Dear readers, we are already in the second week of December for Year 2019. Soon, we will be ushering in a brand new year. Will Singapore stocks rally in the so-called Santa Claus rally for the coming weeks of December to close off the trading year 2019 with a high?
As highlighted in a recent post, for the year-to-date versus Year 2018, the gains by Singapore stocks have been rather modest. Singapore Straits Times Index managed to close a bit higher yesterday by 0.69% and that brings the year-to-date gain for Singapore stocks versus Year 2018 to 4.10%. Though the gain for the Singapore stocks have been modest, the performance still is better than some of the regional stocks like Malaysia and Hong Kong. Nevertheless, US stocks have performed great this year with the year-to-date gains at over 20% on average.
Yesterday, it was reported that Singapore’s unemployment rate inches up to 2.3% and going forward I believe investors will continue to keep close tabs on the Singapore economy and as well as the general macro outlook.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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