Market View: US Fed holds off rate cuts, expects two cuts in 2025; Trump says Fed would be better off cutting rates; Impact of Fed rates local banks, S-REITs; Nvidia’s Jensen Huang on Intel; SoftBank

Singapore shares rose today as investors continue to mull a move by the US Federal Reserve to hold interest rates.  The benchmark Straits Times Index (STI) was up 0.6 per cent at 3,931.3 points at  around 10 am.  In terms of companies to watch, we have Sembcorp Industries after units of Sembcorp Industries and Sarawak Energy tied up with Prysmian for a hydropower project that could supply Singapore with 1 gigawatt (GW) of green electricity from the Malaysian state.  Elsewhere, from the US Federal Reserve holding off on interest rate cuts and the implication on Singapore banks and S-REITs, to how Softbank Group said it would acquire Ampere Computing in a US$6.5 billion all-cash deal – more international and corporate headlines remain in focus.  Also on deck – Nvidia CEO Jensen Huang saying that his company had not been approached about purchasing a stake in Intel.  On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.See omnystudio.com/listener for privacy information.