Market View: US earnings lookahead – Magnificent Seven, McDonalds and more; US Presidential elections; UOL, SingLand on Thomson View’s en bloc sale; iFast shares hit eight-month high; Singapore’s inflation outlook; Boeing, CapitaLand Ascendas REIT and mor

The Evening Runway with Hongbin Jeong and Chua Tian Tian

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Singapore shares began trading in positive territory today as overseas markets clocked mixed results over the weekend.

In early trade, the Straits Times Index (STI) was up 0.1 per cent at 3,596.26 points after 48.2 million securities changed hands in the broader market.

In terms of companies to watch, we have UOL and Singapore Land after the companies said on Saturday that the property developers signed an option to acquire the 99-year leasehold Thomson View Condominium for S$810 million in a collective sale.

Elsewhere, from Singapore’s inflation outlook for 2025, to iFast’s shares hitting an eight-month high, more local headlines remain in focus.

Further away, all about US earnings to watch with a number of Magnificent Seven players reporting.

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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