Weekly Market Update
(Week ending 25 Aug 2023)
⭕️ At the Jackson Hole Economic Symposium, US Fed Chair Jerome Powell indicated readiness to raise rates to counter persistent inflation, emphasizing the need for sustained below-trend economic growth and labor market changes to bring inflation back to 2%, while reaffirming data-driven monetary policy ahead.
⭕️ Japanese equities surged as positive economic data emerged, with Manufacturing PMI reaching 49.7 and Services PMI hitting 54.3, marking the 12th consecutive month of service sector growth and the fastest pace since May.
⭕️ Eurozone output contracted significantly As per the HCOB Eurozone, Composite PMI declining to 47 in August 2023, with Manufacturing PMI slightly improving but remaining in contraction at 43.7, and Services PMI sharply dropping to 48.3, marking the first contraction in services activity since late 2022.
.
.
.
Stay ahead of inflation with these [2 Rules]:
🔪 Keep Sharpening your Skills
💰 Acquire Assets, not Liabilities
(Week ending 25 Aug 2023)
⭕️ At the Jackson Hole Economic Symposium, US Fed Chair Jerome Powell indicated readiness to raise rates to counter persistent inflation, emphasizing the need for sustained below-trend economic growth and labor market changes to bring inflation back to 2%, while reaffirming data-driven monetary policy ahead.
⭕️ Japanese equities surged as positive economic data emerged, with Manufacturing PMI reaching 49.7 and Services PMI hitting 54.3, marking the 12th consecutive month of service sector growth and the fastest pace since May.
⭕️ Eurozone output contracted significantly As per the HCOB Eurozone, Composite PMI declining to 47 in August 2023, with Manufacturing PMI slightly improving but remaining in contraction at 43.7, and Services PMI sharply dropping to 48.3, marking the first contraction in services activity since late 2022.
.
.
.
Stay ahead of inflation with these [2 Rules]:
🔪 Keep Sharpening your Skills
💰 Acquire Assets, not Liabilities
LIGHTENING THE LOAD FOR A FAMILY CAREGIVER
🌟 Imagine a time when you or your loved one might need extra help due to health challenges or aging. It's a natural part of life, and being prepared can make a world of difference.
🤝 Long-Term Care acts like a safety net, providing support for daily activities and medical needs. Whether it's getting help at home, finding a caring community, or securing your future, we're here to support you every step of the way.
💡 But Long-Term Care is more than just healthcare; it's about the impact it can have on your family and finances. It's about "LIGHTENING THE LOAD FOR A FAMILY CAREGIVER."
🏙 Singapore offers unique advantages! Have you heard about the CareShield Life Scheme, jointly administered by CPF & MOH? It's mandatory for all Singaporeans & PRs above 30!
🛡 CareShield Life is a long-term care insurance scheme that provides basic financial support, starting from S$600/month, should Singaporeans/PRs become severely disabled, for lifetime.
❤️ Caregivers often spend S$900 to S$4000/month on long-term care. What's your plan?
💰 S$4000/mth (long-term care needs) Vs S$600/mth (basic support from CareShield Life)
💭 Are you financially prepared for such an event? No worries! You can bridge the gap with Supplement Plans that enhance your CareShield Life coverage. These plans offer higher payouts and can be paid using Cash or MediSave, up to $600/year.
💌 Drop me a message, and I'd love to share more insights on how the Long-Term Care Scheme can truly make a difference. Let's make sure you're prepared for whatever comes your way.
.
.
.
More insights: https://www.channelnewsasia.com/brandstudio/careshieldlife/caregivers
🌟 Imagine a time when you or your loved one might need extra help due to health challenges or aging. It's a natural part of life, and being prepared can make a world of difference.
🤝 Long-Term Care acts like a safety net, providing support for daily activities and medical needs. Whether it's getting help at home, finding a caring community, or securing your future, we're here to support you every step of the way.
💡 But Long-Term Care is more than just healthcare; it's about the impact it can have on your family and finances. It's about "LIGHTENING THE LOAD FOR A FAMILY CAREGIVER."
🏙 Singapore offers unique advantages! Have you heard about the CareShield Life Scheme, jointly administered by CPF & MOH? It's mandatory for all Singaporeans & PRs above 30!
🛡 CareShield Life is a long-term care insurance scheme that provides basic financial support, starting from S$600/month, should Singaporeans/PRs become severely disabled, for lifetime.
❤️ Caregivers often spend S$900 to S$4000/month on long-term care. What's your plan?
💰 S$4000/mth (long-term care needs) Vs S$600/mth (basic support from CareShield Life)
💭 Are you financially prepared for such an event? No worries! You can bridge the gap with Supplement Plans that enhance your CareShield Life coverage. These plans offer higher payouts and can be paid using Cash or MediSave, up to $600/year.
💌 Drop me a message, and I'd love to share more insights on how the Long-Term Care Scheme can truly make a difference. Let's make sure you're prepared for whatever comes your way.
.
.
.
More insights: https://www.channelnewsasia.com/brandstudio/careshieldlife/caregivers
🔊 iFAST Cash Account interest rates have INCREASED again! 🚀
A fuss-free option to park your monies while accruing attractive interest? YES PLEASE!
The latest iFAST Cash Account interest rates (as of 4 Sept 2023):
🇸🇬SGD - 2.00%
🇺🇸USD - 2.50%
🇭🇰HKD - 2.00%
🇬🇧GBP - 3.00%
etc.
❌ Lock-In Period
❌ Fall Below Fee
❌ Minimum Balance
A fuss-free option to park your monies while accruing attractive interest? YES PLEASE!
The latest iFAST Cash Account interest rates (as of 4 Sept 2023):
🇸🇬SGD - 2.00%
🇺🇸USD - 2.50%
🇭🇰HKD - 2.00%
🇬🇧GBP - 3.00%
etc.
❌ Lock-In Period
❌ Fall Below Fee
❌ Minimum Balance