The Afternoon Update with Lynlee Foo
About
Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.
JUN 12, 2023
12/06/23 - Money in the Market: What makes Asia such an attractive destination for IPOs as compared to the rest of the world?Roughly US$25 billion worth of IPOs was priced globally in March and April, nearly twice the amount seen in the first two months of the year when listings virtually ground to a halt.
Why has the IPO market been so deflated this year and what’s behind the recent resurgence? And why is Southeast Asia fast emerging as a hotspot for new offerings as global deals - overall - decline?
On Money in the Market, Hongbin Jeong speaks to Alex Tan, CEO, ZICO Capital, to find out more.
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15:24
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JUN 9, 2023
09/06/23 - Money in the Market: Is the hype surrounding artificial intelligence tech stocks warranted?Investors are in a feeding frenzy over artificial intelligence software players.
In recent weeks, stocks exposed to AI technology have rallied hard, giving rise to fears that these stocks could have moved into a bubble.
What’s driving this new hype towards AI stocks? And can it last?
On Money in the Market, Hongbin Jeong speaks to Hal Hodson, Special Projects Writer, The Economist, to find out more.
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11:04
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JUN 9, 2023
09/06/23 - Market Wrap: What do Singapore's positive retail sales numbers tell us about the health of the economy?Singapore Airlines’ share price soared 1.6 per cent to a three-year high of S$7 earlier this week – a figure last seen in March 2020, when the pandemic started to hit the national carrier’s passenger traffic. Can we expect this optimism for SIA to continue?
Singapore’s retail sales also rose 3.6 per cent year on year in April. What do these numbers tell us?
And will the US Fed’s next policy decision have an impact on MAS’ policy move?
On Market Wrap, Hongbin Jeong speaks to Emilia Tan, Research Analyst, SGX, to find out more.
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15:13
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JUN 8, 2023
08/06/23 - Money in the Market: Is there a cause for concern about liquidity risks for Singapore banks?Turmoil in the global banking industry, and the consequence of aggressive monetary tightening, have led many to question whether we're on the verge of yet another financial crisis.
And it’s added to volatility in the credit default swaps market as well.
So how were the credit default swaps of our Singapore banks affected? And what’s the outlook for the CDS for the second half of the year?
On Money in the Market, Hongbin Jeong speaks to Rena Kwok, Credit Analyst, Asian Financials, Bloomberg Intelligence to find out more.
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08:07
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JUN 7, 2023
07/06/23 - ECO MONEY: Opportunities for Private Banks in Asia to Deliver Impactful ChangeAsia’s wealth management revenue is expected to reach $90 billion by 2025.
That’s as private banking in Asia is expected to display significant growth in the coming years as the number of ultra-high net worth individuals in the region increases.
This is according to the latest report by WWF-Singapore.
The nature group states that It is therefore more relevant than ever to stress the importance of sustainable practices in private banking and wealth management.
To dive deeper into how banks in Singapore are currently position, WWF conducted a pilot study of seven private banks.
Rachel Kelly speaks to Akshat Garg, Assistant Vice President, Asia Sustainable Finance, at WWF Singapore to get the details.
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10:22
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JUN 7, 2023
07/06/23 - Money in the Market: Will investor sentiment in the US improve now that a default has been averted?The US market has been trending sideways since mid-April, but sentiment in APAC markets seems to be improving on the back of better than expected Q1 earnings reports.
The persistent worry of a US default had translated into a continued preference for risk-averse assets. Will this preference change?
On Money in the Market, Hongbin Jeong speaks to Olivier d’Assier, Head of Applied Research, APAC, Qontigo, to find out more.
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08:27
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JUN 6, 2023
06/06/23 - Money in the Market: Will the US Federal Reserve implement another rate hike?With US ceiling talks now done and dusted, the focus is now squarely back on the US Federal Reserve and inflation.
What is the current state of inflation in the US? And what will the US Fed's next policy move be - can we expect more tightening?
And if there is a rate hike, what would it mean for the economy?
On Money in the Market, Hongbin Jeong speaks to Gary Dugan, CIO at Dalma Capital, to find out more.
Highlights:
00:51 - What's the current state of inflation like in the US?
01:09 - When do you see inflation cooling?
03:11 - Will the US Fed hike rates once again?
05:47 - What would another rate hike mean for markets?
7:07 - When will the Fed start cutting rates?
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08:44
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JUN 5, 2023
05/06/23 - Money in the Market: What does the US debt ceiling deal mean for global markets?The US has averted a catastrophic debt default. The deal that's been brokered limits federal spending for two years and suspends the debt ceiling through the 2024 election. What does this mean?
How are markets likely to react if the US Federal Reserve opts for another rate hike - and what kind of impacts will that have on the US economy?
On Money in the Market, Hongbin Jeong speaks to Vishnu Varathan, Head of Economics & Strategy, Asia at Mizuho Bank to find out more.
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09:12
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JUN 1, 2023
01/06/23 - Money in the Market: What is keeping foreign investors attracted to Indian shares?India's economic growth accelerated to 6.1% in the March quarter, boosted by government and private capital spending even as private consumption remained sluggish.
India recently made the headlines for reclaiming its spot at the world’s fifth largest stock market after losing that status to France in January, boosted by a rebound in Adani Group stocks.
What is keeping foreign investors interested in Indian shares?
Hongbin Jeong speaks to Tom Easton, India Business & Finance Editor, The Economist to find out more.
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15:00
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MAY 31, 2023
31/05/23 - Money in the Market: How are equities, bond and commodities markets faring in the wake of a tentative US debt ceiling deal?The performance of US equities has been mixed following the announcement of a tentative deal on the longstanding US debt ceiling impasse.
The bond market also has much to contend with. The Treasury will need to replenish its coffers by selling more debt and the passing of the deal puts focus back on the Federal Reserve’s fight to tame inflation.
Meanwhile, gold futures and spot price rose while oil prices have slumped.
Hongbin Jeong speaks to Danish Lim, Market Analyst, Phillip Nova,to find out more about the latest developments in equities, bond and commodities markets.
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16:17
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