After a tumultuous week, STI is flat for the year
IT's not been a good week for equities as economic growth worries all over the world led to a 56-point or 1.7-per cent loss for the Straits Times Index (STI) at 3,167.73. In Friday's session, short-covering in anticipation that Wall Street would rise on Friday led to a 13.52-point rise for the STI, its final reading at almost exactly the level at which it started the year.
A slowing US, a weak eurozone - made all the weaker by a stagnant Germany - and a stalling China are the main ingredients in the bearish mix which has sent markets into a tailspin over the past couple of weeks. As of Thursday's close…
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Capital Markets & Currencies
Asia: Markets rise as traders consider US rate outlook
China reiterates need for steady yuan amid fragile confidence
Singapore shares climb at Thursday’s open; STI up 0.3%
Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
US: Wall Street slips as dour earnings, chip stocks weigh
Europe: Adidas, LVMH steer shares higher on earnings relief