Singapore shares were pulled into negative territory today after US and Europe stocks both ended lower overnight.
The Straits Times Index fell 0.01 per cent in early trade to 3,385.58 points after 25 million securities changed hands.
Engineering and technology group Boustead Singapore made the headlines today. The group is making a voluntary unconditional general cash offer to take its real estate subsidiary, Boustead Projects, private. Question is - can we expect more of such moves in the new year?
Elsewhere, US Treasury Secretary Janet Yellen said last night that the US can avoid a recession with unemployment at a 53-year low. Is a strong labour market reading an indication that the Fed can achieve a soft landing? And what can we expect when Fed Chair Jerome Powell speaks later tonight?
On Market View, the Drive Time team posed these questions to Jeremy Tan, CIO, Tiger Brokers (Singapore).