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
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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's Shanghai Composite gaining 1.8 per cent and Hong Kong's Hang Seng rising 1.2 per cent.
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