Are you curious about the latest events in the financial world? Join us for this week’s engaging Weekly Market Review, brought to you by Securities Investors Association Singapore (SIAS). In this edition, we delve into the intriguing developments in the global equity market and provide insights into Mapletree Industrial Trust and Frasers Logistics & Commercial Trust. Watch the video to get a comprehensive overview of what’s on our radar this week.
Here’s a breakdown of what’s been going on:
Macro Update
- The US market witnessed a downturn this week, with the S&P 500 dropping by 3.1% and the NASDAQ plummeting by 3.5%. This decline was driven by significant losses in tech giants like Tesla and NVIDIA.
- On the contrary, Singapore’s STI showcased resilience, registering a 0.5% gain and surpassing the 3,900 mark. Amidst the global uncertainties, Singapore’s market performance stands out.
- The rollercoaster ride in the market can be attributed to the volatile US tariff policies, resulting in diminishing consumer confidence and spending. Furthermore, the weaker-than-expected non-farm payroll data for February has sparked concerns about a potential economic slowdown.
- Responding to these challenges, investors are bracing themselves for US Federal Reserve rate cuts, anticipating a recalibration in the economic landscape.
In these tumultuous times, it is essential to stay informed and prepared for the ever-evolving market dynamics. Stay tuned for our Weekly Market Review to gain valuable insights and make informed decisions.
Keep your finger on the pulse of the financial world and navigate through the uncertainty with confidence. It’s time to embark on a journey towards financial resilience and success.
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