What happened?
In this week’s Weekly Market Review in partnership with the Securities Investors Association Singapore (SIAS), we discuss the gains in global markets following Nvidia’s results, shifting interest rate expectations after the Jackson Hole meeting, and what SIA’s investment in Air India could mean for the airline over the longer term.
Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:02 - Macro Update
The S&P 500 gained 0.5% last week to 7,712 points, while the NASDAQ rose 0.8%, supported by technology stocks following Nvidia’s stronger earnings and outlook.In Singapore, the STI gained 0.2% and remained close to the 5,700 level.Investors also focused on the Jackson Hole meeting, where Federal Reserve Chair Kevin Warsh highlighted continued uncertainty around inflation while noting that US economic growth remained relatively healthy.Markets interpreted the comments as reducing...