Markets Jittery, Singapore Banks Gain, Oil Prices Surge
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Markets worldwide, particularly in Europe and Asia, are experiencing volatility due to the Middle East conflict and President Trumps tough stance on Iran. Oil prices surged, causing European stocks to drop, with Germanys DAX and Londons FTSE 100 leading the decline. Singapore banks, however, are benefiting from regional investors parking cash in stable hubs like DBS and OCBC. Analysts maintain an overweight rating on the sector, with DBS as the top pick. Investors are cautious, taking profits ahead of the Easter weekend, and Australias ASX 200 fell in response. Thailands banks are facing profit drops due to soaring oil costs. In Japan, government bonds fell on inflation fears, while China appears more resilient. As volatility persists into the holiday, all eyes are on weekend developments that could further impact oil and safe-haven flows.
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