The Afternoon Update with Lynlee Foo

After a mostly strong quarter in the US equity market, equity valuations remain mixed across regions, with the global average skewed to look expensive by the Magnificent 7 in the US. St. James’ Place's recent report "FOMO: We Choose Fundamentals" highlights the current performance of the US equity market and how investors should explore the dynamics that’s shaping today’s investment landscape. On Money in the Market, Hongbin Jeong speaks to Angelina Lai, Chief Investment Officer, St. James’ Place,to find out more about the key findings of the report.

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On What’s Trending, the creator of Netflix’s new hit series titled Baby Reindeer might be getting a lawsuit against him. Also, NASA’s Webb Space Telescope captured detailed images of the Horsehead Nebula. And lastly, zebras went on the loose at Washington.

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This week on Wall Street, all eyes will be on the Federal Reserve’s interest rate decision. The Fed is widely expected to hold interest rates steady. But when will rate cuts begin? More specifically, how many rate cuts can we expect by year-end? On Money in the Market, Hongbin Jeong speaks toTareck Horchani, Head of Dealing, Prime Brokerage, Maybank Securities, to find out more.

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On What’s Trending, a gold pocket watch auctioned from the Titanic cemented its status as a new world record for Titanic memorabilia. Our fur friends also made headlines this week - a dog became a ring bearer during its owners wedding and Seoul has a new paw-trolling team.

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On The Afternoon Update, Hongbin Jeong and Sean Cheong discuss a popular seasonal trade strategy - Sell in May and go away. But should you sell in May given the current market conditions? Or should you buy?

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The Magnificent Seven is in focus this week, as a slew of earnings from the big tech behemoths was released. Tesla kicked off the earnings from big tech, followed by Meta Platforms’ disappointing outlook, leading to a drop in tech stocks. But tech stocks saw revival after Alphabet and Microsoft crushed forecasts. On Money in the Market, Hongbin Jeong speaks toToo Juncheong, Equity Dealer, Moomoo Singapore, to find out more about the latest tech earnings.

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On The Afternoon Update, Hongbin Jeong is joined byDan Chang C S, Trading Rep, Phillip Securities, for a market wrap of the week. They discussed how the STI fared in the past week, the biggest movers, a look-back on the slew of S-REITs earnings results, and what to expect in the rest of the earnings season.

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RHB, Malaysia’s fourth-largest bank by assets has announced ambitious climate targets.

Setting its sights on net zero by 2050 and increasing its sustainable finance target to RM50 billion by 2026.

The news was shared at the inaugural RHB sustainability media day.

Speaking at the session, Mohd Rashid Mohamad Group Managing Director / Group Chief Executive Officer of RHB Banking Group shared that the goals are the result of over a year of work under the group climate action programme.

Rachel Kelly with the details.

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Japanese authorities are keeping a close eye on currency markets as the yen has fallen to a fresh 34-year low against the dollar. Now this has further fueled speculation of an intervention to support the currency. So what would an intervention look like? And what can we expect in currency markets ahead of Japan's interest rate decision on Friday? On Money in the Market, Hongbin Jeong speaks toKelvin Wong, Senior Market Analyst, Oanda, to find out more

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On What’s Trending, NASA and Nokia are planning to introduce 4G cellular network on the moon. Also, a new fried snack has been introduced - fried dandelions.

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