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Markets brace themselves for Middle East fallout as Fed inflation data clears way for more rate cuts
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Barring the escalation of conflict in the Middle East, the Singapore market is primed to climb higher on Fed rate cut hopes and China’s stimulus blitz.
ST PHOTO: BRIAN TEO
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SINGAPORE – Moderating US inflation numbers and subdued consumer spending data provided uplift for somewhat nervy equity markets last week.
Sentiment was also boosted late in the week, especially in the Asia-Pacific, by news of China’s roll-out of a raft of stimulus measures and cash injections to boost its ailing corporate sector and economy.
