Market View: Trump to create External Revenue Service to collect tariffs, duties and all revenue from foreign sources; TikTok reassures US employees ahead of ban deadline; US December CPI expectations, bank earnings lookahead, Ho Bee Land sparks bidding war for Australian property developer AVJennings; CapitaLand Investment, SIA Engineering to watch
Description
Singapore shares were in the green at the open today, as investors globally await key inflation data in the US which will set interest rate expectations.
The Straits Times Index (STI) rose 0.2 per cent to 3,795.23 points in early trade after 68.3 million securities changed hands in the broader market.
In terms of companies to watch for today, we have CapitaLand Investment, after the real asset manager appointed three female leaders into senior roles as part of its ongoing leadership renewal.
Elsewhere, from how TikTok plans to keep paying US employees ahead of a ban deadline, to how US President-elect Donald Trump said he would create a new government agency called the External Revenue Service to collect tariffs and duties from foreign sources, more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Jeremy Tan, CEO, Tiger Fund Management.
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