Latest / Your Way Home with Hongbin Jeong
Market View: US consumer inflation tops forecasts – Trump blames Biden for the unexpected acceleration; Singapore’s median household employment income up 1.4% in real terms in 2024; OpenAI plans to simplify AI products; Seatrium jumps after MOU with BP; Jolibee shares jump and more
Singapore equities began the day in the negative territory, following mixed performance overnight in the US and Europe. In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,869.64 points after 52.1 million securities changed hands in the broader market. In terms of companies to watch, we have Seatrium after the offshore and marine specialist inked a memorandum of understanding (MOU) with BP Exploration & Production for a deepwater floating production unit (FPU). Elsewhere, from US consumer inflation increasing more than expected in January, to OpenAI simplifying its AI…
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