Market View: Minutes from Fed’s December meeting and JOLTS – when will the first rate cut come; S$250m Seatrium contract cancelled; China’s fiscal spending to rise; Japanese markets kicks off 2024 sharply lower; Amazon’s video ad push to generate extra US$5b revenue; Mark Zuckerberg sold nearly half a billion US dollars of Meta shares

Your Way Home with Hongbin Jeong · Jan 4, 2024 · 12m

Singapore stocks opened muted today after global markets continued to retreat in the second trading day of the year. In early trade, the Straits Times Index edged up 0.03 per cent to 3,200.24 points after 55.7 million securities changed hands in the broader market. In terms of companies to watch, we have Seatrium, after its contract for a 1,260 megawatt offshore substation platform, valued at over S$250 million was cancelled. Elsewhere, from minutes of the Federal Reserve’s December meeting to China’s fiscal spending and the Japanese market’s performance on its first day of trade this year…