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.
- The latest yield on the 6-month Singapore Government Securities (SGS) bonds reached 2.93%.
- Sembcorp Industries and Genting Singapore’s share prices gained on earnings optimism.
- 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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