International oil prices fell. On the New York Mercantile Exchange, the price of light sweet crude oil futures for June delivery fell $4.15 to settle at $102.27 per barrel, a drop of 3.9%; the price of Brent crude oil futures for July delivery on the London ICE Futures Exchange fell $4.57 to settle at $109.87 per barrel, a drop of 3.99%.
Customer deposits rose 9% YoY to S$629.9B, with more than two-thirds in CASA. CEO Tan Su Shan upgraded full-year deposit growth guidance to "high to higher single-digit." Low-cost CASA inflows are sticky — this is a structural, not cyclical, tailwind.
The Momentum factor is up +25% YTD, with hedge fund Momentum net exposure near 5-year highs. The divergence is extreme: semiconductors +30% since the Iran War (Feb 28), but equal-weight S&P -1%, Consumer Staples -5%, Health Care -9%.
Google Cloud's acceleration was the biggest surprise of the night: +63.4% from +48% last quarter, Cloud op margin cracking 30% for the first time. Management's exact words: "If we had more compute, cloud revenue would have been higher."
$Seagate Technology PLC(STX)$ released its earnings last night. Goldman Sachs analysts raised their price target from $385 to $700 on the same day — an 82% increase within three hours, with normalized EPS estimates revised from $17.50 to $32.00.
$Seagate Technology PLC(STX)$ released its earnings last night. Goldman Sachs analysts raised their price target from $385 to $700 on the same day — an 82% increase within three hours, with normalized EPS estimates revised from $17.50 to $32.00.
As of the evening trading session on April 29, 2026, Eastern Time, the crude oil and gold futures markets showed a pronounced divergence. The Light-Sweet Crude Oil (CLmain) front-month contract surged significantly, closing above the $106 level, with expanded intraday trading range and active volume; meanwhile, gold (GCmain) front-month contract retraced, closing near $4,588.8 per ounce, despite hitting an intraday high of $4,594.1 during the session, and finishing lower than the prior settlement.
On April 27, the board of directors approved a 5% increase in the quarterly cash dividend to $0.22 per share, which will be distributed on June 15, 2026, to all shareholders of record across all share classes.
After the DOJ dropped its investigation into Powell, OIS rates fell, as the market interpreted Warsh’s potential appointment as implying more room for rate cuts this year. But Goldman’s Jan Hatzius team directly stated: “We are less confident in this.” Warsh and Powell share very similar core views on inflation and rate policy.
CGS International forecasts a −3 bps sequential NIM decline, driven by falling SORA and HIBOR. 3-month SORA dropped sharply since the start of the year. DBS had already guided for SORA at 1.25% and two Fed rate cuts in 2026 — any rate path deviation will move guidance.