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FOMC minutes, banks at the forefront of STI moves

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This week's main driver was the minutes of the US Federal Reserve's Open Markets Committee (FOMC) meeting, which indicated that China is not longer a concern and that although interest rates will be raised at the December FOMC meeting, the pace of rate hikes thereafter will be gradual.

THIS week's main driver was the minutes of the US Federal Reserve's Open Markets Committee (FOMC) meeting, which indicated that China is not longer a concern and that although interest rates will be raised at the December FOMC meeting, the pace of rate hikes thereafter will be gradual.

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