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Author: traderhub8   |   Latest post: Fri, 13 Dec 2019, 8:27 AM

 

Phillip Capital Morning Note - 21 Jun 2019

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Apple is warning the US administration that proposed tariffs on Chinese imports would be counterproductive, saying they would hurt the iPhone maker's competitiveness and "tilt the playing field" to non-American rivals.

The prospect of Britain crashing out of the European Union without a deal has risen since last month, the Bank of England (BOE) warned Thursday, as it kept interest rates unchanged.

S&P 500 finished at a record high on Thursday, boosted by a rally in oil-linked shares amid new US-Iran tensions and continued positive sentiment over the Federal Reserve's dovish tilt.

Singapore's Straits Times Index (STI) continued to track higher, closing at 3,314.51, adding 26.34 points or 0.8 per cent.

KEPPEL Land, a unit of mainboard-listed Keppel Corp, has secured its first green loan facility via its subsidiary of Keppel LandChina, for the Phase 1 development of Seasons City in the Sino-Singapore Tianjin Eco-City.

CATALIST-LISTED Mercurius Capital Investment has received a deadline extension from the Singapore Exchange (SGX) till Aug 30 to demonstrate its business viability and retain its listing status.

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

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