Daily Morning Note | November 24, 2021
The Straits Times Index (STI) fell 0.3 per cent or 9.55 points to close at 3,227.53 points on Tuesday (Nov 23), as sentiment wavered due to a faster-than-expected rise in Singapore's headline inflation. The consumer price index (CPI) jumped 3.2 per cent year on year in October - crossing the 3 per cent mark for the first time since March 2013. This was higher than the Bloomberg median forecast of a 2.9 per cent increase.
The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.