Singapore Stock Market Positioned for Continued Strength with Positive Global Market Trends

The Singapore stock market has been on the rise, with the Straits Times Index approaching the 4,060-point mark and expected to open higher on Thursday. Global markets are positive, led by technology stocks, with European and U.S. markets up as well.

On Wednesday, the STI closed slightly higher at 4,057.82, with gains in properties and industrials offset by weakness in the financial sector. Various stocks saw movements, with some climbing and others falling.

Wall Street also saw gains, driven by optimism around a potential U.S.-EU trade deal. Nvidia’s rise and the Federal Reserve’s monetary policy meeting minutes were key drivers. Crude oil prices edged up despite increased U.S. oil inventories.

Read more at Nasdaq: Continued Strength Predicted For Singapore Stock Market