Market View: US data on jobless claims, manufacturing PMI, sales of existing homes weigh on markets; Marco Polo Marine’s subsidiary inks agreement with Siemens Gamesa; Four Cordlife Group’s directors and former CEO arrested; No Signboard sell trademarks,

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

Singapore stocks opened weaker this morning, despite overnight gains in US and European markets.

In early trade, the Straits Times Index (STI) fell 0.2 per cent to 3,215.3 points after 40 million securities changed hands in the broader market.
In terms of companies to watch today, Marco Polo Marine. The shipyard and marine logistics company yesterday said that its Taiwanese subsidiary, PKR Offshore, has secured the Asia-Pacific Crew Transfer Vessel framework agreement with wind-turbine manufacturer Siemens Gamesa.

Elsewhere, we’ll also look at the latest data out of the US and how that has influenced the recent optimism surrounding the Federal Reserve’s resolve to lower rates this year.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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