The Business Times
business-time-50

Why Europe’s big bounce is bullish for the STI

google-preferred-sourceAdd BT as a preferred source
    • Eurozone stocks are up 27.2 per cent from their September low.
    • Eurozone stocks are up 27.2 per cent from their September low. PHOTO: BLOOMBERG

    Ken Fisher

    Published Mon, Apr 3, 2023 · 05:50 AM

    EUROZONE stocks have roared back towards or even past prior highs in spite of howling over impending doom: dire predictions of natural gas shortages; deadly, freezing winter blackouts; Russian President Vladimir Putin’s westward march; and crippling stagflation.

    Those concerns may seem far, far away with banking contagion fears flaring, the Straits Times Index (STI) flattish since mid-November and other measures of stocks still far from 2021 highs. But look globally – Europe’s bullish boomerang bodes well for Singapore stocks too.

    Last year, moods surrounding Europe and Britain were dismal. Sentix’s eurozone expectations gauge sank to its lowest level since 2008. Commentators routinely deemed eurozone recession near certain.

    Singapore StocksEurozoneStraits Times Index

    TRENDING NOW

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    The price of Category B COEs, used to register larger, more powerful cars and electric vehicles, is up 6% at S$130,889.

    Cat A hits record S$129,000 as COE rises across the board

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

    Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More