Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Trump’s trade negotiators reportedly pushing the EU to make unilateral tariff reductions on US goods; UBS Global Wealth Management raises year-end target for S&P 500 to 6,000 points; Singapore’s core inflation inches up to 0.7% in April; Japan’s core consumer inflation hit 3.5% in April, fastest annual pace in over 2 years; YZJ Shipbuilding, Metro to watch
Singapore shares dipped today as investors continue to monitor the state of the global economy.
The Straits Times Index was down 0.27% at 3,869.69 points at 2.11pm Singapore time, with a value turnover of S$657.60M seen in the broader market.
In terms of counters to watch today, we have Yangzijiang Shipbuilding. The marine vessel manufacturer reported that its year-to-date order wins for the first quarter of 2025 amounted to six vessels worth US$300 million.
Yangzijiang Shipbuilding said this was around 5 per cent of its US$6 billion target for the 2025 financial year.
Elsewhere, from Singapore’s core inflation coming in hotter-than-expected in April, to how US President Donald Trump’s trade negotiators are reportedly pushing the EU to make unilateral tariff reductions on US goods – more economic headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.
