Market View: Fed holds rates steady; higher Treasury yields working; MAS imposes “six month pause” on DBS essential IT changes, no acquisition of new business ventures; SingPost back in the black for 1H; Softbank pioneering new bond-type stock; Zalando and Estee Lauder’s earnings outlook

Your Way Home with Hongbin Jeong · Nov 2, 2023 · 10m

Singapore shares were pulled into positive territory today, following overnight gains on Wall Street. That’s after the Federal Reserve’s decision to keep interest rates steady. In early trade, the Straits Times Index (STI) rose 0.4 per cent to 3,088.32 points, after 69.8 million securities changed hands in the broader market. In terms of companies to watch, we have DBS, after the Monetary Authority of Singapore yesterday imposed a “six-month pause” on DBS’ non-essential IT changes following repeated and prolonged disruptions of its banking services this year. Meanwhile, from more on…