What’s moving in the markets - 6 Nov
Daily Sprout 🌱 (6 Nov AM)
US stocks rose on Friday after data showed US job growth cooled in October, easing concerns about further interest rate hikes.
S&P 500 ⬆️ 0.94%
Nasdaq ⬆️ 1.38%
DJIA ⬆️ 0.66%
🌱DBS reported a net profit of S$2.63 billion for the third quarter, 18% higher compared to the previous year due to higher net interest margin and higher commercial book non-interest income. DBS reported a dividend of 48 cents per share for the third quarter.
🌱Sembcorp Industries announced a target to grow its gross installed renewables capacity to 25 GW by 2028 as part of its strategic plan for 2023 to 2028.
🌱Venture reported net profit of S$203 million for the first nine month of 2023, a 25% decline compared to the previous year. The company’s net margin fell to 8.9% in 9M2023 from 9.6% in 9M2022.
Source: The Edge
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