STI weakens 0.7% over the week in cautious trading
A FALL in oil prices, an expected US interest rate hike and news that US President Donald Trump is under investigation for possible obstruction of justice were the main external events that impacted stock markets this week.
Closer to home, upbeat economic numbers and signs of a revival in the property market, possibly driven by en bloc activity, were the main features.
Perhaps not surprisingly, banks, which have been the prime movers of the Straits Times Index (STI) this year, …
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