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Author: traderhub8   |   Latest post: Wed, 20 Nov 2019, 4:55 PM


Phillip Capital Morning Note - 19 Jun 2019

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US President Donald Trump and China's Xi Jinping said Tuesday they plan to meet next week at the Group of 20 summit in Japan, raising hopes for a truce in an increasingly damaging trade war between the world's top two economies.

The European Central Bank (ECB) will ease policy again if inflation fails to accelerate, ECB President Mario Draghi said on Tuesday, signalling one of the biggest policy reversals of his eight-year tenure and provoking the ire of US President Donald  Trump.

Facebook's new digital currency goes according to plan, it could one day compete with payment giants Visa, Mastercard and PayPal Holdings. But for now, all three are set to work with the social-media company on the venture.

Wall Street stocks rallied on Tuesday on upbeat comments on trade by the US and China ahead and as the ECB signaled it could cut interest rates.

US stocks opened at their highest level in six-weeks on Tuesday, with Nasdaq leading the charge, as dovish calls from the European Central Bank (ECB) raised expectations of a similar accommodative stance from the Federal Reserve.

KEPPEL Infrastructure Trust (KIT) on Tuesday proposed to issue S$100 million of subordinated perpetual securities at 4.75 per cent.

KEPPEL Reit's nearly 80 per cent owned subsidiary Ocean Properties has obtained a secured green loan facility worth S$505 million.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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