(RTTNews) – Singapore’s inventory market has risen in two consecutive sessions, garnering nearly 10 issues or 0.4% along the way. The Straits Times Index is now slightly below the plateau of 2540 points and could increase its gains on Thursday.
Global forecasts for Asian markets are positive for optimism about a global recovery, despite an increasing number of coronavirus cases.European and US markets were particularly higher and Asian stock markets are also expected to open in green.
ITS finished slightly higher on Wednesday, as gains in commercial and generation stocks were constrained by weakness in the real estate sector.
For the day, the index rose 1.39 issues or 0.05% to close in 2539.94 after trading between 2525.45 and 2546.55.Singapore’s share volume is $1.66 billion.
The Wall Street advantage was forged when stocks rose on Wednesday, extending the gains of the previous session.
The Dow Jones rose 454.84 points, or 1.59%, to close at 29,100.50, while the NASDAQ rose 116.78 points, or 0.98%, to close in 12056.44 and the S
Wall Street’s continued strength reflects the recent upward momentum, which has driven stocks upwards in recent weeks.
Traders continue to express optimism about the economy’s recovery from the coronavirus-induced slowdown, some analysts have warned that markets may succeed.
Crude oil futures fell sharply wednesday due to considerations of declining gas demand and knowledge that appears to increase oil production through OPEC members. West Texas Intermediate crude oil futures for October closed with a drop of $1.25, or 2.9 percent, to $41.51 a barrel.