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Last week Wednesday, Federal Reserve had raised the interest rate consecutively by another 75 basis points for the 3rd time to 3% to 3.25% and forecasted that benchmark federal funds rate could probably reach 4.6% in 2023...
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Foreign Exchange Market: a rocky sea to stay afloat... with USD
Japan intervenes to support yen for the first time since 1998
Pound drops to record low as UK signals more tax cuts
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Singapore CPI (corn inflation) in August, rises higher to 5.1% from previous 4.8%
Click here for detail
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SPDR Gold Shares (O87.SI) closed at US$107.59 last Friday!
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To Investors :
Investment tip takeaway 🦉 this week:
Singapore announced its rising CPI (core inflation) last Friday, and with much considerationmy only strategy for the remaining September till first week of October (7th Oct): Sell and buy back later in end of October
With the current market situation, investors may consider to diversify their existing portfolio with some fixed-income assets. And many people would like to chose between fixed-deposit (FD) and SSG bonds, since they can be easily accessible in the retail markets. For discussion, I will leave the FD options to investors to check the latest rate with banks because the saving rate is adjusting on the regular basis among all banks to stay competitive with one another. But for the options on bonds (beside corporate bonds), investor can consider SGS T-bills or Singapore Saving Bonds (SSB).
T-bill is started to get notice by the investors nowadays because of its shorter duration to maturity, as SSB can take as long as 10 years to mature with interest that increases over the bond duration. However, investors need to take note that the rate of return for T-bills will only be made known to successful bidders after the auction, whereas the SSB will lay out all details for investor to consider ahead of the application period starts.
Ref link: https://www.mas.gov.sg/bonds-and-bills
📍Economic Calendar: 26th-30th Sept📍
Singapore
(Mon, 26 Sept 2022)
Industrial Production Aug
(Thu, 29 Sept 2022)
URA Property Index Q3, Bank Lending
United States
(Tue - Wed, 27 - 28 Sept 2022)
Federal Reserve Chair Jerome Powell will speak
(Tue, 27 Sept 2022)
Core Durable Goods Orders Aug, CB Consumer Confidence Sep, New Home Sales Aug
(Wed, 28 Sept 2022)
Goods Trade Balance Aug, Pending Home Sales Aug, Crude Oil Inventories (Thu, 29 Sept 2022)
GDP Q2, Initial Jobless Claims
(Fri, 30 Sept 2022)
Core PCE Price Index Aug, Personal Spending Aug, Michigan Consumer Sentiment Sep
China
(Mon, 26 Sept 2022)
China Industrial Profit Aug
(Thu, 29 Sept 2022)
Non-Manufacturing / Manufacturing PMI Sep, Caixin Manufacturing PMI Sep
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Last Week Economic Data Review :
Singapore
SG's Core CPI YoY Aug, Previous: 4.8%... Actual: 5.1%
SG's CPI (YoY), Previous: 7.0%... Actual: 7.5% ⬆️
United States
USD's Building Permits MoM Aug, Previous: -0.6%... Actual: -10.0% ⬇️
USD's Housing Starts Aug, Previous: 1.404M... Actual 1.575M ⬆️
-> The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve.
USD's Existing Home Sales Aug, Prev: 4.82M... Actual: 4.80M
USD's Crude Oil Inventories, Prev: 2.442M... Actual: 1.142M
USD's Fed Interest Rate Decision, Prev: 2.5%... Actual: 3.25% ⬆️
USD's Initial Jobless Claims, Prev: 208K... Actual: 213K ⬆️
Hong Kong
HKD's Interest Rate Decision MoM, Previous: 2.75%... Actual: 3.50% ⬆️
"The way I see it, if you want the rainbow, you gotta put up with the rain."
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Other Focus (Highlights of Results / Corporate Actions):
💡 SGX <Analyst Research>
Other extracted news:
SATS Said in Talks to Buy $3 Billion Worldwide Flight Services
IHH Healthcare says no wrongdoing found in Fortis investment
Union Steel Holdings signs non-binding term sheet to dispose of subsidiary for $3 mil
Singapore's manufacturing output moderates further to 0.5% in August
Sheng Siong's CFO resignation a 'surprise', no 'potential red flags' at this point: DBS
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SGX & Other Newsfeed
📈 10 Consumer Plays that Averaged 11% YTD Gains on S$377M Net Fund Inflows
Singapore's 5 most traded consumer cyclical stocks have seen S$279m in combined YTD net fund flow, with Jardine Cycle & Carriage seeing the highest inflow. The 4 consumer cyclical stocks that have been listed for the duration have, on average, been 20% more volatile than the broader market over the past 5 years.
Singapore's five most traded consumer non-cyclical stocks averaged 3% YTD price gains, with S$98m in combined net fund flow, while maintaining 20% less volatility than the broader market over the past 5 years.
Read more: bit.ly/3eS59Ky
Daily Momentum Report as of 23 Sep 2022
A consolidated view of top 10 stocks with momentum in prices and/or volume.
Read report: bit.ly/3BKldWB
SGX Research - SREITs & Property Trusts Chartbook - September 2022
📊 S-REITs ended August 2022 with -2.8% in total returns and continues to be one of the most resilient REIT markets globally. The sector performance was led by trusts within the data centre, industrial and diversified sub-segments, averaging 12%, 8.2% and 4% respectively in total returns from Q3 2022-to-date (11 Aug).
Full report: bit.ly/3BIxKtO
📈 [REIT Watch on The Business Times - S-Reit ETFs continue to see inflows, doubling AUM in 2 years]
The combined AUM of the 5 Reit ETFs listed on the SGX has doubled in 2 years, exceeding S$900m (Sep 2022), and representing over half the S$1.7b combined AUM of Reit ETFs in Asia-Pacific ex-Japan globally.
The 5 Reit ETFs (by size) are NikkoAM-StraitsTrading Asia Ex Japan Reit ETF, Lion-Phillip S-Reit ETF, UOB Asia-Pacific Green Reit ETF, CSOP iEdge S-Reit Leaders ETF, and Phillip SGX APAC Dividend Leaders Reit ETF.
Lion-Phillip S-Reit ETF is best performing in 8M22, with total returns of -3.5% and dividend yield of 5%. This compares with FTSE EPRA Nareit Developed Index which posted a decline of 18.5%.
Read full article: bit.ly/3LHm0My
Closing
With the rising interest rate, I believed investors are getting more more risk-averse with the current economic situation, would seriously consider to park their money in fixed deposit with the bank to earn higher interest. And now, you may consider to earn a higher interest return with the idle cash that standby inside your trading account while awaiting for trading opportunities... Try our Phillip Money Market Fund SGD : 1.6439% p.a.
USD : 1.5506% p.a.
Rates updated as of 25 September 2022
CASH PLUS Promotion:
Low-commission trading account is available... and check out for Promotion Details
(Waived for US and HK Foreign Custody fee until 31 December 2022.)
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