Central bank powwows to hog spotlight
AFTER a week of rocky trading, the Singapore bourse could quite possibly be headed for more choppiness with the tug of war between monetary policy and trade fears as the dominant trading theme set to continue this week.
For now, the US Federal Reserve meeting on Thursday - where a rate hike is widely expected - is expected to grab the spotlight, and hence the focus will be on the Fed's tightening trajectory. Simply put: Will there be three (as widely projected) or four rate hikes for the year?
Alongside that, other central bank powwows are also on the cards for the week in the UK, New Zealand and Indonesia; with expectations for no policy rate changes.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results