In this week’s edition of the Weekly Market Review, created in collaboration with the Securities Investors Association Singapore (SIAS), we delve into significant happenings in the global equity market. Additionally, we’ll shed light on both Mapletree Logistics Trust and Mapletree Pan Asia Commercial Trust. Check out our video for more insights into what we are monitoring this week.
Weekly Market Review
Macro Update (2:38)
Last week was marked by market reactions to Trump’s policy announcements post-inauguration. The S&P 500 experienced a 1.7% uptick as the absence of immediate tariffs brought a sense of relief. On the contrary, the STI saw a 0.2% dip, influenced by the onset of the earnings season. The core CPI in the U.S. rose by 0.2% month-over-month in December, easing inflation concerns and sparking optimism for possible Federal Reserve rate cuts. Nonetheless, interest rates are anticipated to remain steady in the foreseeable meetings, with hints at a potential cut come June. US 10-year government bond yields stayed high at 4.6%, a reflection of ongoing inflation worries linked to Trump’s policy agenda.
