Ahead of Monday's holiday for Eid-al-Adha, the Singapore stock market had turned lower again - one day after ending the four-day slide in which it had slumped almost 25 points or 0.7 percent. The Straits Time Index now rests just shy of the 3,300-point plateau, although it's expected to open in the green again on Tuesday.
The global forecast for the Asian markets is generally positive on optimism over the outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
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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.