Market Review and Trends
Your bite-sized weekly update (23 July)
By Beansprout  •  July 23, 2022
Rising SGS bond yields, Sembcorp Industries & Genting SG optimism, and Tesla's earnings beat THIS WEEK IN MARKETS With the spate of disappointing economic data and company results (think Snap), you might be finding it hard to identify the bright spots in the markets. So, we thought we’ll try to list a few.
  1. The latest yield on the 6-month Singapore Government Securities (SGS) bonds reached 2.93%.
  2. Sembcorp Industries and Genting Singapore’s share prices gained on earnings optimism.
  3. Tesla is still targeting to grow its electric vehicle production by 50% this year.
We hope these are good enough reasons to get you excited about the week ahead – which is shaping up to be another interesting one with the FOMC meeting and earnings from Apple, Meta and Alphabet! IMPORTANT Source: Bloomberg. Weekly price change as of market close on 22 July
  • It’s looking grim. US services activity, German manufacturing activity, and European business activity contracted in July, raising concerns of a deepening economic slowdown.
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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