S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Commerzbank highlights that strong Singapore manufacturing and electronics PMIs underpin a constructive growth outlook, with Q2 GDP expected to exceed Q1’s 6% expansion. Against this backdrop, USD/SGD has eased slightly but remains near this year’s highs. The bank expects the pair to consolidate in a defined range rather than trend strongly in the near term.
Range-bound outlook for USD/SGD
“Looking ahead, the manufacturing outlook remains constructive.”
“We will get the advance Q2 GDP report in the next week or so.”
“It is expected to post a strong performance and even exceed Q1’s 6% yoy expansion, supported by a strong manufacturing sector and continued firm domestic demand.”
“Growth this year is likely to exceed the upper end of the government’s 2-4% forecast, and the official forecast may be revised up when the final Q2 report is released around August.”
“For USD/SGD, it was slightly lower yesterday by around 30 pips to 1.2930. It is holding around this year’s high, and we look for consolidation in the near term between 1.28 and 1.30.”
Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service
