Market View: If US job data solidifies a September rate cut, can markets rally for the rest of the year?

Singapore shares ended the day in negative territory. The STI closed down 0.85% at 3,410 points. Across the broader market, losers outnumbered gainers 296 to 257 after 1.07 billion securities worth S$812.29 million changed hands. Singtel shares was actively traded today, after hitting a high of $2.90. Despite some selling mood today, can Singtel shares move up another level? Meanwhile, in global markets, global equities are scaling record highs, as traders turn their attention toward Friday’s crucial US jobs data. So what can we expect from the data? If the data solidifies that we can be hopeful for a September rate cut - can markets continue on this rally for the rest of the year?  On Market View, Hongbin Jeong speaks to Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS, to find out more. See omnystudio.com/listener for privacy information.