Singapore Markets

Whenever I am feeling low I look around me and I know There’s a place that will stay within me Wherever I may choose to go

The Singapore market awaits US CPI data, an expected policy tightening statement from the MAS and the 3Q2022 earnings season.

The cyclicals-heavy Straits Times Index has been hovering close to its January 2020 high of 3,281.03 since Friday.

Hong Kong is doubling-down on its status as a gateway to China, while Singapore will look to Southeast Asia and the globe.

“We rate Singapore one of our most-preferred markets in the region,” backed by “recession valuations” and expectations of an earnings recovery, said Hartmut Issel, head of APAC equities and credit at UBS Global Wealth Management.

Contrary to fears of a shaken investor confidence following opposition gains, market analysts expect that a more diverse parliament could prevent government "groupthink".

All eyes are on the US presidential elections, with markets possibly fearing a Biden win.

A new mandate to govern Singapore during the pandemic can bode well for the nascent rebound in the nation’s US$383 billion ($533.83 billion) stock market.

Fears of a second Covid-19 wave are also exerting downward market pressure.

Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months.