Market View: Fed holds rates for fourth straight meeting, dot plot shows two 25bps cut this year; Shell CEO on the impact of the Israel-Iran air war; Apple reportedly expressed interest in tapping generative AI to speed up design of custom chips; Dozens of staff at StanChart reportedly laid off in Singapore, jobs offshored to India; DBS, UOB to watch

Published Jun 19, 2025, 10:27 AM

Singapore shares dipped today as investors continue to mull the US Federal Reserve’s latest move to hold interest rates at prevailing levels.

The Straits Times Index was down 0.31% at 3,908.55 points at 11.50am Singapore time, with a value turnover of S$350.49M seen in the broader market.

In terms of companies to watch, we have DBS, after the lender inked a memorandum of understanding with the Australian Trade and Investment Commission today to deepen investment links between Australia and South-east Asia. 

Elsewhere, from the Fed’s dot plot of future rates and central bank chief Jerome Powell’s comments on US tariffs, to Shell CEO Wael Sawan’s take on the escalating conflict between Israel and Iran – more international and corporate headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.