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On The Afternoon Update, Hongbin Jeong speaks to Geoff Howie, Market Strategist, SGX for market wrap of the week. We find out how the STI fared in the past week; the biggest movers; how a newly-launched equity ETF - the largest in Singapore - between SGX and BlackRock, can spur sustainable investing in Asia; the growth opportunities Temasek Holdings is exploring in the Chinese market; and how Sing...

US inflation accelerated in August for the second consecutive month, pushed up by rising gas prices. According to data from the Bureau of Labor Statistics, core inflation, however - which excludes volatile food and energy prices - continued to slow. The Consumer Price Index, a closely watched inflation gauge, rose 3.7% in August from a year earlier, up from July’s 3.2% rise.  On a month-to-month b...

Investors are eyeing new opportunities in emerging markets. They are fast becoming an attractive destination for the latter half of 2023, owing to their resilience and growth advantage over developed markets. French asset management company Amundi forecasts a 4% average growth rate for emerging markets this year, in stark contrast to 1.1% for advanced economies.  And a significant chunk of that gr...

Blue, Grey, Pink, and even Turquoise - its the colour that counts when it comes to sustainable hydrogen. And as conversations of the gas as an eco energy alternative heat up - Rachel Kelly speaks to Dr Thomas Koller APAC Hydrogen Lead at DNV to find out what you need to know when it comes to Green Hydrogen. See omnystudio.com/listener for privacy information.

During the month of August, financial markets were heavily focused on China and its sluggish economic recovery, as the nation reported a sequence of continuously  disappointing data. But even as markets suffered losses in the wake of this data, long-term US Treasury yields witnessed a rebound, as bond vigilantes returned. So what led to the return of the bond market? How will current economic cond...

Key data released this past weekend showed an easing of China’s deflationary pressures for the month of August. The consumer price index was 0.1% higher year on year in August, lower than a Reuters poll of analysts who predicted a 0.2% increase. Most importantly, though, the index emerged out of the negative territory of -0.3% recorded in July. The producer price index, on the other hand, fell 3%...

In sunny singapore solar is an important component of achieving net-zero emissions by 2050. But as we know, the sun doesn’t shine 24 hours a day, so for those looking to implement solar panels - how can they store that energy? VFlowTech is a Singapore-based long duration energy storage solutions provider manufacturing low-cost and efficient modular vanadium redox flow batteries.  Sounds technical...

Housing was one of the central themes of Prime Minister Lee Hsien Loong’s National Day Rally speech.  In fact, under a new framework designed to ensure affordability and cap resale prices of public housing, buyers of new HDB flats in sought-after locations will be subject to stricter resale conditions from next year.  Will these measures have a big impact on the property market? And When can we se...

On The Afternoon Update, Hongbin Jeong speaks to Candace Li, Research Analysts at the SGX for market wrap of the week. We find out how the STI fared in the past week, the biggest movers, as well as some economic news including how Singapore's 2023 growth forecast was cut to 1%, what that means for Singapore's economy as well the retails sales data that showed 1.1% growth year-on-year. See omnystud...

In the past several weeks, Brent oil prices have risen by more than 8%. And they’re set to rise further as Saudi Arabia and Russia extend oil export cuts.  Earlier this week Saudi Arabia and Russia extended voluntary oil supply cuts to year end, with the Saudi cutting by 1 million barrels per day and Russia cutting 300,000 bpd. These were on top of the April cut agreed by several OPEC+ producers r...

Gold prices remain pressured at the lowest level in a week, after declining the most in a month the previous day. That's as the United States soft landing concerns underpin the US Dollar strength. The dollar, meanwhile, is ignoring softer US data while cheering the hawkish Fed. On top of that, downbeat concerns about China, one of the world’s gold consumers, are now also favoring the Gold sellers....

The US Federal Reserve raised interest rates by 25 basis points in their last meeting. Now speculations are rising that they might end their tightening cycle soon. But with interest rates remaining high, how should investors be allocating their assets in order to get the best returns? Should you be looking at REITs and Money Market Funds? To find out more, on Money in the Market, Hongbin Jeong spe...

