Market View: DBS’ profit slips 2% - What drove the dip and can we expect a rebound?

Money Matters with Hongbin Jeong and Chua Tian Tian

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4d ago 14:11

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DBS has just released its first-quarter earnings, reporting a 2% dip in net profit to S$2.9 billion, primarily due to the global minimum tax.

UOB also reported its latest results, showing strong performance in its core businesses, with profit growth driven by robust loan demand and a healthy asset quality.

Meanwhile, Disney posted impressive earnings, beating expectations with a 7% increase in revenue, driven by resilient demand at U.S. theme parks and a surprisingly strong performance in its streaming business.

In the U.S., the Federal Reserve kept interest rates unchanged, with Chair Jerome Powell emphasizing that more data is needed before adjusting policy, while ruling out any preemptive rate cuts in light of inflation still running above target.

On Market View, Alexandra Parada speaks to David Chow, Director at Azure Capital, to discuss the latest market movement.

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