Market Journal
At a press conference of the Federal Open Market Committee (FOMC) on 26 January 2022, Federal Reserve Chairman Jerome Powell said that although the Committee will continue to maintain the policy interest rate, otherwise known as the Federal Funds Rate, between zero and a quarter of a percent, he strongly hinted at the Committee’s intention…Read More
At the December Federal Reserve meeting, members finally realised that the inflation in the economy was no longer transitory an acknowledged that prices were increasing rapidly. So, in order to control inflation in the economy, the Fed signalled that it could raise interest rates soon with a possibility of three rate hikes in 2022. With…Read More
An Initial Public Offering (IPO) is the process of a private company going public through the sale of its shares on a stock exchange1. In 2021, excluding Special Purpose Acquisition Companies (SPACs), there were a total of 2,097 IPOs2 in the US. The IPOs in 2021 raised US$402 billion in the US, which is 81%…Read More
Here are some of the most popular US stocks – not in any order of ranking – traded by POEMS customers in February. News headlines in February at a glance Russia invades Ukraine leading to a market selloff Gold reaches 15-month high 5.7% annualised GDP growth is the fastest since 1984 The three US major…Read More
The escalation of the conflict between Russia and Ukraine continues. This has led Western leaders to impose sanctions on Russia. As the conflict rages on, it has created several implications to the global markets. Impact on global Indices Risky assets such as stocks tend to retreat when geopolitical crises dominate the headlines. Due to the…Read More
Quantitative easing, or QE, is an unconventional monetary policy to spur economic growth. It was first introduced by Bank of Japan, or BOJ, in 2001. BOJ used QE to fight deflationary pressure in the economy given the fact that conventional monetary policy of lowering interest rate did not work as BOJ had maintained the short-term…Read More
World Wildlife Day will be celebrated on 3 March 2022. This year’s theme is “Recovering key species for ecosystem restoration”.1 The aim of this year’s event is to draw attention to the conservation status of some of the most critically endangered species of wild fauna and flora, and to drive discussions towards imagining and implementing…Read More
A turbulent start of 2022 January has been a rather turbulent month, with most equity indices closing negative even after a strong rebound in the last two days. This was mainly attributed to the rising inflation and the concerns over the Russia-Ukraine conflict. In this article, we will be focusing on the inflationary environment that…Read More
Many couples today choose to remain as permanent life partners without the legal formality of “tying the knot”. Here, we explore the implications of their choices in terms of financial planning. Here are 3 areas we will look at: 1. Acquiring of Real Estate In land-scarce Singapore where living expenses are relatively high, securing a…Read More
Let us look at the current global economic and political landscape that may have bearings on the future price trajectory of gold. We have witnessed the stock market exhibiting heightened volatility with the US inflation hitting a 40-year high of 7.5% in January 2022 compared to a year earlier; this has inevitably raised the expectations…Read More
