In collaboration with the Securities Investors Association Singapore (SIAS), this week’s market review delves into crucial changes in the global equity scene, providing insights into Mapletree Industrial Trust and Frasers Logistics & Commercial Trust. To get the full picture of what to keep an eye on this week, don’t forget to check out the video.
Weekly Market Review
Macro Update (1:44 mark)
The US markets are experiencing a noticeable dip, with the S&P 500 and NASDAQ seeing declines of 3.1% and 3.5%, respectively. This downturn is largely due to significant drops in top tech giants, including Tesla and NVIDIA. Meanwhile, over in Singapore, the Straits Times Index defied the trend by rising 0.5%, surpassing the 3,900 mark. This divergence in performance underscores the market’s jitters, largely stemming from unpredictable US tariff decisions that have dampened both consumer sentiment and expenditure. February brought unexpectedly weak non-farm payroll figures, amplifying fears of a looming economic deceleration. In light of these developments, there’s been a shift among investors towards anticipating more considerable rate cuts from the US Federal Reserve.
