Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Expectations ahead of US PCE numbers; Odds of US government shutdown; Earnings from FedEx, Nike; Beijing calls on AstraZeneca to expand R&D investment; Japan’s core inflation accelerated in November; CapitaLand Investment sells stapled securities in CapitaLand Ascott Trust and more
Money Matters with Hongbin Jeong and Chua Tian Tian
Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues.…Singapore stocks opened lower today, following another downbeat session on Wall Street as the US Federal Reserve’s hawkish pivot continued to weigh on sentiment.
In early trade, the Straits Times Index (STI) had fallen 0.5 per cent to 3,743.96 points after 30.8 million securities transacted across the broader market.
In terms of counters to watch, we have CapitaLand Investment and CapitaLand Ascott Trust. That’s after CapitaLand Investment sold stapled securities in CapitaLand Ascott Trust for S$162 million to an unrelated party.
Elsewhere, from more on Japanese inflation rising more than expected last month, to what to expect ahead of the release of US personal consumption expenditures tonight – more international headlines remain in focus.
Also on deck – Beijing calling on AstraZeneca to expand its research and development investment in the city despite an ongoing probe against some of its executives.
Plus – a quick look at MayBank’s take on what to watch in 2025.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.
