What happened?
In this week's Weekly Market Review in partnership with
Securities Investors Association Singapore (SIAS), we discuss the positive trends in the global equity market and also share more about the following:
UOBOCBC Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
0:26 - Macro update
Last week was a positive week for global e
quity markets. US initial jobless claims came in sharply higher, suggesting the Fed's next move may be to keep interest rates unchanged. US stocks bounced back, with the S&P 500 returning to above 5,200. Gains were led by the Dow Jones Industrial Average, up 2.2%, while the NASDAQ rose by 1.1%. The STI, however, was flat at around 3,300. The Fed is still expected to maintain interest rates in June, with a high probability of no rate change.
3:20 - Singapore market updates
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