Ahead of Thursday's Labor Day holiday, the Singapore stock market had ended the four-day losing streak in which it had slumped more than 25 points or 0.7 percent. The Straits Times Index now sits just above the 3,830-point plateau and it's likely to open to the upside again on Friday.
The global forecast for the Asian markets is upbeat, with support expected from the oil and technology companies in particular. The European and U.S. markets were up and the Asian markets are expected to follow that 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.