Traded ValueSingapore equities remained strong as DBS, OCBC and UOB delivered better than expected earnings, pushing the STI to fresh record highs. Solid bank fundamentals and shareholder returns continue to support market sentiment.
US markets were mixed as SpaceX climbed despite its US$100 billion share unlock, supported by strong retail buying. Investors remained focused on earnings, favouring companies with strong guidance while weighing on those with weaker outlook
Global sentiment remains constructive, supported by strong corporate earnings. Markets are now watching the US July Non-Farm Payrolls report and next week's CPI for the next market catalyst.
☕️ [Task Coins Giveaway] Daily Market Talk — STI Hits Fresh Highs as SpaceX Shrugs Off $100B Share Unlock
Singapore's banks delivered a clean sweep this week: DBS, SGX and Venture Corp all beat, then OCBC and UOB followed with strong earnings of their own, sending $FTSE Straits Times Index(STI.SG) to fres...
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