无极阿尔法
2022-11-19

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Singapore and US Market Analysis Singapore stocks rose despite other regional markets falling into the red on Thursday (Nov 17), with the Straits Times Index (STI) climbing 0.6 per cent or 19.87 points to 3,286.04. Across the broader market, gainers beat losers 274 to 273 after 1.4 billion securities worth S$1.3 billion changed hands. On the STI, Sembcorp Industries was the best performer. The counter gained 5.2 per cent or S$0.15 to close at S$3.05. Meanwhile, Jardine Matheson Holdings was at the bottom of the table, shedding 2.6 per cent, or US$1.27 to close at US$47.18. The trio of banks were also in the black. DBS gained 1.5 per cent or S$0.54 to close at S$35.61, while UOB gained 1.1 per cent or S$0.32 to close at S$30.16 and OCBC gained 0.4 per cent or S$0.05 to close at S$12.47. US stocks slipped for a second consecutive day, ending mostly lower on concerns the Federal Reserve could trigger a US recession, as more central bankers said interest rates have to rise further to contain inflation. The Dow Jones Industrial Average was essentially flat, closing at 33,546.32, but the broad-based S&P 500 slipped 0.3 per cent to 3,946.56, while the tech-rich Nasdaq Composite Index fell 0.4 per cent to finish at 11,144.96. Investors also were digesting mixed quarterly results, with Cisco Systems shares jumping around five per cent after earnings exceeded expectations, but others like chip company Nvidia struggling amid ongoing issues facing the semiconductor industry. Meanwhile, St Louis Fed president James Bullard was the latest in a string of central bankers saying more rate hikes will be needed because the benchmark lending rate is not yet “sufficiently restrictive”. The Fed has moved aggressively to douse red-hot inflation, raising the benchmark lending rate six times this year to cool demand. Kansas City Fed president Esther George on Wednesday (Nov 16) cautioned that it is unclear how policymakers can tamp down inflation “without having some real slowing, and maybe we even have contraction in the economy”.
Singapore and US Market Analysis Singapore stocks rose despite other regional markets falling into the red on Thursday (Nov 17), with the Straits Times Index (STI) climbing 0.6 per cent or 19.87 points to 3,286.04. Across the broader market, gainers beat losers 274 to 273 after 1.4 billion securities worth S$1.3 billion changed hands. On the STI, Sembcorp Industries was the best performer. The counter gained 5.2 per cent or S$0.15 to close at S$3.05. Meanwhile, Jardine Matheson Holdings was at the bottom of the table, shedding 2.6 per cent, or US$1.27 to close at US$47.18. The trio of banks were also in the black. DBS gained 1.5 per cent or S$0.54 to close at S$35.61, while UOB gained 1.1 per cent or S$0.32 to close at S$30.16 and OCBC gained 0.4 per cent or S$0.05 to close at S$12.47. US stocks slipped for a second consecutive day, ending mostly lower on concerns the Federal Reserve could trigger a US recession, as more central bankers said interest rates have to rise further to contain inflation. The Dow Jones Industrial Average was essentially flat, closing at 33,546.32, but the broad-based S&P 500 slipped 0.3 per cent to 3,946.56, while the tech-rich Nasdaq Composite Index fell 0.4 per cent to finish at 11,144.96. Investors also were digesting mixed quarterly results, with Cisco Systems shares jumping around five per cent after earnings exceeded expectations, but others like chip company Nvidia struggling amid ongoing issues facing the semiconductor industry. Meanwhile, St Louis Fed president James Bullard was the latest in a string of central bankers saying more rate hikes will be needed because the benchmark lending rate is not yet “sufficiently restrictive”. The Fed has moved aggressively to douse red-hot inflation, raising the benchmark lending rate six times this year to cool demand. Kansas City Fed president Esther George on Wednesday (Nov 16) cautioned that it is unclear how policymakers can tamp down inflation “without having some real slowing, and maybe we even have contraction in the economy”.

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