Latest / Your Way Home with Hongbin Jeong
Market View: Stocks rise after report of ceasefire talks between US, Iran, Investors continue to mull Trump’s promised assault on Iranian infrastructure; Citigroup pushes back Fed rate cut timeline after strong job numbers; Singapore retail sales jump 8.3% in February, boosted by Chinese New Year; FOMC March minutes, February personal income, and March CPI – what should investors prioritise this week?; Olam Group, Geo Energy Resources to watch
Singapore shares inched higher today as investors continue to monitor developments on the global trade front. The Straits Times Index was up 0.46% at 4,970.16 points at 1.24pm Singapore time, with a value turnover of S$727.68M seen in the broader market. In terms of counters to watch, we have Olam Group after the agri-food giant said today that it is selling its information technology and digital services unit, Mindsprint, to Wipro for US$375 million as part of a broader corporate reorganisation. Meanwhile, from how retail sales in Singapore surged 8.3 per cent year on year in February, to…
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