Thursday, July 11, 2019

2019.07.11- Thursday-STI Updates & Charts

THE BUSINESS TIMES - "THE local equities market, like most others, has been in a limbo since last Friday's US jobs data exceeded expectations, sending investors second-guessing the extent of rate cuts by the US Federal Reserve.
On Thursday, they were reassured of the Fed's dovishness, which translated to a risk-on session in Asia.
The Straits Times Index (STI) gained 10.03 points or 0.3 per cent to close at 3,350.45 on Thursday.
Following the testimony, which market watchers said signalled a confirmation of a rate cut of at least 25 basis points (bps) in July..."

Read more :
https://www.businesstimes.com.sg/stocks/singapore-shares-add-03-as-fed-chief-reaffirms-dovish-stance








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