Market View: JPMorgan, Citigroup, Wells Fargo – US Bank earnings; PBOC leaves one year MTF unchanged;Middle East tensions; Apple’s Tim Cook in Vietnam; Singapore developer’s sales highest in 4 months;

Singapore shares opened lower today, tracking losses in the US market amid worries over tension and conflict in the Middle East. In early trade, the Straits Times Index (STI) fell 0.9 per cent to 3,186.89 points after 69.5 million securities changed hands in the broader market.  In terms of companies to watch, we have Elite Commercial Reit, after the manager said today that the Reit will expand its investment strategy to include other asset sectors in the UK in addition to its current focus on social infrastructure assets.  Elsewhere from Singapore developer’s sales jumping to the highest level in four months in March, to China’ central bank leaving a key policy rate unchanged, more corporate and international headlines are in focus.  Also on deck – Apple’s Tim Cook arrived in Vietnam, but what’s on his agenda? On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.See omnystudio.com/listener for privacy information.