In this week’s installment of the Weekly Market Review, brought to you in collaboration with the Securities Investors Association Singapore (SIAS), we’re diving into the latest happenings impacting the global stock markets and offering insights into CapitaLand Investment. Make sure to check out the full video to get a deeper look into what we have our eyes on in the coming days.
Weekly Market Review
Macro Update (2:00)
Last week was a strong one for U.S. stocks, with the major indices hitting fresh highs. The S&P 500 and Nasdaq each climbed 1.1%, while the Dow Jones rose by 1.4%. On the other hand, Singapore’s Straits Times Index dipped slightly by 0.2%, settling at a still respectable 3,739 points. Investors reacted well to President-elect Donald Trump’s appointment of a former hedge fund manager as the new Treasury Secretary, a decision that played a part in reducing the yield on U.S. 10-year government bonds from 4.5% to 4.25%. In a similar trend, Singapore’s 10-year government bond yield dropped to 2.78%.
Singapore Market Updates (3:51)
In Singapore, some of the standout performers in the STI included Thai Beverage, Mapletree Logistics Trust, and CapitaLand.
