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 Suntec REIT. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:54 – Macro Update
The US markets experienced a decline, with the S&P 500 down 2%, with broad-based losses across tech stocks reflected in the NASDAQ and Dow Jones.In contrast, the STI performed relatively better, bolstered by gains in banking stocks, despite losses in property-related countersThe highlight of the week was robust US jobs data for December, showing over 250k jobs created, exceeding market expectations of 150kThis indicates a strong labour market and a resilient economy, leading to a sharp rise in US 10-year government bond yields to 4.77%, the highest level in over a year.Investors…
