Market View: US August PCE Price Index in line with expectations; US September non farm payrolls release in focus, potentially postponed by possible US government shutdown; Gold surpasses key US$3,800 per oz level; CapitaLand Commercial C-Reit, Sony Financial Group’s trading debuts; Singtel, Yangzijiang Shipbuilding to watch
Description
Singapore shares inched higher today as Asian markets started the week on a positive note.
The Straits Times Index was up 0.22% at 4,275.36 points at 2.26pm Singapore time, with a value turnover of S$937.56M seen in the broader market.
In terms of companies to watch, we have Yangzijiang Shipbuilding, after the shipbuilder on Saturday announced that three of its subsidiaries have cancelled contracts valued at US$180 million with an unknown party.
Elsewhere, from what an in-line personal consumption expenditures price index reading for August meant for investors, to how gold surpassed the key US$3,800 per ounce level for the first time today – more international and economic headlines remained in focus.
Also on deck, more on CapitaLand Commercial C-Reit and Sony Financial Group’s trading debut in Shanghai and Tokyo respectively.
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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