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 DFI Retail Group. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
Macro Update
Global markets saw modest gains over the past week, with the S&P 500 rising 0.3 percent and the Nasdaq up 0.9 percent on continued strength in technology stocks. Singapore’s STI also edged higher to 4,531 points, recording a 0.2 percent increase for the week.The positive sentiment was driven by growing expectations of a Federal Reserve rate cut at the upcoming 10 December meeting, with the probability of a cut climbing to about 86 percent from below 50 percent just two weeks earlier. This shift in expectations supported equity markets across the US and Singapore.
STI Top Performers: DFI…
