Reset with Lynlee

Ringing in a new era of hope for climate action.

That is the weight that hangs above this year’s conference of parties or COP28.

COP28 President-Designate, Dr Sultan Al Jaber literally did that in New York as the first COP president to ring the New York Stock Exchange bell to help raise awareness of climate finance in the US business community.

Rachel Kelly has the latest in this week's Eco Money. 

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According to a recent research commissioned by ICAEW as part of their economic update for Q3 2023, Oxford Economists foresee a more apparent slowdown in growth across South-East Asia this quarter, including in Singapore. 

So what will this mean for the region? And what’s driving this pessimistic outlook for ASEAN economies? 

On Money in the Market, Hongbin Jeong speaks to Dr Arup Raha, ICAEW Economic Advisor and Chief Economist for Asia-Pacific, Oxford Economics, to find out.

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In a dramatic step forward over the weekend, Washington saw last ditch moves to prevent a US government shutdown with Democrats overwhelmingly backing an eleventh-hour Republican measure to keep federal funding going for 45 days.

The against-the odds deal to avert a shutdown is now soothing nerves across Wall Street, after a turbulent week of interest-rate spurred market disruptions. 

But it looks like market stress is rising over a wild week ahead even without a shutdown. 

Are we in a so-called gloom loop? 

On Money in the Market, Hongbin Jeong speaks to Thilan Wickramasinghe, Head of Equity Research, Maybank Securities to find out how markets are faring to start the new week and what risks still remain ahead. 

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The so-called “higher for longer” mantra is now the official stance of many major central banks. So is the cycle of rate hikes far from the end? What kind of impact will this then have on the global economy? Should you be concerned? On Money in the Market, Hongbin Jeong speaks to Shawn Sng, Credit Research Analyst, Fixed Income at Phillip Securities, a member of PhillipCapital, to find out more.

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On The Afternoon Update, Hongbin Jeong speaks to Emelia Tan, Research Analyst, SGX for a market wrap of the week. They discuss how the STI performed in the past week; the biggest movers; listing of TSH Resources Berhad; high oil prices and its impact on Singapore's shares; Singapore's inflation numbers; as well as how a potential US government shutdown could impact global markets in the coming week. 

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Singapore’s stock market largely followed global market sentiment with major central banks and their interest rate decisions in focus. So how are markets faring this week? What are some investment strategies we should explore when trading on the stock market here in Singapore? On Money in the Market, Hongbin Jeong speaks to Too Juncheong, Equity Dealer, Moomoo Singapore, to find out more. 

Highlights: 

02:05 - How will the higher for longer interest rate mantra impact Singapore's market?
02:53 - What are some sectors investors can look at to mitigate current risks?
04:20 - What are some investment strategies investors can look at? 
05:19 - Are there any dividend-paying stocks that investors can consider?
06:35 - Are bluechip banking stocks a worthwhile addition to our portfolios?

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It's now all too familiar: Federal Reserve officials have signalled to the world that interest rates are not dropping anytime soon. And another rate hike is in store before the end of the year. 

So what’s now the outlook on US markets? 

And is multi-asset investing providing a foundation for successful income investing with this backdrop? 

On Money in the Market, Hongbin Jeong speaks to Todd Brighton, Senior Vice President, Portfolio Manager, Franklin Income Investors, to find out more. 

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China's property market woes are going from bad to worse.

A Bloomberg Intelligence gauge of Chinese developer shares fell 1.2% today, a day after dropping the most this year as the crisis at real estate giant China Evergrande Group entered a new phase.

The developer scrapped key creditor meetings and said it must rethink its debt overhaul plan, raising the risk of a liquidation of the nation’s most indebted builder.

So how can this crisis be mitigated? And what is the impact on regional as well as global markets?

On Money in the Market, Hongbin Jeong speaks to Elke Speidel-Walz, Chief Economist Emerging Markets, DWS, to find out more. 

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Singapore’s core inflation moderated further in August from a year ago.

This reflected improvements to supply chains and lower import costs that give its central bank more breathing room to extend its pause on monetary tightening.

Official data showed that core inflation, tracked by the Monetary Authority of Singapore to determine policy settings, came in at 3.4% last month.

The measure, which excludes housing and private transportation costs, was lower than the median forecast of 3.5% in a Bloomberg survey of analysts.

What does this signal for Singapore's economy moving forward? 

And how might regional equities be impacted by Asian inflation more broadly?

On Money in the Market, Hongbin Jeong speaks to Abhishek Vishnoi, Senior Asia Equities Reporter, Bloomberg, to find out more. 

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On The Afternoon Update, Hongbin Jeong speaks to Geoff Howie, Market Strategist, SGX for market wrap of the week.

We find out how the STI fared in the past week; the biggest movers; the benefits of Singtel's sale of a 20 percent stake in its Southeast Asia data centre business; what's attracting CapitaLand Investment to the South Korean market; why Singapore's NODX numbers continue contracting; and the reasons behind MAS' higher capital requirements on "too-big-to-fail" insurers.

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