US non-farm payrolls rose 315,000 in August, a little lower than the 318,000 expected by Dow Jones economists, but will the data is enough for the Fed to change their minds on a jumbo rate hike come September?
At the same time, Russia’s Gazprom has announced an indefinite shutdown of its key Nord Stream 1 pipeline to Germany after G7 countries agreed to impose a price cap on Russian oil. Have this foreshadowed the positive sentiments over the US jobs report?
And in currency news - the Yen has crossed the psychological 140 mark against the dollar. Bitcoin, meanwhile, falling below the US$20,000 support level. Where will the Yen and Bitcoin move in the near term?
On Market View, Prime Time's finance presenter Chua Tian Tian broke down the market action with Craig Erlam, Senior Market Analyst, UK & EMEA at OANDA.
Market View: TikTok CEO Shou Zi Chew’s testimony; JP Morgan, Citi and Bank of America asking staff not to poach clients from stressed banks; Twitter to remove legacy verified marks; Singapore ranks 3rd in global financial centre rankings; Singapore stock market wrap; Sats on valid applications for new shares; Sembmarine’s subsidiary investigated for “alleged irregularities”
Culture Club: From benchwarmer to national athlete. Grooming the next generation of LeBrons in Singapore