The Singapore stock market on Monday snapped the two-day slide in which it had slipped almost 15 points or 0.5 percent. The Straits Times Index now sits just beneath the 3,135-point plateau and it's expected to extend its gains om Tuesday.
The global forecast for the Asian markets is cautiously optimistic, supported by oil and technology shares - while concerns over the surging Omicron variant of the coronavirus is likely to cap the upside. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to split the difference.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.