Market View: US PCE index expectations; Protracted property downturn in China eats into balance sheet of state banks; Impact of Baltimore’s Francis Scott Key Bridge collapse on insurance premiums and shares of shipping counters; Amazon investing an additi

The Evening Runway with Elliott Danker, Timothy Go and Chua Tian Tian

Singapore shares entered the morning session barely moved, as gains from travel and hospitality-related index counters clashed with a weaker showing from banks.

In early trade, the Straits Times Index (STI) edged up 0.03 per cent to 3,252.69 points after 35 million securities changed hands in the broader market.

In terms of companies to watch, we have ESR-Logos Reit, after its manager said today that it obtained a S$200 million sustainability-linked unsecured revolving credit facility agreement.
Elsewhere from China’s protracted property downturn eroding the balance sheets of state banks to the monetary cost of the Baltimore bridge collapse to insurers and the impact on shipping lines – more international headlines are in focus.

Also on deck, Amazon is investing an additional US$2.75 billion in AI startup Anthropic.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.

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