The Singapore stock market rebounded on Friday, one day after ending the two-day winning streak in which it had gained more than 60 points or 1.2 percent. The Straits Times Index now rests just beneath the 4,900-point plateau although it's expected to open to the downside on Monday.
The global forecast for the Asian markets continues to be negative thanks to the conflict in the Middle East and the resulting surge in oil prices. The European and U.S. markets were down and the Asian bourses are expected 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.