Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: Tamer US PPI; Gold hits record high; SG GDP grows 2.7% yoy in Q1; MAS stands pat at Apr’s monetary policy; BOK kept rates steady after election setback; Jardine C&C’s new non-executive independent director; Sabana Reit on requisitions for third EGM; Singtel, Viettel on new submarine cable system

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Singapore shares opened muted this morning, following data released on economic growth as well as the central bank’s move to stand pat on its monetary policy settings.

In early trade, the Straits Times Index (STI) rose 0.04 per cent to 3,228.76 points after 45.2 million securities changed hands in the broader market.

In terms of companies to watch, we have Jardine Cycle & Carriage. The conglomerate said that Jean-Pierre Felenbok will join the company’s board from Apr 29 as a non-executive independent director. 

Meanwhile, from more on tamer US producer price inflation to gold hitting a record high today, more international headlines remain in focus. 

On Market View, The Evening Runway team unpacked the developments to watch for the day.

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Your Way Home with Hongbin Jeong

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s bigges 
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