22 October 2024
Market View: Fed Officials want to see slower pace of rate cuts; S&P500, Dow come off all-time highs; China’s youth jobless rates falls in September; Global Earnings to watch; Seatrium bags S$100m worth of contracts; Meta to start using facial recognition to crack down ”celeb-bait ads”
Singapore shares began the day trading in negative territory, extending overnight losses in markets abroad.
In early trade, the Straits Times Index (STI) was down 0.5 per cent at 3,596.62 points after 57 million securities changed hands in the broader market.
In terms of companies to watch, we have Seatrium, after the offshore and marine specialist said it secured S$100 million worth of contracts for repairs and upgrades set to be completed by the first quarter of 2025.
Elsewhere, from comments by top Federal Reserve officials suggesting they would like to see a slower pace of rate cuts, to expectations ahead of earnings out this week, more international and corporate headlines are in focus today.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Audrey Ho, Investment Counselor, Citigold Private Client, Citibank Singapore.

Download this podcast.

Listen To His Previous Podcasts:

30 November 2023
Money in the Market: Should investors still pay close attention to falling inflation?
Inflation is a sign of a sick global economy, one with too much money chasing too few products and services which was rampant during the pandemic. Luckily, there has been a decline in worldwide inflation from 8.7% in 2022 is only one evidence of the world economy's recovery. How can investors prepare for falling inflation? Should they still remain cautious? On Money in the Market, Hongbin Jeong speaks to Audrey Ho, Investment Counsellor at Citibank Singapore, to find out more.

Download this podcast.

24 October 2023
Money in the Market: Is there a chance for non-US shares to shine?
US equities have seen a strong performance over the past 15 years. And this has changed investor dynamics. The US is sitting a record high 63% of the world’s traded market cap.
But is this a sustainable dynamic? Should investors be considering “cheaper” markets outside of the US instead?
On Money in the Market, Hongbin Jeong speaks to Audrey Ho, Investment Counsellor at Citibank Singapore, to explore the possible opportunities present.

Download this podcast.