According to Bloomberg, the strength of the US stock rally in 2023 has taken several market participants by surprise. Bulls, however, point to solid economic growth in the face of high interest rates as a sign of confidence. Outperforming tech names, boosted by the artificial intelligence frenzy, have helped sustain those gains. Chinese stocks - and, by extension, Asian shares - have also jumped a...

The continuously rising fortunes of the Magnificent Seven group of megacap stocks - those with a capitalization or market value over $200 billion - including the likes of Nvidia, Apple, Microsoft, have garnered plenty of attention in the first half of this year. What has driven this rally and is it set to continue through to the end of 2023? The upcoming initial public offering of British chipmake...

China’s currency, the yuan, is heading towards its lowest level against the dollar since the 2008 financial crisis.  Analysts expect its strength to be further tested in the coming weeks as the country’s rebound from the pandemic hasn’t gone according to plan. The currency has dropped more than 5 percent against the dollar this year, touching 7.29 to the greenback and just shy of the high of 7.32...

The US bond market was hit by a fresh round of selling pressure Friday after Federal Reserve Chair Jerome Powell said the central bank remains prepared to push interest rates higher and keep them elevated if needed to keep reining in inflation. What’s the correlation between the two? Asian bonds recorded net foreign inflows for a fifth straight month in July. Singapore government bonds are being v...

This year’s Jackson Hole Symposium, which brings together the leading central banking heads of the world, was held in the US state of Wyoming.  On Friday, Federal Reserve Chair Jerome Powell called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come. While acknowledging that progress has been made and saying the Fed will be carefu...

Worries about China’s slowing economy and its widening interest-rate differential with the US have sent its currency, the yuan, tumbling some 5% this year, though it has fared better against the currencies of other trading partners. The People’s Bank of China has introduced a variety of measures to slow the depreciation, including stronger-than-expected reference rates and urging state banks to bu...

On The Afternoon Update, Emaad Akhtar is joined by Geoff Howie, Market Strategist at the SGX , for a market wrap of the week. They discuss how the STI performed in the past week; the biggest movers on the STI; the reasons behind Singtel's sharp decline in net profits for the first quarter ended June 30 of the 2024 FY; Singapore's most recent core and headline inflation numbers; the objective of th...

Oil has posted a modest decline in recent days amid signs that supplies are rebounding while concerns linger about demand in China, the world’s biggest crude importer. Observed exports from Iran have surged to 2.2 million barrels a day this month, and Turkey and Iraq have held a sudden flurry of talks as they seek to restart a major oil pipeline. Efforts by OPEC+ linchpins Saudi Arabia and Russia...

You may have heard, COP28 is taking place in Dubai this year. But what is COP, and why does it matter? Here’s an explainer and what you need to know! In this episode of Eco Money you'll hear from industry players on what they hope from this year's COP. Comments from: Anita Neville, Vice President of Corporate Communications and Sustainability Relations, Golden Agri-Resources Dale Hardcastle, Globa...

Asian equities traded mixed today as Wall Street’s risk-on mood faded a day after the rally in big tech.  Mainland Chinese stocks returned under pressure despite fresh signs of an earnings recovery among the country’s tech giants. The selling in mainland China came even as internet giant Baidu released financial results that showed its revenue rose the most in more than a year.  The company report...

August hasn’t been a great month for technology stocks. Before the start of this week, the Big Tech companies, notably Apple, Nvidia, Meta and Microsoft fell at least 10 percent from their highs in July. Tesla, meanwhile, declined by more than 25 percent in that period.  Yesterday, however, Nvidia's shares soared as more analysts raised their price targets on the stock, a potential sign of growing...

A three-way contest for the presidency is officially under way among former GIC investment chief Ng Kok Song, 75, former senior minister Tharman Shanmugaratnam, 66, and former NTUC Income chief Tan Kin Lian, 75. The three presidential hopefuls all successfully filed their nomination papers, before delivering their nomination speeches.    See omnystudio.com/listener for privacy information.

Global stock markets have been jittery in recent weeks owing to the economic turmoil that is erupting within China.  A Chinese media outlet recently reported that China plans to allow local governments to sell 1.5 trillion yuan ($205.9 billion) of special financing bonds to help 12 regions repay debt. The report added that the People’s Bank of China may even set up a special purpose vehicle with b...