What’s moving in the markets - 12 Mar
Daily Sprout 🌱 (12 Mar)
The S&P 500 closed lower as investors await the latest consumer price index (CPI) data to get an indication of the Fed’s interest rate direction.
STI ⬇️ 0.28% HSI ⬆️ 1.43% NKY ⬇️ 2.19%
S&P 500 ⬇️ 0.11% Nasdaq ⬇️ 0.41% DJIA ⬆️ 0.12%
What's Sprouting
🌱SGX reported a total securities turnover value of $25.03 billion in February 2024, 22% higher compared to the previous month despite fewer trading days. Retail led the jump in activity, with the number of retail accounts that traded rising 34% month-on-month at a 12-month high.
🌱Keppel announced that it has signed a memorandum of understanding (MOU) with Mitsui Fudosan to jointly explore data centre development and investment opportunities in Japan and Southeast Asia.
🌱 JPMorgan CEO Jamie Dimon warns that the prospect of a recession in the US is ‘not off the table’ yet, but the Fed should wait before it cuts interest rates.
Source: SGX, Bloomberg
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