|
Singapore market news:
Singapore market news is a buzzing topic of discussion nowadays. The Singapore market news halted the three day losing streak that had cost it almost 90 points or 3.6 percent in the process very recently. The Straits Times Index moved back above the 2,600 point plateau, and now investors are optimistic that the Singapore market news will continue that uptrend at the opening of trade on Wednesday.
The global forecast for the Asian bourses continues to be firm after several of the regional Singapore market news absorbed heavy losses last week. Commodities are expected to continue their sharp gains against the weakening U.S. dollar, with gold miners in particular predicted to soar. According to the Singapore market news financials and technology stocks also are poised to see solid gains, although there may be a hint of caution ahead of the U.S. corporate earnings season that kicks off later on Wednesday. The European and U.S. markets finished sharply higher, and the Asian markets are likewise tipped to the upside.
According to the Singapore market news the STI finished sharply higher on Tuesday, thanks to bargain hunting among the financials and the property stocks. For the day, the Singapore market news jumped 28.16 points or 1.09 percent to finish a 2,611.89 after trading between 2,603.20 and 2,632.90. Leading the gainers, DBS Group added 1.6 percent, while Overseas Chinese Banking Corp gained 1.1 percent and Capital Land climbed 2.2 percent.
Wall Street offers another strong lead as Singapore market news saw considerable strength in the past few days, benefiting from an increase in risk appetite that drove equities higher in the vast majority of Singapore market news. The major averages all closed in positive territory for the second straight session, further offsetting recent losses.
The rate hike was largely interpreted as a sign that the Australian central bank is confident in an economic recovery. In the U.S., however, officials have repeatedly signaled that the economic recovery is still too fragile to unwind accommodative policies, including the historically low Fed funds rate.
| |
