Singapore Bourse Poised To Extend Winning Streak
From Nasdaq: 2025-06-08 20:00:00
The Singapore stock market has been on the rise for four consecutive sessions, gaining almost 40 points. The positive global forecast is attributed to strong employment data from the US. The STI closed higher on Friday, led by financial, property, and industrial sectors. Wall Street also saw gains on Friday, with the Dow up over 400 points. US job growth in May exceeded expectations, helping offset economic concerns. Crude oil prices rose in response to the positive jobs data. Singapore is set to release Q1 unemployment numbers today, with forecasts expecting a slight increase from the previous quarter.
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