Market View: Hotter-than-expected US nonfarm payrolls, Apple’s WWDC, September Fed cut expectations ahead of FOMC meeting; Euro drops on election risk; Alibaba Investment sold shares in SingPost and more

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

Singapore stocks began trading in positive territory today, even as global markets ended lower last week.

In the morning, the Straits Times Index (STI) opened 0.1 per cent higher at 3,332.63 points after 57.8 million securities changed hands in the broader market.

In terms of companies to watch, we have Singapore Post, after the subsidiary of Chinese e-commerce giant Alibaba Group, Alibaba Investment, sold 72.5 million shares in SingPost for S$33.3 million on Friday.

Elsewhere, from movements in the Euro after parliamentary votes saw leaders in France and Germany suffer losses to expectations on the US Federal Reserve’s first rate cut amid Friday’s hotter-than-expected nonfarm payrolls numbers, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.

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