Earnings season is in full swing, and corporate news is moving markets on both sides of the globe. In this week’s Smart Investor Market Watch, we dive into the biggest updates you need to know from Singapore and the US.
In Singapore, the Straits Times Index (STI) rose by over 2% during the week to close at 3,823.78 on Friday, 25 April.
Despite ongoing economic uncertainties, the US stock market staged a strong rebound, buoyed by easing trade tensions and robust corporate earnings. The S&P 500 jumped 4.6%, the Nasdaq Composite surged 6.7%, and the Dow Jones Industrial Average climbed 2.5%, marking one of the strongest weekly performances so far this year.
Driving part of the optimism was news that China is considering suspending 125% tariffs on selected US imports, including medical equipment and industrial chemicals, as domestic costs continue to rise. Meanwhile, the International Monetary Fund (IMF) lowered Singapore’s 2025 GDP growth forecast to 2%, citing global trade uncertainties and a softer external environment....
