The Singapore stock market on Friday snapped the three-day winning streak in which it had collected more than 20 points or 0.6 percent. The Straits Times Index sits just beneath the 3,430-point plateau and it may extend its losses on Monday.
The global forecast for the Asian markets is negative due to the ongoing uncertainty created by fears that Russia will imminently invade Ukraine. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.