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Market View: Jerome Powell’s comments at the Economic Club of New York; Keppel Corp’s “stronger” Q3 net profits; ST Engineering’s unit awarded Abu Dhabi contract; DBSPayLah! Disruption; Gold prices hit three month peak
Singapore shares pulled back at the open today following another day of overnight losses on Wall Street and Europe. In early trade, the Straits Times Index (STI) headed down 0.3 per cent to 3,089.14 points after 32.3 million securities changed hands in the broader market. In terms of companies to watch today, we have Keppel Corporation. The company yesterday reported in a business update that its Q3 net profit was “stronger” year on year, but did not disclose a profit figure. Meanwhile, from how Federal Reserve Chair Jerome Powell’s comments at the Economic Club of New York are weighing on…
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