, Singapore

STI set for further declines

No thanks to widespread disappointment over the lack of concrete details from ECB.

OCBC Treasury Research noted:

STI lost 0.49% to close at 3036.19 yesterday, and may extend declines today amid widespread disappointment over the lack of concrete details from ECB, and weak leads from Wall Street overnight and morning losses in Nikkei and Kospi.

STI support is tipped at 3000 and resistance at 3051.08 (1 Aug high). DBS’s Q2 profit rose 10% to $810m. SGS bonds may trade with a slightly firmer tone today, amid overnight gains in US Treasuries.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!