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Market View: Asian equities track record day on Wall Street on Fed rate cut, higher than expected initial jobless claims reading; Oracle, Broadcom earnings, Disney-OpenAI deal in focus; Softbank Group reportedly studying potential acquisitions surroundin

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Manage episode 523878059 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Singapore shares rose today, tracking gains seen across Asian markets.

The Straits Times Index was up 1.26% at 4,577.92 points at 1.15pm Singapore time, with a value turnover of S$816.74M seen in the broader market.

In terms of counters to watch for today, we have CDL, UOL, and GuocoLand, after DBS Research took a bullish stance on Singapore property counters, initiating a sector-wide lift in its target prices for developers including CDL, UOL and GuocoLand.

Elsewhere from how earnings from chip titan Broadcom failed to meet investors’ lofty expectations, to higher than expected initial jobless claims numbers out of the US, more corporate and international headlines remained in focus.

Also on deck, how Lululemon Athletica said its CEO Calvin McDonald was leaving the company without a replacement.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeremy Tan, CEO, Tiger Fund Management.

See omnystudio.com/listener for privacy information.

  continue reading

5270 episodes

Artwork
iconShare
 
Manage episode 523878059 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Singapore shares rose today, tracking gains seen across Asian markets.

The Straits Times Index was up 1.26% at 4,577.92 points at 1.15pm Singapore time, with a value turnover of S$816.74M seen in the broader market.

In terms of counters to watch for today, we have CDL, UOL, and GuocoLand, after DBS Research took a bullish stance on Singapore property counters, initiating a sector-wide lift in its target prices for developers including CDL, UOL and GuocoLand.

Elsewhere from how earnings from chip titan Broadcom failed to meet investors’ lofty expectations, to higher than expected initial jobless claims numbers out of the US, more corporate and international headlines remained in focus.

Also on deck, how Lululemon Athletica said its CEO Calvin McDonald was leaving the company without a replacement.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeremy Tan, CEO, Tiger Fund Management.

See omnystudio.com/listener for privacy information.

  continue reading

5270 episodes

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