Singapore shares opened lower this morning, despite US and Europe indices rallying overnight.

In early trade, the Straits Times Index (STI) fell 0.4 per cent to 3,443.49 points after 59.4 million securities changed hands in the broader market.

In terms of companies to watch, we have UOB. The bank said today that its net profit for its second quarter rose due to double-digit fee income growth and lower credit allowances. 

Elsewhere, from SIA’s latest first quarter profit to a preview of Apple’s latest earnings – more corporate headlines remain in focus. 

Of course – we can’t forget about Jerome Powell and how the US Federal Reserve kept its key interest rate at 5.25 to 5.5 per cent. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.