From Nasdaq: 2024-05-15 20:03:20

The Singapore stock market ended a four-day winning streak on Wednesday, with the STI falling 0.72% to close just below the 3,290-point level. Financial, property, and industrial stocks were among the losers for the day. The global market outlook is positive due to optimism about interest rates, with European and U.S. markets up. On Wall Street, major indices closed higher after a Labor Department report showed lower-than-expected consumer prices in April, leading to increased optimism about interest rates. Crude oil prices rose on Wednesday due to a bigger-than-expected drop in U.S. crude inventories, closing at $78.63 a barrel.



Read more at Nasdaq: Singapore Shares Likely To Reverse Wednesday’s Losses