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 Frasers Logistics & Commercial Trust. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:46 - Macro Update
Global markets rebounded strongly last week, with the S&P 500 up 3.7%, NASDAQ surging 4.9% driven by tech stocks, and Singapore's STI rising to 4,524 points.
The market bounce stems from heightened expectations for a Federal Reserve rate cut at the December meeting, from below 50% two weeks ago to above 80%.
Bond yields declined alongside rate cut hopes, including the US 10-year yield falling below 4% and the one-year yield dropping to 3.6% from 3.7% a week prior.
Singapore REITs recovered notably, led by Fraser's Logistics and Commercial Trust up 5%, while worst performers saw only...