Singapore Shares Tipped To Remain Rangebound
From Nasdaq, Inc.:
The Singapore stock market has moved higher in two of three trading days since a two-day losing streak. The Straits Times Index now sits just beneath the 3,160-point plateau and it’s expected to see little movement again on Monday. The global forecast for Asian markets is murky ahead of earnings news and a FOMC rate decision later this week. The STI finished modestly higher on Friday following gains from the financials and mixed performances from the properties and industrials. Crude oil futures settled higher on Friday amid optimism about the outlook for oil demand. West Texas Intermediate Crude oil futures for March added $0.65 or 0.84 percent at $78.01 a barrel.
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