The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: Trio of local banks to allow customers to ‘lock up savings’ for in-person withdrawals only; Sembcorp Industries’ agreements to acquire wind assets for S$200m; China’s central bank to press banks to lower real lending rates; Expectations on US PCE price index, GDP, consumer confidence; 10-year US Treasury yields slips to 4.4%
Singapore stocks opened weaker today, following overnight losses on global markets.
In early trade, the Straits Times Index (STI) headed down 0.2 per cent to 3,079.31 points after 50.7 million securities changed hands in the broader market.
In terms of companies to watch today, we have Sembcorp Industries, after the energy group yesterday announced two separate agreements to acquire wind assets in China and India for a total consideration of S$200 million.
Elsewhere from more on the banking sector in Singapore and Sats filing notice of three straight years of losses, more corporate headlines remain in focus.
Also on the table today – economic data points to watch out for in the US this week including the latest PCE price index numbers.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian sat down with Jeremy Tan, Chief Executive Officer (CEO) of Tiger Fund Management for more.
