(RTTNews) – Singapore’s inventory market has increased on consecutive business days, accumulating about a dozen emissions or 0.5% along the way. The Straits Times index is now just below the 2540-point plateau and may continue its winning streak on Tuesday.
Global forecasts for Asian markets are positive about emerging oil and continued optimism for coronavirus treatment. European and US markets have risen and Asian stock markets are now expected to open in the same way.
ItsS closed up on monday after profits on homes and commercial products, while monetary values were mixed.
For the day, the index added 10.07 emissions or 0.40% to finish at 2,537.56 after trading between 2,526.51 and 2,544.21. The volume of 2.38 billion shares is worth S$1.1 billion. There were 251 winners and 191 degraded.
Wall Street’s advantage was broadly positive as the stocks opened up on Monday and remained firmly green during the session, sending the NASDAQ and S-P 500 to new final highs.
The Dow Jones up 378.13 points, or 1.35%, to close at 28308.46, while the NASDAQ complex 67.92 points, or 0.60%, to close at 11379.72 and the S-P complex 500 34.12 points, or 1.00%, to close at 3,431.28.
The force on Wall Street came here after a new optimism on the coronavirus front after Food and Drug issued an emergency authorization for experimental convalescent plasma for the COVID-19 remedy in hospitalized patients.
Adding to positive sentiment, a Financial Times report said the Trump administration is contemplating accelerating an experimental vaccine against UK coronavirus for use in the US before the presidential election.
Oil rose on Monday as the risk of hurricanes in the Caribbean and the Gulf of Mexico halted oil production. West Texas Intermediate (WTI) crude oil futures rose 31 cents, or 0.72% to $42.58 a barrel.