What’s happening in the markets - 19 Mar
Daily Sprout 🌱 (19 Mar)
The S&P 500 closed higher with gains led by tech stocks. Japanese stocks soared on expectations that the Bank of Japan will end its negative interest rate regime.
STI ⬇️ 0.03% HSI ⬆️ 0.10% NKY ⬆️ 2.67%
S&P 500 ⬆️ 0.63% Nasdaq ⬆️ 0.82% DJIA ⬆️ 0.20%
What's Sprouting
🌱 SingPost has completed its strategic review which will involve five “strategic thrusts” to be executed over the next three years, including the reorganisation of the group into three business units. The company will also endeavour to pay out 30 to 50% of its underlying net profit as dividends from FY2024 to FY2025. The Board is of the view that the current share price “does not appropriately reflect the intrinsic value of the company”.
🌱 Nvidia unveiled a new AI processor called Blackwell that is multiple times faster at handling models that underpin AI, in a move that is aimed at extending the company’s dominance in AI computing.
🌱 Alphabet’s shares jumped after Bloomberg reported that Apple is in talks to build Google’s Gemini AI engine into the iPhone.
Source: SGX, Bloomberg
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