The Singapore stock market has posted gains for two consecutive sessions, climbing nearly 60 points or 1.8%. The Straits Times Index (STI) currently stands just above the 3,510 mark, although it may face a stagnation on Wednesday.The global outlook for Asian markets is mixed and largely flat, with cautious anticipation of key inflation data due later this week. European markets experienced declines, while U.S. markets closed with mixed results, suggesting a subdued trend for Asian indices.On Tuesday, the STI ended modestly higher, driven primarily by strength in property and industrial sectors, while financial stocks delivered mixed results.Specifically, the index rose by 16.14 points or 0.46% to end the session at 3,512.67, fluctuating between 3,497.80 and 3,523.47.Among the active stocks:- CapitaLand Integrated Commercial Trust increased by 1.03%- CapitaLand Investment fell by 1.06%- City Developments gained 0.38%- ComfortDelGro advanced 1.38%- DBS Group dipped slightly by 0.03%- Emperador decreased by 1.15%- Genting Singapore added 0.61%- Hongkong Land dropped by 1.60%- Keppel DC REIT fell by 0.46%- Keppel Ltd edged down by 0.16%- Mapletree Pan Asia Commercial Trust rose by 0.71%- Mapletree Industrial Trust saw a decline of 0.40%- Mapletree Logistics Trust went up by 0.70%- Oversea-Chinese Banking Corporation gained 1.00%- SATS surged 2.49%- Seatrium Limited spiked by 1.95%- SembCorp Industries climbed by 1.63%- Singapore Technologies Engineering increased by 0.90%- SingTel surged by 3.18%- Wilmar International fell by 1.59%- Yangzijiang Financial dropped 1.45%- Yangzijiang Shipbuilding, Thai Beverage, and Venture Corporation remained unchanged.Wall Street presented a cautiously optimistic lead, with major indexes opening mixed and oscillating before closing on opposite sides.- The Dow dropped 92.63 points or 0.23% to conclude at 40,736.96- NASDAQ gained 141.28 points or 0.84% to close at 17,025.88- S&P 500 inched up 24.47 points or 0.45% to 5,495.52The market’s volatility stemmed from traders’ anticipation of imminent consumer and producer price inflation data due on Wednesday and Thursday, respectively.This data is crucial as it could influence future interest rates ahead of the Federal Reserve’s monetary policy meeting next week. The Federal Reserve is expected to reduce interest rates, though there is ongoing debate whether the cut will be 25 or 50 basis points.In commodity markets, crude oil prices slumped on Tuesday amid concerns about global economic health and upcoming inflation data. West Texas Intermediate crude oil for October delivery fell by $2.43 or 3.54%, settling at $66.28 per barrel.The material has been provided by InstaForex Company – www.instaforex.com
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