Market View: Trump to nominate Scott Bessent as Treasury Secretary; US Oct PCE Price Index, earnings lookahead; Singapore’s Oct core inflation at 2.1% yoy; RHB upgrades SG bank stocks; Adani dollar bo

Singapore stocks traded higher today as they followed other markets in the region in making gains. As at noon, the Straits Times Index (STI) shed some earlier gains, climbing around 0.2 per cent to 3,754.88 points after 35.6 million securities changed hands in the broader market. In terms of companies to watch, we have City Developments Limited. The property giant and its joint venture associates posted S$611.1 million in sales for the third quarter ended September, up from S$325 million in the corresponding period last year. Elsewhere, from how Singapore’s core and headline inflation came in lower than expected in October, to how Adani’s dollar bond prices fell to almost one -year lows today – more local and corporate headlines remain in focus.  On Market View, Money Matter’s finance presenter Chua Tian Tian unpacked the developments with Thomas Chua, Founder, Steady Compounding.See omnystudio.com/listener for privacy information.