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Showing posts with the label singapore inflation

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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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Market Pulse: Nio Tightens Losses as Wall Street Bets Big on Fed Cuts

  Key Takeaways Singapore market opens higher  with strong breadth. U.S. stocks climb  as traders price in a December Fed rate cut. AI stocks diverge:  Alphabet rallies; Nvidia faces selling pressure. Singapore inflation expected at 1.5% in 2026  due to domestic cost adjustments. Stocks to Watch:  Singtel, Nio, ThaiBev, Seatrium, ComfortDelGro, Coliwoo, NoonTalk. Singapore Market Opens on a Firm Note The Straits Times Index started Wednesday in positive territory, rising  0.47% to 4506.52 . Market breadth was healthy, with  91 advancers vs. 34 decliners , and total turnover reached  S$142.76 million  in early trade. Wall Street: Fed Cut Hopes Lift Sentiment, AI Plays Split U.S. equities finished higher on Tuesday as markets leaned into expectations that the Federal Reserve may lower rates in December. Futures traders now assign a  ~90% probability  of a 25bp cut. Alphabet  extended its AI-driven rally, reportedly boosted b...
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Analysts Say Singapore to Wait on Trump’s Trade Moves Before Easing Policy

Slowing inflation in Singapore  has created some room for the  Monetary Authority of Singapore (MAS)  to ease monetary policy in January, but analysts believe the central bank may delay any action until later in 2025 to better assess the impact of  US President-elect Donald Trump's policies . Key Highlights Inflation Outlook November core inflation  is expected to hold steady at  2.1% , a  three-year low , according to analysts in a Reuters poll. MAS has forecast core inflation at  around 2% for Q4 2024 , with DBS Bank predicting it to average  1.8% in 2025 . Monetary Policy Approach Singapore uses the  Singapore dollar nominal effective exchange rate (S$NEER)  to manage policy, adjusting the slope, midpoint, or width of the currency band. While some analysts expect an easing at the January review, a MAS survey showed the number of economists anticipating a reduction in the S$NEER slope dropped from  50% to one-third . Analyst ...
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