Latest / Your Way Home with Hongbin Jeong
Market View: Powell on Feb PCE being ‘along the lines’ of what Fed wants to see; China’s CaiXin PMI; Swatch’s CEO on Chinese customers hesitating amid higher prices; SingPost’s new SG CEO; Keppel, Keppel Infrastructure Trust on Keppel Merlimau Cogen Plant; ComfortDelGro’s Metroline won contracts worth ~S$720m; Asia Pacific IPO momentum
Singapore stocks rose at the opening bell this morning, mirroring gains in US and European markets. In early trade, the Straits Times Index (STI) gained 0.2 per cent to 3,230.62 points after 73.2 million securities changed hands in the broader market. In terms of companies to watch, we have ComfortDelGro. Its subsidiary Metroline won contracts worth £422 million (S$719.8 million), to operate four public-bus franchises in the UK for five years. Meanwhile, from more on how February’s US personal consumption expenditures price index influenced markets to Swatch buyers in China hesitating their…
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