- The S&P 500 slipped by 0.1% to 6,460 points while the Nasdaq dropped by 0.2%, reflecting a slight pullback towards the end of the week.
- Singapore’s Straits Times Index gained 0.4%, reaching 4,270 points and edging close to its all-time high.
- Investor confidence in a September US Federal Reserve rate cut has risen significantly, with market expectations now close to 90%.
- Singapore government bond yields declined sharply, with the 10-year yield falling to 1.78% from nearly 3% at the start of the year and the one-year yield down to 1.55%.
- Singapore REITs benefited from this trend, with Fraser Centrepoint Trust up 3.6% and Mapletree Logistics Trust up 3.4% as sentiment toward the sector improved.
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 alongside CapitaLand Integrated Commercial Trust (CICT) and CapitaLand Ascendas REIT (CLAR).
Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:34 - Macro Update
