Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: How will Stephan Miran’s appointment to the rate-setting FOMC weigh on the Fed’s upcoming decision?; Expectations on Fed’s dot plot, USD movements; Jack Ma reportedly on a mission to “Make Alibaba Great Again”; Flagged talks between Trump and Xi; SIA to watch
Singapore shares dipped today despite most Asian markets trading in the green.
The Straits Times Index was down 0.22% at 4,328.85 points at 2.39pm Singapore time, with a value turnover of S$826.72M seen in the broader market.
In terms of companies to watch, we have SIA Group, after the airline group yesterday reported a 5.4 per cent increase in passenger traffic for August compared with the previous year.
This increase outpaced the 2.7 per cent expansion in passenger capacity across Singapore Airlines (SIA) and Scoot.
Elsewhere, from what to watch out of flagged talks between US President Donald Trump and his Chinese counterpart Xi Jinping, to the confirmation of Trump’s pick Stephen Miran into the Federal Reserve’s rate-setting Federal Open Market Committee – more international headlines remained in focus.
Also on deck, how Jack Ma is reportedly back at work to ‘Make Alibaba Great Again’!
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with James Cheo, Chief Investment Officer, Southeast Asia and India at HSBC Global Private Banking and Wealth.
