🦎 IGGY MORNING BRIEF — 01 Apr 2026

🌏 OVERNIGHT SCORECARD: Wall Street shot higher as the Dow jumped roughly 1,000 points, or about 2.2%, with S&P 500 and Nasdaq also up sharply on hopes of a Middle East peace plan and easing geopolitical tension. STI is opening higher regionally, tracking the risk‑on mood.

⚡️ WHAT'S DRIVING IT

1. Talks of a peace plan in the Middle East have lifted sentiment and eased oil‑price fears, which had been pressuring inflation and bond yields over recent weeks.

2. The big Dow surge is heavily weighted to mega‑cap tech and banks, so the move is more about positioning and headlines than a broad‑based balance‑sheet upgrade across the market.

🇸🇬 WHAT THIS MEANS FOR SGX TODAY

⚠️ REITs + high‑yield names: If peace talks hold and oil steps back, bond yields may soften, which can be supportive for REITs — but only those with gearing under 35% and ICR above 4x truly qualify as Sanctuaries.

✅ Local banks + quality blue‑chips: DBS, UOB, OCBC and other STI leaders can benefit from lower risk‑off pressure and a steadier macro backdrop, assuming the peace‑deal narrative doesn’t collapse mid‑week.