Latest / Your Way Home with Hongbin Jeong
Market View: ECB’s first rate cut in 5 years; US nonfarm payrolls; Boeing’s departing CEO to testify before US Senate; MSCI China climbed 24% from January low; Nio’s adjusted net loss widens in Q1 and more
Singapore equities began trading in positive territory today, as US investors awaited crucial payrolls data and mull the European Central Bank’s move to cut lending rates. The Straits Times Index (STI) opened 0.2 per cent higher at 3,336.22 points after 27.7 million securities changed hands in the broader market. In terms of companies to watch today, we have Shanghai-based electric vehicle (EV) maker Nio, after its adjusted net loss widened by 18.1 per cent to 4.9 billion yuan (S$911.7 million) in the first fiscal quarter. Elsewhere, from more on the European Central Bank’s first rate cut in…
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