Latest / Your Way Home with Hongbin Jeong
Market View: Nvidia briefly overtook Amazon; US January Core Inflation; S&P 500 rally – has it hit a wall?; Appetite for India IPO; Japan GDP slips to world’s 4th largest economy; Singapore’s Q4 GDP; Straco Corp’s FY 2023 net profit, expectations for CNY demand
Singapore shares rose at the opening bell this morning, following overnight gains in global markets. In early trade, the Straits Times Index (STI) gained 0.3 per cent to 3,146.08 points after 41.2 million securities changed hands in the broader market. In terms of companies to watch, James, we have Straco Corp. The tourism facilities operator said in its profit guidance that it expects to report a substantial net profit for FY2023, swinging into the black from the net loss reported in FY2022. Meanwhile, economic developments are in focus, ranging from expectations on US core inflation in…
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