Market View: US consumer inflation tops forecasts – Trump blames Biden for the unexpected acceleration; Singapore’s median household employment income up 1.4% in real terms in 2024; OpenAI plans to si

Singapore equities began the day in the negative territory, following mixed performance overnight in the US and Europe. In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,869.64 points after 52.1 million securities changed hands in the broader market. In terms of companies to watch, we have Seatrium after the offshore and marine specialist inked a memorandum of understanding (MOU) with BP Exploration & Production for a deepwater floating production unit (FPU).  Elsewhere, from US consumer inflation increasing more than expected in January, to OpenAI simplifying its AI products for users, more international and corporate headlines remain in focus.  Also of interest is how shares of fried chicken fast food chain Jollibee Foods climbed more than five per cent today. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments of the day.See omnystudio.com/listener for privacy information.