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 and Singtel. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:51 – Macro Update
US markets continued rallying last week with the S&P 500 closing at 6,450 and the NASDAQ at 21,623.Singapore’s market hit a new high before closing slightly lower, ending the week at 4,231.Inflation data was mixed: consumer price index rose 0.2% for July, showing moderate inflation, while producer price index data came in stronger than expected, raising concerns about tariff-driven inflation.Market expectations for a September Fed rate cut remain high at about 92% despite the mixed inflation data.Bond yields continue to fall with US 1-year yield at 3.93% and Singapore 6-month T-bill at 1.59%, reflecting stronger rate cut…
