Meanwhile, major US equity indices fell 2.1% to 3.8% but held above recent lows. The 10-year US treasuries also gained 6 basis points (bps) to 3.88%, remaining below its recent high of 4.01%, and USDSGD edged up to 1.4322.
The Singapore stock market awaits US consumer price inflation (CPI) data, a policy statement from the Monetary Authority of Singapore (MAS) and the 3Q2022 earnings season, says DBS Insights Direct in its market view update.
In the note dated Oct 10, DBS says the stronger-than-anticipated US September jobs data caused a sell-off in US equities ahead of the “much anticipated” September CPI and core CPI releases on Oct 13, which are expected to have increased 8.1% and 6.5% y-o-y respectively.
