STI gains 18 points on cautious optimism
This comes ahead of a week packed with policy signals from Bank of Japan, the Federal Reserve and Bank of England
TRADERS demonstrated "cautious bullishness" on Monday, buoyed by last Friday's gains on Wall Street and ahead of a week packed with policy signals from the Bank of Japan, the Federal Reserve and the Bank of England.
The benchmark Straits Times Index climbed 18.2 points, or 0.6 per cent, to 2,847.06, extending last Friday's gains which were fuelled by the surprise stimulus measures by the European Central Bank.
Major Asian bourses joined the green belt of gains with Japan's Nikkei 225 up 1.7 per cent, China'…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try