Disinflation and improving labor markets may boost spending on discretionary items such as electronics and furniture.
Singapore is expected to benefit from easing inflation and reduced monetary policy pressures, with inflation levels projected to stabilize at approximately 2-3%, Mastercard said.
According to its report, Mastercard noted that disinflation and improving labor markets are predicted to boost spending on discretionary items such as electronics and furniture. Experiences like major events and travel continue to be prioritized by consumers.
Travel recovery remains robust but below pre-pandemic levels, with consumers favoring affordable alternatives for experiences and destinations.
Mastercard also noted that as global policies evolve, potential trade disruptions and shifts in monetary strategies in major economies may influence Singapore's economic trajectory.
Additionally, the report emphasized trends in pricing, migration, and gender-focused labor participation ("SHEconomy"), which could shape consumer behaviors and economic strategies in Singapore.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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