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Market Watch
US inflation data for May set to take centre stage this week
Data will be of special interest to markets after April's CPI increase showed large gain
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The Sembcorp Marine Tuas Boulevard Yard. Tomorrow will mark one year since Sembcorp Industries and Sembcorp Marine proposed the $2.1 billion recapitalisation of Sembmarine, and a demerger. Since the end of May last year, Sembcorp Industries' share price has gained 218 per cent, and Sembmarine has fallen 54 per cent.
PHOTO: LIANHE ZAOBAO
Equity markets continued to grind northwards despite concerns about inflation and potential tightening of monetary policies by central banks.
Indeed amid signs of supply side constraints which could put pressure on prices, one of the most closely watched numbers has been unemployment. Thus it was not surprising that the United States job figures for last month became the centrepiece of market attention last week.
