Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

Singapore stocks rally as investors price in September Fed rate cut; STI up 0.2%

by Mark Darwin
in Lifestyle
Singapore stocks rally as investors price in September Fed rate cut; STI up 0.2%
Share on FacebookShare on Twitter


[SINGAPORE] The local bourse logged gains for a second straight day on Friday (Sep 5), closing higher alongside regional markets amid expectations that weak US job market data will cement a September interest rate cut by the Federal Reserve.

The Straits Times Index (STI) rose 0.2 per cent, or 10.25 points, to 4,307.08.

DFI Retail Group led gains on the benchmark index, rising 3.1 per cent or US$0.10 to close at US$3.32. Jardine Matheson landed at the bottom of the table, falling 0.9 per cent or US$0.56 to US$59.99.

Across the broader market, advancers beat decliners 349 to 184 after two billion securities worth S$1.3 billion changed hands.

An ADP report on Thursday showed that private employment in the US rose by 54,000 jobs last month. This fell short of the 65,000 new jobs that economists polled by Reuters had forecast.

Maybank analysts wrote on Friday that the figure indicated “further signs of labour market weakness”. “Odds of a Fed cut remained relatively unchanged, with a September cut almost fully priced,” they noted, adding that markets are awaiting August non-farm payroll data, to be released at 8.30pm Singapore time.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Ipek Ozkardeskaya, senior analyst at Swissquote Bank, noted that investors are now looking for “final confirmation that the (US job market’s) weakening trend is entrenched and justifies a Fed cut – or two”.

Expectations of a dovish Fed and lower rates in the coming months boosted appetite for risk assets such as equities, instead of Treasuries.

“Softer-than-expected jobs numbers could weigh further on the US two-year (Treasury) yield and extend the breather on the long end after weeks of sell-off,” said Ozkardeskaya.

Regional markets also rallied on Friday. South Korea’s Kospi rose 0.1 per cent, Japan’s Nikkei 225 gained 1 per cent and Hong Kong’s Hang Seng Index grew 1.4 per cent.

Tags: CutFedInvestorsPriceRallyRateSeptemberSingaporeSTIStocks
Mark Darwin

Mark Darwin

Next Post
Carol Zatt: Leading the Next Generation of Digital Marketing Education

Carol Zatt: Leading the Next Generation of Digital Marketing Education

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In