Market Update

“Hot” On The Plate US Macro – US markets were weaker on Friday due to a weak jobs report, although major US indexes closed up for the week.  US debt ceiling deal reached. The US avoided the risk of a default this month, after the US senate approved to temporarily increase the federal government’s debt ciling […]

“Hot” On The Plate The end of 3Q – Last week marked the end of the 3Q which was an uneventful quarter for the market after a strong start to the year. In the US, major indexes were mostly flat, with only S&P 500 up just 0.2% for the quarter. Nasdaq and Dow jones were […]

“Hot” On The Plate The US debt ceiling has popped up on the discussion table, as the US Congress look to reach a deal to raise the federal borrowing limit before the government runs out of money by mid-October. In 2011, S&P reduced the credit rating of the US from triple A to double A, […]

“Hot” On The Plate US stocks pulled back from record highs. This is the second consecutive weekly drop for US markets amid the seasonally weaker month for markets, as investors take profit after a good run for US stocks year to date. With data backing up to 1928, September has been the worst months for […]

“Hot” On The Plate More alarm bells sounded on US stock market on valuation and growth concerns US markets have been on a tear this year, with major US stock indexes up more than 10% YTD, and about doubled from the COVID-19 trough in March 2020. The fast run up had made this bull market […]

“Hot” On The Plate US stocks ended mixed on Friday after US August Jobs Report disappointed with just 235,000 jobs created, well below estimates of 720,000. More on the US jobs report here This was the smallest monthly addition since January, as US president Joe Biden blamed the delta variant and unvaccinated people for the […]

What happened in markets this week, and what are analysts talking about? SBS Transit •DBS; Initiate with HOLD with TP S$3.44. The House initiated SBS Transit with a HOLD with TP of S$3.44 representing SBS’s 10 year average PB of 1.74x. Total average daily rail ridership across SBS train lines was 1.22m in FY19 vs […]

What happened in markets this week, and what are analysts talking about? SGX •Phillip Capital; Maintain Neutral with lower TP S$10.78. The House maintained Neutral on the stock, reducing its FY22F earnings by 6.1% as the House factor in lower volumes for FTSE China A50 contracts, following HKEX’s move to launch MSCI China A50 Connect […]