Market View: US April nonfarm payrolls, Apple and Live Nation Entertainment’s earnings, DBS’ disruption post record earnings and more

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

Singapore stocks inched up at the opening bell this morning, mirroring overnight gains in the US market.

In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,304.53 points after 29.5 million securities changed hands in the broader market.

In terms of companies to watch today, we have DBS. The lender yesterday experienced a disruption to its mobile banking services. Outage tracking site Downdetector recorded more than 3,000 reports made from around 5.45 pm about issues relating to DBS’ mobile banking.

That’s shortly after the bank posted a 15 per cent year-on-year rise in first-quarter net profit to S$2.95 billion, a new high for the company.

Meanwhile, from more on Apple’s quarterly profit ebbing, to Ticketmaster parent Live Nation Entertainment’s latest earnings, more corporate headlines remain in focus.

Plus – what does it mean for Singapore to be the top recipient of Q1 cross-border investments in APAC?

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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