consumer Confidence Index dropping sharply below 100 points.Concerns over high inflation and potential tariff impacts further dampened sentiment.Meanwhile, NVIDIA’s earnings exceeded expectations, with Q4 revenue up 78% to $39.3 billion and EPS at $0.89, but the stock still declined due to concerns over sustaining growth momentumWhile data center revenue surged 93%,…
