Daily Markets Briefing: STI up 0.9%

Expect a pullback today.

According to OCBC, mixed reactions on Wall Street overnight after the Fed opted to leave key interest rates unchanged is unlikely to provide any strong cues for the local bourse this morning. The Nikkei is down 0.8% in early trade.

Here's more from OCBC:

Fundamentally, the sharper-than-expected contraction in the Aug NODX points to a technical recession for the Singapore economy in 3Q; hence, the overall tone could remain quite cautious.

As such, we could see more investors looking to take profit should the STI fail to convincingly breach the key 2900 hurdle, especially after the index added another 0.9% of gains yesterday.

Failure to convincingly sustain above this hurdle could see the index easing back towards the 2800 support.

Above 2900, 3000 remains the main hurdle to clear.

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia