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 Singtel and SATS. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:57 – Macro Update
S&P 500 fell 2.6% to 5,803 points, while STI declined 0.4% to 3,882 points.Declines were driven by rising US bond yields, a US credit rating downgrade, and renewed tariff threats from Trump.US 30-year bond yield climbed back above 5%, while the 10-year yield rose to 4.6% from 4% in early April.Singapore bond yields remained stable, with the 10-year yield at 2.5% and 6-month T-bill yield falling to 2.2%.The Fed is still expected to cut rates twice in 2025, with potential cuts in September and December.Top gainers included Singapore Airlines and Singtel; worst performers were Frasers Logistics (-6.6%)…
