Market View: Dow closes at fresh record high; US PCE Price Index Expectations; SIA receives approval for FDI into entity resulting from Vistara - Air India merger; Uber “committed” to South Korean market

Singapore shares rose this morning, after US indices were mixed and Europe’s main stock index closed higher overnight.

In early trade, the Straits Times Index (STI) was up 0.4 per cent at 3,418.01 points after 55 million securities changed hands in the broader market.

In terms of companies to watch today, we have Singapore Airlines. The flag carrier today announced it received approval from India’s government for foreign direct investment into the entity resulting from the merger Vistara and Air India. 

Elsewhere, from more on the US Dow Jones Industrial Average logging a record high, to expectations on the latest US PCE Price Index numbers, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

See omnystudio.com/listener for privacy information.