Market View: US PPI fell month-on-month for the first time since April; ECB rate decision in focus… (Money FM)

Market View: US PPI fell month-on-month for the first time since April; ECB rate decision in focus; Japan, Taiwan and South Korean markets set new highs on tech boost; STI hits a peak, driven by DBS; Chipotle Mexican Grill to venture into Asia; AI-simulated Fed meeting showed political pressure polarising board; UOL, Sing Holdings to watch

Singapore shares were little moved today as investors continue to look ahead to the latest consumer inflation print out of the US.

The Straits Times Index was down 0.03% at 4,345.09 points at 11.45am Singapore time, with a value turnover of S$583.16M seen in the broader market.

In terms of counters to watch, we have UOL, after the property developer has entered an agreement to sell Kinex, a retail mall, for US$375 million.

Elsewhere, from how the US producer price index fell month-on-month in August for the first time since April, and what that means for the Federal Reserve, to how Chipotle is planning to venture into Asia for the first time – more international and corporate headlines remained in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.