What happened?
In this week's Weekly Market Review in partnership with Securities Investors Association Singapore (SIAS), we discuss key developments in the global equity market and also share more about CapitaLand Integrated Commercial Trust (CICT), CapitaLand Ascendas REIT (CLAR), and SGX. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
3:00 - Macro Update
The S&P 500 declined by 0.2% and the Nasdaq fell by 0.5% due to uncertainty following Donald Trump's announcement of tariffs on imports.25% tariffs on Mexico and Canada and 10% levy on China imported was set to take effect on February 1.However, a subsequent 30-day delay for Mexico and Canada was announced on Monday, hinting at ongoing negotiations.Concerns arose as the tariffs were seen as inflationary, potentially slowing US Fed rate cuts.Additionally, this would also disrupt global trade as strengthening the US dollar, would pressure...