Singapore shares fell this morning after global markets closed lower overnight.

In early trade, the Straits Times Index (STI) fell 0.2 per cent to 3,307.75 points after 36.2 million securities changed hands in the broader market.

In terms of companies to watch today, we have Keppel Corporation, after the global asset manager and operator posted a 9 per cent on-year rise in its revenue to S$2.3 billion for its first quarter ended March. 

Elsewhere, data out of the US showed the number of Americans filing new claims for unemployment benefits rose moderately last week, suggesting that the country’s labour market is softening. How worried should we be at this point in time?

And in company news, shares of US regional lenders fell in the previous session amid a deposit flight, while carmakers tumbled due to concerns about a possible price war.  

On Market View, the Drive Time team discussed the latest market moves and views with Benjamin Goh, Head of Research and Investor Education, SIAS.