By The Boy Who Procrastinates - March 30, 2019
With a blink of an eye, we have now come to the end of the first quarter. One of the significant events that have taken place thus far would include the Trump-Kim summit that has occurred for the second time in Feb 2019. The meeting was however cut short with no agreement reached.
The US Fed has recently indicated on 20 March that the interest rate will be held steady with no rate hike this year, putting the range of fed fund rate at 2.25% to 2.5%. Even though it may have been a welcoming reprieve for investors in the REITS market, the Fed has signalled signs of weakening economic activity and global growth uncertainty.
In the local context, the STI has surged from 3038.89 at the start of the year to 3212.88 in March, ending the first quarter with a