Singapore Shares See Muted Opening as Investors Await Cues from US Fed on Interest Rates
MT Newswires
Aug 28
Singapore shares opened nearly flat on Friday as investors held their positions ahead of the Federal Reserve Chair Kevin Warsh's speech later in the day.
The Straits Times Index (STI) showed marginal gains of 0.26 points to open at 5,684.380.
Investors are closely analyzing the Fed Chair's speech for guidance on the timing and trajectory of future interest rate cuts, as policymakers weigh persistent inflation pressures against signs of slowing economic growth.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.