(RTTNews) - The Singapore stock market has risen for three consecutive sessions, accumulating more than 20 points or 0.4 percent along the way. The Straits Times Index is now just below the 4,310 point level and is expected to open stronger again on Tuesday.

Global estimates for the Asian market are optimistic regarding interest rate prospects. The European and US markets are slightly higher, and Asian exchanges are expected to follow that trend.

STI closed slightly higher on Monday after mixed performance from financial stocks, property stocks, and industrial issues.

Throughout the day, the index rose 1.44 points or 0.03 percent to close at 4,308.52 after trading between 4,296.13 and 4,319.06.

Among the active stocks, CapitaLand Ascendas REIT and Frasers Logistics & Commercial Trust both strengthened by 1.08 percent, while CapitaLand Integrated Commercial Trust surged by 1.33 percent, CapitaLand Investment increased by 0.72 percent, City Developments advanced by 1.05 percent, Comfort DelGro jumped by 1.36 percent, Gate accumulated by 0.08 percent, DFI Retail Group fell by 0.60 percent, Hongkong Land dropped by 0.94 percent, Keppel DC REIT rose by 0.86 percent, Keppel Ltd increased by 0.12 percent, Mapletree Pan Asia Commercial Trust boosted by 1.44 percent, Mapletree Industrial Trust improved by 0.96 percent, Mapletree Logistics Trust surged by 1.63 percent, Gate weakened by 0.18 percent, SATS rose by 0.61 percent, Seatrium Limited lost 0.42 percent, SembCorp Industries increased by 0.49 percent, Singapore Technologies Engineering strengthened by 0.25 percent, SingTel plummeted by 1.37 percent, Thai Beverage rose by 1.06 percent, Gate fell by 0.53 percent, UOL Group accumulated by 0.27 percent, Wilmar International dropped by 0.34 percent, Yangzijiang Financial surged by 3.81 percent, Yangzijiang Shipbuilding skyrocketed by 2.26 percent and Genting Singapore remained unchanged.

The trend from Wall Street is quite optimistic as the major indices opened mixed on Monday but all closed with moderate rises.

The Dow rose 114.09 points or 0.25 percent to close at 45,514.95, while the NASDAQ advanced 98.31 points or 0.45 percent to close at 21,798.70 and the S&P 500 increased 13.65 points or 0.21 percent to end at 6,495.15.

Strength on Wall Street reflects optimism about interest rate prospects following weaker-than-expected U.S. employment data last Friday.

After the release of closely monitored reports indicating that job growth was much lower than expected in August, the CME Group's FedWatch Tool currently shows a 90.2 percent chance that The Fed will lower interest rates by a quarter point at the end of this month.

However, overall trading activity is subdued as traders await the release of consumer and producer price inflation later this week, which could also impact interest rate prospects.

Crude oil prices rose on Monday due to looming sanctions against Russia related to its oil exports, although the increase was capped by OPEC's decision on Sunday to boost production. West Texas Intermediate crude for October delivery rose $0.53 or 0.86 percent to $62.40 per barrel.