Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: US labour market weakness fuels bets of 25bps rate cut in Sept; Japanese Prime Minister Shigeru Ishiba to resign; China’s export growth slows to weakest in six months as shipments to US plunged; Opec+ agrees to raise oil production from October; Earnings by GameStop, Adobe, and China’s gathering of its 14th National People’s Congress Standing Committee in focus this week; CapitaLand Investment, Keppel to watch

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Singapore shares nudged higher early today, tracking a positive start in Asia. 

The Straits Times Index was up 0.11% at 4,311.95 points at 9.39am Singapore time, with a value turnover of S$266.90M seen in the broader market.

In terms of companies to watch, we have CapitaLand Investment, given how CapitaLand China Trust (CLCT) will subscribe for 5 per cent of the 400 million initial public offering (IPO) units in CapitaLand Commercial C-Reit (CLCR), priced at 5.718 yuan per unit. 

Elsewhere, from how Tokyo rose on the back of Japanese Prime Minister Shigeru Ishiba’s decision to resign, to how China’s export growth slowed to the weakest in six months as shipments to the US plunged at a faster rate – more international headlines remained in focus.

Plus – how US markets had reacted to a disappointing set of employment data out on Friday night.
 
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.

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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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