Singapore shares opened lower today, after European markets ended lower as investors waited for further cues on the US Federal Reserve’s monetary policy outlook.

In early trade, the Straits Times Index (STI) was down 0.2 per cent to 3,233.65 points after 27.2 million securities changed hands in the broader market. 

In terms of companies to watch, we have OCBC increasing its stake in its insurance subsidiary Great Eastern from 87.9 per cent to 88.4 per cent. 

Meanwhile, investors continue to keep their eyes on a number of developments ranging from Singapore’s Grab planning the biggest round of job cuts since the pandemic, to China’s smaller-than-forecast interest rate cut and Fed Chair Jerome Powell’s testimony about the state of the US economy.

On Market View, the Drive Time team dived into the details with Khoon Goh, Head of Asia Research at ANZ. 

Singapore shares opened lower today, after European markets ended lower as investors waited for further cues on the US Federal Reserve’s monetary policy outlook.
In early trade, the Straits Times Index (STI) was down 0.2 per cent to 3,233.65 points after 27.2 million securities changed hands in the broader market. 
In terms of companies to watch, we have OCBC increasing its stake in its insurance subsidiary Great Eastern from 87.9 per cent to 88.4 per cent. 
Meanwhile, investors continue to keep their eyes on a number of developments ranging from Singapore’s Grab planning the biggest round of job cuts since the pandemic, to China’s smaller-than-forecast interest rate cut and Fed Chair Jerome Powell’s testimony about the state of the US economy.
On Market View, the Drive Time team dived into the details with Khoon Goh, Head of Asia Research at ANZ.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: Grab reportedly planning biggest round of layoffs since pandemic; PBOC’s lower-than-expected rate cut; Chinese Yuan and Japanese Yen weakness; Fed Chair Jerome Powell’s testimony

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