Latest / Your Way Home with Hongbin Jeong
Market View: US JOLTS and STI movements; OCBC and Seatrium; Bitcoin poked above US$70,000 again amid drop in Treasury yields; Nike’s layoffs in Europe, Microsoft, Google reportedly cutting staff at cloud units
Singapore equities began trading in negative territory today, after US stocks recovered from an early morning fall to close higher overnight. In early trade, the Straits Times Index (STI) dipped 0.1 per cent to 3,335.82 points after 34.7 million securities changed hands in the broader market. In terms of companies to watch, we have for you OCBC. The lender has priced 500 million euros (S$732.8 million) of fixed-rate covered bonds due 2027 under its US$10 billion global covered bond programme. Elsewhere from Japan’s base pay rising the most since 1994 to Nike reportedly laying off workers in…
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