Market View: US Earnings expectations – Microsoft, AMD, Uber, Airbus, Meta, Amazon, Boeing; Upcoming US Fed Rate Decision; US PCE eases from May’s yoy figure; Seatrium hot stock of the day on earnings guidance; SIA Engineering Company’s earnings up 23% yo

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

Singapore stocks started trading in the positive territory today after global equities ended higher last week.

The Straits Times Index (STI) opened 0.7 per cent higher at 3,449.73 points after 68 million securities changed hands in the broader market.

In terms of companies to watch, we have Seatrium, after its board said today that the offshore and marine specialist is expected to report a net profit for the first half of 2024 based on a preliminary review of its unaudited financial results.

Elsewhere, from a lookahead to earnings from global names such as Microsoft, AMD, and Meta, to what to expect out of local blue chips such as SIA and the trio of local banks – more corporate 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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