STI to sway to earnings, US Fed chief pick
MARKET sentiment seems to have entered a rather blithe phase even though investors have demonstrated the ability to be fickle. The Straits Times Index (STI) generally tracks the Dow futures closely, but sometimes it may change course.
Reactions to key events may be selective, as evident from last Thursday's session when the STI chalked up gains even as the Dow futures was down by more than 100 points at about 4.30pm. The Singapore index was mainly supported by optimism arising from China's growth data and bullish views on banking and property stocks.
Mostly though, markets are typically driven by the strength of global growth, as head of Phillip Securities Research Paul Chew says.
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
Google, US clash over search advertising as trial winds down
Apple rallies most in 18 months on upbeat forecast, buyback
US: Wall St opens sharply higher on soft jobs data
HSBC has no plans to dispose of further businesses, chairman says
Glencore Group nears deal for Shell’s Singapore oil refinery
Chinese share of French EV market slumps after incentives curbed