Market View: US bank earnings in focus; China deflation eases in September; Intel announces new AI chip for data centre; CNMC Goldmine, Centurion to watch
Description
Singapore shares rebounded from yesterday’s losses today.
The Straits Times Index was up 0.43% at 4,373.29 points at 11.16am Singapore time, with a value turnover of S$569.13M seen in the broader market.
In terms of companies to watch, we have Centurion, given how the group acquired a land site in central London for £41 million (S$71 million) via a joint venture (JV) with US-based real estate firm Landmark Properties.
Elsewhere, from how China’s deflation eased in September, to how Intel has announced a new artificial intelligence chip for the data centre that it plans to launch next year – more international and corporate headlines remained in focus.
Also on deck – how US banks fared per their latest earnings reports out at the start of the week.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeff Ng, Head of Asia Macro Strategy, Sumitomo Mitsui Banking Corporation.
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