Singapore Stock Market Due For Consolidation On Monday
From Nasdaq:
The Singapore stock market has finished higher in two straight sessions, advancing almost 85 points or 2.8 percent. The global forecast for the Asian markets is murky to lower, weighed by pessimism over the outlook for interest rates. The STI finished sharply higher on Friday jumping 45.25 points or 1.42 percent to finish at 3,221.94. Investment spiked in Ascendas REIT, CapitaLand Integrated Commercial Trust, CapitaLand Investment, City Developments, Comfort DelGro, DBS Group, and more, indicating a positive trend. The Dow, NASDAQ, and S&P 500 all closed lower following concerns about the outlook for interest rates. Oil prices climbed higher on Friday, lifting the most active WTI Crude futures to a 11-week high, on concerns about potential supply disruptions in the Middle East.
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