Top Stock Market Highlights of the Week: US Federal Reserve, International Flight Routes and ST Engineering

The Smart Investor12-21 07:00

[ Share Facebook Twitter LinkedIn Email WhatsApp Welcome to this week’s edition of top stock market highlights. US Federal Reserve Investors have been waiting with bated breath for the ...

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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Stock Market Highlights of the Week: US Federal Reserve, International Flight Routes and ST Engineering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 07:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-us-federal-reserve-international-flight-routes-and-st-engineering/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nWelcome to this week’s edition of top stock market highlights.\nUS Federal Reserve\nInvestors have been waiting with bated breath for the ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-us-federal-reserve-international-flight-routes-and-st-engineering/\">Source 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rate now hovers between 4.25% and 4.5%.\nHowever, the Fed scaled back on the number of interest-rate cuts it intends to make for 2025, halving it from four to just two.\nOfficials believe that inflation will continue to be a concern next year as policymakers project that core inflation will end 2025 at 2.5%.\nThis level is higher than the original 2.2% envisioned back in September and is also above the Fed’s target inflation of 2%.\nOverall, the central bank believes that the US economy will remain on firm footing next year, thus allowing rates to stay higher for longer.\nIt also believes that inflation will only hit the target of 2% by 2027.\nSeveral economists believe that the new Trump administration will enact policy changes that prove inflationary, with a slew of trade, tariff and immigration policies slated for implementation.\nFed chairman Jerome Powell is satisfied with how 2024 is ending as he contends with maintaining a delicate balance for interest rates.\nThe US economy stayed strong while the labour market is robust, and inflation has been trending down steadily, albeit still at levels higher than the Fed would like.\nWith this third interest rate cut, the total reduction this year has been a full percentage point.\nInternational flight routes\nGlobal travel platform OAG has released its annual Busiest Routes report which ranks the most popular flight routes based on their number of seats.\nSingapore appears on three of the world’s busiest international flight routes.\nThe Kuala Lumpur-Singapore route came in at number four with a capacity up 10% year on year to 5.4 million seats.\nSingapore appeared on two other popular routes – the Jakarta-Singapore and the Bangkok-Singapore routes, which ranked eighth and ninth, respectively.\nThe busiest air routes are defined as those with the largest volume of scheduled seats for 2024 and account for flights in both directions on all routes.\nComing in at the top is the Hong Kong-Taipei route with a seat volume of 6.8 million, up from third place in 2023.\nCurrently in third place is the Seoul-Tokyo route which saw sea volume jump 30% year on year, while the Bangkok-Hong Kong route popped up in the top 10 at number seven with a capacity increase of 29% year on year.\nAsia-Pacific routes dominated the most popular routes in the world with the region claiming seven out of the top 10 spots.\nGlobal market intelligence provider BMI has forecast that tourist arrivals in Asia are expected to recover to their pre-pandemic levels in 2025.\nSingapore Technologies Engineering Ltd (SGX: S63)\nSingapore Technologies Engineering, or STE, won S$180 million in contracts for its Urban Solutions and Satcom (USS) division.\nThe blue-chip engineering group will provide its latest communication systems – Supervisory Control and Data Acquisition (SCADA) and AGIL Platform Screen Door (PSD) for Bangkok’s new 35.9 km metropolitan rapid transport (MRT) Orange Line.\nThe Orange Line will connect eastern and western Bangkok and is projected to serve more than 400,000 passengers daily when fully operational in 2030.\nSTE has a long-standing relationship with Bangkok’s metro projects, having delivered 23 smart metro projects since 2014.\nThe group has deployed a range of smart metro solutions that include communication systems, passenger information systems, and mobility payment solutions, among others.\nThe USS division will also provide over 500 sets of full-height PSDs and more than 160 sets of half-height PSDs for the Orange Line, which comprises 21 underground stations and seven elevated stations.\nThis project has commenced and is estimated to be completed by July 2030.\nOur FREE report, ‘7 Singapore Blue-Chip Stocks That Can Pay You for Life,’ reveals stable, dividend-paying stocks with a history of strong returns—even in uncertain markets. Get insights on Singapore’s most dependable blue-chips and see how they can offer you steady income. Download it today to start building your portfolio with confidence.\nFollow us on Facebook and Telegram for the latest investing news and analyses!\nDisclosure: Royston Yang does not own shares in any of the companies mentioned.\n\n\n\nYahoo\n]","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493408707"}