Singapore stock market expected to surpass 3,600 points due to optimism over interest rates

From Nasdaq.: 2024-10-09 19:59:32

The Singapore stock market bounced higher, with the Straits Times Index sitting just above 3,595 points. Optimism over interest rates boosted global markets. The STI gained 19.97 points, up 0.56 percent, with mixed performances from financial and industrial companies. Wall Street ended near session highs, with the Dow up 431.63 points, NASDAQ up 108.70 points, and S&P 500 up 40.91 points at record highs. The Federal Reserve’s September meeting minutes favored larger rate cuts, sparking optimism. The U.S. trade deficit shrank to $70.4 billion in August. Crude oil prices fell on increased inventories and supply disruptions due to Hurricane Milton and Middle East tensions.



Read more at Nasdaq.: Singapore Bourse Tipped To Reclaim 3,600-Point Level