Market View: Has November’s rally fuelled by bets of rate cuts fizzled?; Bond outlook; Chinese Caixin/S&P Global services PMI rise to three-month high in November; Nvidia’s CEO on building network of semiconductor plants in Japan; Starbucks shares suffers record run of losses; Further upside to gold prices?

Your Way Home with Hongbin Jeong · Dec 5, 2023 · 12m

Singapore stocks opened weaker today following overnight losses on global markets. In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,080.87 points after 19.5 million securities changed hands in the broader market. Meanwhile, international headlines are in focus today with investors mulling a private sector survey which showed China’s services activity expanded at a quicker pace in November. Also in focus today – Nvidia’s CEO Jensen Huang’s comments that the firm will build a network of semiconductor plants in Japan, as well as US consumer spending outlook and gold…