Market View: US Fed governor Michelle Bowman on inflation, US consumer confidence; OpenAI reportedly pitched to Biden Administration on massive data centres; Gold prices hovered near record highs; MAS CTREX panel; PBOC snips medium-term lending facility

Singapore stocks began the day trading in negative territory, despite gains in global equities overnight.

In early trade, the Straits Times Index (STI) shed 0.4 per cent to 3,608.22 points after 56.8 million securities changed hands in the broader market. 

In terms of developments to watch, the Monetary Authority of Singapore (MAS) has set up a Cyber and Technology Resilience Experts panel or the CTREX panel to help ensure the robustness of the country’s financial sector in these two areas. But what are the implications on the investing community?

Meanwhile, from more on gold prices staying near record highs, to comments by US Fed officials on the country’s fight against inflation, more international headlines remain in focus. 

Also on deck, how OpenAI has reportedly pitched the Biden administration on the need for massive data centres that could each use as much power as entire cities.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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