In this week's market update, we observed a declining market, drop, however, our investment team advise you to stay in the market. In other news, cryptocurrency has been volatile and China's economy has been crashing.
With Singapore’s headline inflation rising to 5.4% in March 2022 – the fastest in the last 10 years – it has left many investors concerned about the impact of inflation on their investments.
In this week's market update, we saw the Fed give one of the biggest interest rate increases to combat rising inflation and China foreshadows a bleak job market amidst the battle against covid resurgence.
In this week’s market insights, we noted that inflation hit a decade high in Singapore. Also in China, Covid-19 has worsened, speculating fears of a potential lockdown in the Capital. In addition, Russia cuts off gas supplies, causing a standoff between Moscow and European energy supplies.
In this week's market updates, gloomy market outlooks over Netflix share prices dipping after losing its subscribers and dim global growth forecast as the Russia and Ukraine war continues.