Market View: Investors react after US Feb CPI rose 0.4% mom; Private sector economists raised forecast for Singapore’s 2024 growth; Bitcoin around US$72,000; OKX’s in-principle approval in Singapore; Sports, music lessons see drop in demand in China, Cathay Pacific’s first annual net profit in 4 years; Toyota to raise wages

Your Way Home with Hongbin Jeong · Mar 13, 2024 · 12m

Singapore stocks rose this morning, mirroring overnight gains in US and European markets following the release of Federal Reserve inflation data. In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,149 points after 36 million securities changed hands in the broader market. Singapore’ growth numbers are in focus today after private economists marginally raised their forecast for Singapore’s 2024 economic growth to 2.4 per cent in the latest quarterly survey of professional forecasters published by the Monetary Authority of Singapore (MAS) Elsewhere, from a closer look at US…