Latest / Your Way Home with Hongbin Jeong
Market View: Clues from latest FOMC minutes, REIT earnings, Singapore’s NODX down 25% from high year-ago base, Outlook for export oriented sector, Baidu-backed WM Motor Holdings cutting costs to survive and impact on China’s booming EV market
Singapore stocks started the day on a softer note, after markets in the US and Europe fell overnight. Local banks and index counters also started the morning mixed. The Straits Times Index headed down 0.1 per cent in early trade to 3,296.24 points after 91 million securities changed hands. In terms of companies to watch for today, we have UOB, which reported a 24 per cent climb in profits in the second half of the year ended December. But what is the outlook for the banking sector after the latest Fed minutes indicated that rates will likely be higher for longer? We’re also tracking the…
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