The S&P 500 rose to an all-time high, while the Singapore T-bill yield declined.
Stock investors have much to cheer in the past week.
After all, the Singapore’s benchmark Straits Times Index (STI) reached a one-year high, while the S&P 500 reached another record high.
Like many others, what caught my eye was DBS share price's blistering rally to an all-time high. DBS has gained close to 25% this year, exceeding the gains of the S&P 500 index.
In fact, DBS is just one of 5 Singapore blue chip stocks that saw double-digit gains in the first half of the year. We find out if the strong performance of these blue chip stocks would continue into the second half of the year.
For the savers out there, there is also some positive news as the best fixed deposit rate in Singapore has been raised in July.
Likewise, some banks also raised the interest rates on their savings accounts...