The Week In Numbers: Dow At 20,000

The Dow Jones Industrial Index broke through 20,000 point for the first time. It seems that markets are optimistic that President Donald Trump’s pro-growth policies could filter through to corporate earnings. They might even be inflationary.

The Straits Times Index (SGX: ^STI) has rallied too. The Singapore benchmark index smashed through 3,000 points, with oil services companies at the head of the pack. Keppel Corporation (SGX: BN4) and Sembcorp Marine (SGX: S51) are up by more than 10% this year.

Donald Trump has formally withdrawn the US from the 12- country Trans Pacific Partnership. The Pacific Rim free-trade agreement would have accounted for nearly 40% of global trade. But the withdrawal means that the US could be shielded from cheap imports.

Singapore has improved one place to Number 7 in the ranking of the world’s least corrupt countries. It is the highest-ranking Asian country. The least corrupt countries in the world are Denmark and New Zealand, which are joint top.

And finally, many of President Donald Trump’s supporters have been sporting baseball caps emblazoned with the “Make America Great Again” logo. The caps can cost as little as $20 from street vendors. But a quick inspection of the label revealed that the headgear was made in Vietnam and China, rather than America.

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