, Singapore

Daily Markets Briefing: STI up 0.2%

Analyst predicts 0.8% lift today.

IG Markets Singapore noted:

Asia was a mixed bag yesterday. The rollercoaster Nikkei 225 dropped 1.3% while the Shanghai Composite gained 0.9%. The STI achieved a modest rise of 0.2% as traders continued to contemplate the Budget measures.

We are pricing in a 0.8% lift for the STI at the open this morning, opening with the 3300 level in sight once again. With the issues in Europe and positive data out of the US, the Friday sequester deadline has not made many headlines.

With US politicians failing to make any meaningful progress thus far there could still be another volatile twist in what has been a choppy week for traders.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.