Singapore trader discovers why STI's 0.2% gain means more than Tesla's 50% surge
Key Points
- Singapore's Straits Times Index saw a modest 0.2% gain, driv...
The Singapore Straits Times Index just pulled off something that would make a magician jealous - it gained 0.2% to reach 4,307.08 points, and somehow everyone's calling it a victory. While that might sound about as exciting as watching paint dry, this tiny bump actually reveals something fascinating about what happens when the Federal Reserve starts hinting at rate cuts.
Here's the thing: US job numbers came in weaker than a coffee shop wifi connection, with private sector employment adding just 54,000 jobs in August instead of the expected higher figure. Normally, bad job news would send mar...
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