Investors turn risk-averse as two key events loom

Singapore

INVESTORS have pulled out of risk markets in recent days to await nailbiters in the week ahead at the US Federal Reserve and in Britain.

Equity markets retreated around the world. The Straits Times Index, Singapore's main equity benchmark, fell for the fourth straight session on Tuesday to 2,768.33. In the United States, the S&P 500 closed on June 13 at 2,079.06, also its fourth straight decline.

Some of that money leavin…