Singapore Shares Drop 0.2% Amid Fading Hopes of Fed Rate Cuts -- Market Talk

Dow Jones02-06

0113 GMT - Singapore shares open lower, as investor sentiment is weighed down by fading hopes of a Fed rate cut in March. The market is coming to terms with the U.S. economy's strength, say ANZ Research analysts in a note. The U.S. service sector expanded in January, they note. "When considered alongside strong GDP data and elevated wage growth, we think the Fed will be cautious about its ability to meet its 2% inflation target sustainably and don't expect to see early rate cuts." The benchmark FTSE Straits Times Index is down 0.2% at 3127.71. Among the top decliners on the STI is Hongkong Land Holdings, which falls 1.25%. Frasers Logistics & Commercial Trust drops 0.9% and DFI Retail Group sheds 0.5%. Mapletree Industrial Trust is among the gainers, rising 1.2%. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

February 05, 2024 20:13 ET (01:13 GMT)

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The U.S. service sector expanded in January, they note. \"When considered alongside strong GDP data and elevated wage growth, we think the Fed will be cautious about its ability to meet its 2% inflation target sustainably and don't expect to see early rate cuts.\" The benchmark FTSE Straits Times Index is down 0.2% at 3127.71. Among the top decliners on the STI is Hongkong Land Holdings, which falls 1.25%. Frasers Logistics &amp; Commercial Trust drops 0.9% and DFI Retail Group sheds 0.5%. Mapletree Industrial Trust is among the gainers, rising 1.2%.  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The market is coming to terms with the U.S. economy's strength, say ANZ ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"H78.SI","symbol_name":"置地控股有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2409493252","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2409493252","pubTimestamp":1707181980,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0113 GMT - Singapore shares open lower, as investor sentiment is weighed down by fading hopes of a Fed rate cut in March. 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