Singapore equities remained strong as DBS, OCBC and UOB delivered better than expected earnings, pushing the STI to fresh record highs. Solid bank fundamentals and shareholder returns continue to support market sentiment.
US markets were mixed as SpaceX climbed despite its US$100 billion share unlock, supported by strong retail buying. Investors remained focused on earnings, favouring companies with strong guidance while weighing on those with weaker outlook
Global sentiment remains constructive, supported by strong corporate earnings. Markets are now watching the US July Non-Farm Payrolls report and next week's CPI for the next market catalyst.
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