Singapore shares rose this morning after the Labour Day holiday, mirroring gains in Europe.

In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,287.75 points after 56.2 million securities changed hands in the broader market. 

In terms of companies to watch today, DBS, after the lender posted a 43 per cent gain in net profit to S$2.6 billion for the quarter ended March, on higher interest rates, sustained business momentum and resilient asset quality. 

Elsewhere, investors continue to digest the takeover of First Republic Bank by JP Morgan Chase as they remain laser focused on the Federal Reserve’s interest rate decision due mid-week. 

On Market View, the Drive Time team sat down with Matthias Chan, Head of Research at SAC Capital for more.