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Market View: US inflation cools; MAS keeps monetary policy settings unchanged; LVMH now among world’s top 10 as market value nears US$500b
Singapore shares rose today, following the Monetary Authority of Singapore’s announcement to leave monetary policy settings unchanged for the first time in over a year. That’s contrary to market expectations of a tightening. In early trade, the Straits Times Index (STI) was up 0.4 per cent to 3,309.16 points after 25.4 million securities changed hands in the broader market. In terms of companies to watch today, we have ST Engineering, after it won a S$200m contract for the Cross Island Line project. Elsewhere, investors continue to digest the latest US inflation figures after fresh data…
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