What occurred?
On this week’s Weekly Market Evaluate in partnership with Securities Traders Affiliation Singapore (SIAS), we focus on the rally within the US shares and focus on the highest performing Singapore blue chip shares within the first half of the 12 months. Yangzijiang ShipbuildingDBSSingtelOCBCST Engineering Watch the video to study extra about what we’re searching for this week.
Weekly Market Evaluate
2:20 – Macro Replace
US shares noticed a optimistic week, with the S&P 500 up 2%, pushed by a 3.4% achieve in tech shares. Singapore’s STI outperformed the S&P 500, gaining 2.3% over the previous week.The newest US payroll information indicated a softening labor market, with fewer jobs created in June in comparison with Might and downward revisions for April and Might. The US unemployment price rose to 4.1%. Fed Chairman Powell talked about progress in controlling inflation, rising investor confidence in potential rate of interest cuts.US bond yields declined sharply,…
