Good morning and welcome to Markets Desk.
Singapore equities are looking to build on Friday's recovery, with the Straits Times Index snapping a four-session losing streak that had carved out roughly one hundred ten points, or about three point four percent. The index is now sitting just under the five thousand seven hundred level, and early sentiment suggests buyers may return Monday.
Turning to crypto, spot Bitcoin ETFs are drawing renewed attention after pulling in approximately three point five billion dollars in August inflows. Products like IBIT and BITB rode a broader Bitcoin rally, though traders are keeping one eye on Federal Reserve rate decisions and the direction of bond yields, both of which could shift momentum quickly in either direction.
And on the streaming front, Netflix shares remain well off their all-time highs, having shed more than forty percent from peak levels. But some analysts are making a longer-term case for the stock, arguing that subscriber growth, ad-supported tier expansion, and pricing power position NFLX for a meaningful recovery well before the end of the decade.
That's the tape. Markets Desk, signing off the floor.
