The Week In Numbers: Lower and Lower

The US stock market has plunged to a two-year low following significant losses in oil and financial shares.

Market experts are looking increasingly confused as to why stock markets are falling. Some reckon it could be low oil prices. Others say it is weakness in banks, while others talk about the global slowdown. Why can’t they just admit they don’t know, rather than make it up as they go along?

Singapore shares have not escaped the stock market rout. Curiously, though, the falls do not reflect events at the corporate profit level. Some 43 Singapore-listed companies have recently released full-year results. Those companies reported combined full-year profits of S$4.8 billion, which is a 135% rise from a year ago.

The stock market selloff has sent investors scurrying into the yen. The Japanese currency is now at a 15-month high against the US dollar, which was only until fairly recently said to be a darling of foreign-currency traders. It seems that the Bank of Japan’s attempt to weaken the yen through the imposition of negative interest rates has backfired.

Nervous investors are also piling into Singapore government bonds, which are also seen as another safe haven. The yield on 10-year Singapore bonds has fallen below 2%. Currently they yield 1.95%, which is a far cry from the 2.26% just two weeks’ ago.

And finally, you could be the proud owner of the studios where James Bond movies are filmed, if you happen to have £250 million of spare change lying around. Pinewood Studios is looking to put itself up for sale to “fully realise the company’s future potential”. Very interesting, Mr. Bond.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.