Singapore stocks dipped today as investors anticipated key US inflation data to be released later this week. 

In early trade, the Straits Times Index (STI) fell 0.4 per cent, to 3,246.08 points, after 50.6 million securities traded hands across the broader market.

In terms of companies to watch today, we have SIA Engineering Company, after the aircraft engineering and maintenance provider reported a 20.4 per cent on-year drop in net profit to S$33.9 million for the second half-year ended March. 

Elsewhere, softening imports and a rally in financial stocks in China weighed on markets in the region. That’s as investors continue to mull the Federal Reserve’s survey of bank loan officers. 

The US debt ceiling standoff is also on the top of mind of investors after a report said US Treasury Secretary Janet Yellen is calling on CEOs to personally warn them of the impact of a US default on its debt.

On Market View, the Drive Time team sat down with Jeremy Tan, Chief Executive Officer (CEO) of Tiger Fund Management for more. 

Singapore stocks dipped today as investors anticipated key US inflation data to be released later this week. 
In early trade, the Straits Times Index (STI) fell 0.4 per cent, to 3,246.08 points, after 50.6 million securities traded hands across the broader market.
In terms of companies to watch today, we have SIA Engineering Company, after the aircraft engineering and maintenance provider reported a 20.4 per cent on-year drop in net profit to S$33.9 million for the second half-year ended March. 
Elsewhere, softening imports and a rally in financial stocks in China weighed on markets in the region. That’s as investors continue to mull the Federal Reserve’s survey of bank loan officers. 
The US debt ceiling standoff is also on the top of mind of investors after a report said US Treasury Secretary Janet Yellen is calling on CEOs to personally warn them of the impact of a US default on its debt.
On Market View, the Drive Time team sat down with Jeremy Tan, Chief Executive Officer (CEO) of Tiger Fund Management for more.

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The Evening Runway with Elliott Danker, Timothy Go and Chua Tian Tian

The Evening Runway with Elliott Danker, Timothy Go & Chua Tian Tian (4pm - 7pm)

Market View: Janet Yellen warns CEOs on US debt ceiling; Fed’s survey of bank loan officers; China’s balance of trade figures; Bets on policy support and rally in Chinese financial, brokerage and filmmaker shares

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