The US Fed decision to keep interest rates steady at the conclusion of its two-day policy meeting this week has moved markets around the world. How have Singapore shares and banks reacted to the latest pause?

On the economic front - Singapore’s non-oil domestic exports were down a surprising 14.7 per cent in May, a steeper slide than April’s 9.8 per cent contraction. What can we make of these numbers?

Meanwhile, private sector economists have downgraded their full-year economic growth forecast for Singapore to 1.4 per cent this year in a quarterly survey. Was this expected?

On Market Wrap, Hongbin Jeong speaks to Candace Li, Research Analyst, SGX, to find out more. 

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