The Evening Runway with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Fed Officials want to see slower pace of rate cuts; S&P500, Dow come off all-time highs; China’s youth jobless rates falls in September; Global Earnings to watch; Seatrium bags S$100m worth of contracts; Meta to start using facial recognition to crack down ”celeb-bait ads”
Singapore shares began the day trading in negative territory, extending overnight losses in markets abroad.
In early trade, the Straits Times Index (STI) was down 0.5 per cent at 3,596.62 points after 57 million securities changed hands in the broader market.
In terms of companies to watch, we have Seatrium, after the offshore and marine specialist said it secured S$100 million worth of contracts for repairs and upgrades set to be completed by the first quarter of 2025.
Elsewhere, from comments by top Federal Reserve officials suggesting they would like to see a slower pace of rate cuts, to expectations ahead of earnings out this week, more international and corporate headlines are in focus today.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Audrey Ho, Investment Counselor, Citigold Private Client, Citibank Singapore.
