Five things that happened in the markets today

SINGAPORE (Feb 8):

1. The Straits Times Index dipped slightly after hitting a new 52-week high of 3,071.64 on Tuesday. The top gainers on Wednesday were ComfortDelgro, Yangzijiang Shipbuilding, Thai Beverage and Singapore Airlines. Among the laggards were SATS, Keppel Corporation, ST Engineering and UOL.

2. The euro is falling. It's now 1.07 vs the USD, 1.51 vs the SGD and 4.74 vs the ringgit. This is because Marine Le Pen, French presidential candidate from the far-right National Front, is gaining in the polls. If she is elected, France could follow the UK and pull out of the EU. Remember that the pound fell as much as 15% after the Brexit vote in June 2016. The French election will be held on April 23.

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