This week, in collaboration with the Securities Investors Association Singapore (SIAS), we’re diving into major trends affecting global equities. We’ll also explore what’s been happening with CapitaLand Integrated Commercial Trust and Frasers Centrepoint Trust. Be sure to watch our video to get a full picture of what to keep an eye on this week.
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Let’s see how the market shaped up this past week.
### Macro Update
The S&P 500 index took a hit, dropping 2.3% over the week. This downturn nudges it close to a 10% correction from its recent high—largely due to a broad sell-off impacting both technology and industrial shares. Although the Straits Times Index (STI) had been holding steady for a while, last week it also faced a sell-off, ending down 2% at 3,836 points on Friday.
Meanwhile, the latest U.S. Consumer Price Index (CPI) report showed a 2.8% increase, which was slightly under what economists had forecasted. Despite this, markets responded with a sell-off. It’s clear that consumer sentiment is taking a hit, mostly due to uncertainty surrounding Trump’s tariff policies. Adding to the complexity, inflation expectations for the next five years are climbing, reaching their highest levels recently.
