Market Watch
Tussle between growth optimism, inflation fears
Market volatility expected in coming weeks as investors assess a slew of economic data
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Singapore's Straits Times index added 1.9 per cent last week, finishing at 3,178.55 points. Banks continued to provide the bulk of support, with DBS, UOB and OCBC recording total returns of some 22.3 per cent this year as they booked more than $1.8 billion in net institutional inflows.
ST PHOTO: CHONG JUN LIANG
The market is currently caught between fear over inflation and optimism about the upcoming economic recovery.
After see-sawing for much of the week, Wall Street indexes ended last Friday's session on a positive note after the latest United States employment data exceeded expectations, with first-time jobless claims falling to a new pandemic low of 406,000.
