Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Global equities down as fighting between Israel and Iran enters fifth day; Bank of Japan holds rates as expected, to slow pace of reduction in bond purchases next year; World Gold Council survey shows central banks favour gold to USD for reserves; OpenAI executives reported considered accusing Microsoft of anticompetitive behaviour in partnership; SIA to watch
Singapore shares rose today even as global investors remained cautious in light of the ongoing Israel-Iran conflict.
The Straits Times Index was up 0.38% at 3,923.23 points at 2.33pm Singapore time, with a value turnover of S$575.62M seen in the broader market.
In terms of counters to watch for today, we have Singapore Airlines, after the national carrier and its low-cost arm Scoot reported a 3.1 per cent year-on-year increase in passenger traffic in May, which eased from the previous month’s growth.
Elsewhere, from the Bank of Japan keeping its interest rates steady as widely expected to how central banks around the world are now favouring gold over the US dollar for reserves – more international headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeremy Tan, CEO, Tiger Fund Management.
