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More market volatility expected ahead
All eyes on upcoming US jobs, manufacturing data for clues to nation's growth momentum
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The big news of the week was the possible merger of Keppel Corp and Sembcorp Marine's offshore businesses. Following the announcement of merger talks, SembMarine fell 27.2 per cent while Keppel gained 5.7 per cent.
LIANHE ZAOBAO FILE PHOTO
After a volatile week when financial markets were buffeted by the crosswinds of inflation fears and hopes of a post-pandemic recovery, equity markets generally ended on a positive note.
This was despite the fact that the core personal consumption expenditures index, a key inflation indicator that the United States Federal Reserve uses to set policy, rose to 3.4 per cent last month - its highest level since April 1992.
