Heightened uncertainty shrouds market

French polls to dictate Europe's fate; ABN Amro does not see weak US jobs data affecting rate trajectory

Published Mon, Apr 10, 2017 · 09:50 PM

MONDAY'S column suggested that the market may remain trapped within a trading range because of the opposing forces buffeting it - on the upside was Friday's weak US jobs report that indicated a slower pace of interest rate hikes while on the downside, heightened geopolitical risk from events in Syria and France's upcoming presidential election.

As it turned out, the Straits Times Index moved within a narrow band on Monday, eventually finishing 4.18 points higher at 3,181.45. However, the broad market was weak, with 201 rises versus 295 falls excluding warrants.

Turnover reflected the heightened unsureness affecting sentiment - it amounted to a low two billion units worth S$943.3 million.

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