In addition, the US Federal Reserve at the Federal Open Market Committee (FOMC) meeting last week raised its benchmark lending rate a quarter point and continued to project two more increases this year.
SINGAPORE (March 21): Inflows into US-listed exchange-traded funds (ETFs) last week continued at a record pace even as the global stock market powered to a new high, according to DBS Group Research.
This comes despite an anxious week headlined by a meeting between Chancellor Angela Merkel and President Donald Trump, two of the most powerful leaders of the Western liberal free world, which was described as “chilly” and “awkward”.
