We share about DBS and Lendlease REIT in the latest Weekly Market Review.
What happened?
In this week's Weekly Market Review in partnership with
Securities Investors Association Singapore (SIAS), we discuss the volatility in global financial markets and also share more about the following:
Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
2:00 - Macro Update
- The S&P 500 closed flat at 5,344, while the Nasdaq and Dow Jones saw minor losses.
- The Straits Times Index (STI) dropped 3.5% to 3,262, a significant weekly decline.
- The Bank of Japan’s interest rate hikes led to the unwinding of the carry trade, causing the Nikkei 225 to fall over 12%, its largest drop since 1987.
- US 10-year bond yields fell below 2.7% before slightly recovering to 2.86%.
- Markets now expect a near-certain Fed rate cut in September, with a 0.25% or 0.5% reduction likely.
- By November, a total 0.75% rate cut is possible
7:49 - Singapore market updates...
