Singapore shares opened the week higher today after global markets ended the previous week markedly higher. 

The Straits Times Index (STI) rose 0.2 per cent in early trade to 3274.07 points after 81.2 million securities changed hands. 

In terms of companies to watch for today, we have Seatrium, after the group announced on Friday that it has secured a contract worth more than S$500 million.

That’s to develop platforms for two offshore wind farms located off the coast of Long Island in the US. 

Meanwhile, global investors continue to brace themselves for a data heavy week. April’s US inflation data will likely grab the attention of traders, as will the US monthly budget statement for April. 

On Market View, the Drive Time team unpacked these developments with David Kuo, Co-founder, The Smart Investor.