Market View: Change in Trump’s stance on Fed Chair Jerome Powell, trade with China; STI performance on Nomination Day; IMF projects global growth to slow to 2.8% in 2025 – poorest showing since Covid-

Singapore shares rallied today alongside regional gains seen in Asia.  The Straits Times Index was up 1.02% at 3,833.95 points at 12.20pm Singapore time, with a value turnover of S$731.19M in the broader market. In terms of counters to watch, we have Keppel Real Estate Investment Trust, after the Reit manager reported today a net property income growth of 13.3 per cent year-on-year to S$54.6 million in Q1 of 2025.  Meanwhile, developments in the US remain in focus given a change in stance by the Trump administration on the Federal Reserve and on trade with China.  That’s as US President Donald Trump said overnight that he had “no intention” of firing Federal Reserve Chair Jerome Powell, while signalling a more conciliatory approach to the trade war with China.  On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.See omnystudio.com/listener for privacy information.