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Phillip Capital Morning Note - 7 Jun 2019

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Publish date: Fri, 07 Jun 2019, 10:54 AM
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The European Central Bank pushed back the timing of its first post-crisis interest rate hike again on Thursday and said it would continue paying banks for lending in its latest effort to revive a slowing euro zone economy.

The International Monetary Fund on Thursday warned the United States that escalating trade disputes or an abrupt downturn in financial markets could pose substantial risks for the US economy.

Japan will explain to G-20 members its plan to proceed with a planned sales tax hike in order to fund social security for all generations, the top government spokesman said on Thursday.

Wall Street stocks finished solidly higher for a third straight session on Thursday following a report that the White House could delay tariffs on Mexican imports.

Singapore's Straits Times Index (STI) closed at 3,146.18, up 3.81 points or 0.1 per cent on Thursday.

ST Engineering and Finnish telecom firm Nokia have entered into a partnership agreement to cross-sell their solutions - including in key areas like 5G, the Internet of Things (IoT), analytics and automation - to their Asia-Pacific customers.

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

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