8May

Singapore Stocks Market Report on 8 May 2017

Singapore stock market opens 0.21% higher on Monday, Singapore shares opened higher on Monday (May 8), with the benchmark Straits Times Index at 3,236.42 in early trade, up 0.21 percent, or 6.69 points.

Around 89.5 million shares exchanged hands.Gainers beat losers 96 to 45.SGX

 

The maintainability of the US recovery

The US is headed for recovery. Simply a week ago, the US detailed that its jobless rate dropped to 4.4% in April, a 10-year low. Numerous speculators are hopeful as found in the solid execution of the US securities exchange lately. Be that as it may, with positive thinking possibly comes avarice and presumptuousness. On the off chance that the US economy is to face a few headwinds ahead, it could influence most nations, including Singapore.

Singapore’s port and the oil and gas industryoil-industry

Head administrator Lee Hsien Loong said in a current discourse that the ocean is the life saver of Singapore. Also, two of the most critical ventures that are associated with the ocean for Singapore are its ports and the oil and gas industry. The Garden City has one of the most noteworthy exchange to GDP proportions on the planet, and the oil and gas industry contributed 5% to the economy in 2007.

However, these two zones could be under risk for Singapore on account of advancements in Malaysia.

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