0141 GMT - Singapore's FTSE Straits Times Index could trend sideways in the near term, say DBS Group Research analysts in a note. The market's focus is on the domestic corporate results season and U.S. President Trump's next policy actions, they write. The upcoming Singapore budget later this month is unlikely to "move the needle significantly" for stocks on the benchmark index, the analysts say. Singapore's equity market performance also isn't expected to be influenced by the city-state's general election due later this year, they add. DBS maintains its STI year-end target of 3950. The STI is flat at 3824.04. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 04, 2025 20:41 ET (01:41 GMT)
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