The Afternoon Update with Lynlee Foo (1pm – 4pm)Market Wrap: How have Singapore shares and banks reacted to the US Fed's decision to keep rates steady?
The US Fed decision to keep interest rates steady at the conclusion of its two-day policy meeting this week has moved markets around the world. How have Singapore shares and banks reacted to the latest pause?
On the economic front - Singapore’s non-oil domestic exports were down a surprising 14.7 per cent in May, a steeper slide than April’s 9.8 per cent contraction. What can we make of these numbers?
Meanwhile, private sector economists have downgraded their full-year economic growth forecast for Singapore to 1.4 per cent this year in a quarterly survey. Was this expected?
On Market Wrap, Hongbin Jeong speaks to Candace Li, Research Analyst, SGX, to find out more.
