In this week's Weekly Market Review in partnership with the Securities Investors Association Singapore (SIAS), we discuss the divergence between Singapore and US markets as renewed Middle East tensions lifted oil prices and bond yields. We also look at why Singapore banks continue to outperform on higher interest rate expectations and stronger wealth management income, alongside the technical outlook for the STI and major US indices ahead of the peak of the US earnings season.
Watch the video to learn more about what we are looking out for this week. Weekly Market Review 2:10 - Macro Update US markets retreated last week, with the S&P 500 falling 1.6% and the NASDAQ declining 2.9%, as AI-related stocks came under pressure amid concerns over memory oversupply and elevated valuations.In contrast, the STI continued its record-breaking run, climbing above the 5,500 level as investors rotated into Singapore banks...What happened?
