2019.07.05-Friday-STI Updates & Charts

THE BUSINESS TIMES - "THE local bourse finished the session lower with investors getting ready for Friday's release of US jobs data, which is expected to guide market expectations of the degree of the US Federal Reserve's dovish stance.

Singapore's Straits Times Index (STI) closed at 3,366.81, down 5.44 points or 0.2 per cent on Friday. On the week, the benchmark index is up 45.20 points or 1.4 per cent from last Friday's close of 3,321.61.

... "If Friday's non-farm payroll report comes in with a big miss, it might catalyse some short US dollar activities as it not only signals weakness in the fundamentals, but will also urge the Fed to take on accommodative monetary policies. On the other hand, if the jobs data beats expectations and is on the upside, the reverse is likely to happen and the US dollar may jump," CMC Markets analyst Margaret Yang said..."

Read more:
https://www.businesstimes.com.sg/stocks/singapore-shares-dip-on-friday-up-14-on-the-week

https://sginvestors.io/market/sgx-share-price-performance/straits-times-index-constituents

STI spent the whole week within the range of the previous rally's huge gap down. For what?

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