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Singpost Is Back To The Back To The Black. How Sustainable Will It Be? (Money FM)

Nov 2, 2023

Singapore shares were pulled into positive territory today, following overnight gains on Wall Street.
That’s after the Federal Reserve’s decision to keep interest rates steady. In early trade, the Straits Times Index (STI) rose 0.4 per cent to 3,088.32 points, after 69.8 million securities changed hands in the broader market.
In terms of companies to watch, we have DBS, after the Monetary Authority of Singapore yesterday imposed a “six-month pause” on DBS’ non-essential IT changes following repeated and prolonged disruptions of its banking services this year.
Meanwhile, from more on SingPost’s earnings to SoftBank’s pioneering a new bond-type stock, more local and regional headlines are in focus today.
Also on deck – a deep dive into European and US headlines from Zalando and Estee Lauder’s earnings outlook to the Federal Reserve’s signal on interest rates.