Market View: Seatrium’s green trade finance facility worth S$1.1b; China’s June exports down 12.4% yoy; McDonald’s China owners planning US$4b exit; US June inflation lowest since March 2021 US Q2 earnings; PepsiCo and Delta Air Lines; S&P closing at highest level since April 2022

Your Way Home with Hongbin Jeong · Jul 13, 2023 · 13m

Singapore shares opened stronger today following overnight gains in the global market. This comes as the easing of US inflation data stoked optimism of the Federal Reserve ending its interest rate hiking cycle soon. In early trade, the Straits Times Index (STI) was up 1 per cent to 3,207.5 points after 114.5 million securities changed hands in the broader market. In terms of companies to watch, we have Seatrium, after the offshore and marine engineering player obtained a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to fund its…