fell almost 1%. The bank posted a first-quarter net profit of 1.47 billion Singapore dollars , beating the mean estimate of SG$1.43 billion from analysts polled by LSEG.Traders will also brace for key economic data out of China and Japan on Thursday, with China releasing its April trade data and Japan announcing its March pay statistics.Dow Jones Industrial Averagefirst-quarter net profit of 1.
However, UOB highlighted that net fee income grew 5% year over year to SG$580 million, driven by loan-related, wealth management and credit card fees. Nintendo's fourth-quarter results largely beat analysts expectations, except on revenue. It recorded 277.1 billion Japanese yen in sales versus the 280.6 billion yen expected.an ounce in April as tensions in the Middle East escalated. Spot gold is currently trading around 12% higher over the year to date.
"China ETFs are among the few categories that have seen more net inflows than have current AUM – along with long duration bonds and long volatility . We'd remind investors that the region's 30-year return is roughly 0%, so timing each side of the trade can be challenging," Strategas ETF strategist Todd Sohn said in a note to clients Tuesday.
Minneapolis Federal Reserve President Neel Kashkari said Tuesday that he expects the central bank to sit tight on interest rates for an extended period, and did not rule out the possibility of a hike if the inflation metrics do not cooperate.
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