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Phillip Capital Morning Note - 5 Jul 2019
traderhub8
Publish date: Fri, 05 Jul 2019, 08:49 AM
Oil prices fell in thin trade on Thursday, weighed down by data showinga smaller-than-expected draw on US crude stockpiles and worries about theglobal economy.
European shares closed at their highest in more than a year onThursday as Italian stocks surged on relief that Rome had avoided EuropeanUnion disciplinary action and rising expectations of looser monetary policy bymajor central banks.
The Straits Times Index (STI) finished 4.45 points or 0.1 per cent higher at 3,372.25. Markets were mixed in the Asia-Pacific, with Australia, Japan andSouth Korea closing higher. Meanwhile, China, Hong Kong and Malaysia endedlower.
The Accounting and Corporate Regulatory Authority has rejected an application from China Gaoxian Fibre Fabric Holdingsfor a further extension of time to hold its annual general meeting(AGM) and file its annual return for the financial year ended Dec 31, 2018.
The Hour Glass's Australian subsidiary hasentered into a sale-and-purchase agreement with 190 Edward St (as trusteefor BAMPS Trust) to acquire a freehold property in Brisbane, Australia for A$32million (S$30.5 million).
A SUBSIDIARY of food court operator Koufu Group has entered into ajoint-venture (JV) agreement to expand the Supertea and R&B Tea brands intoIndonesia.
The MSCI Singapore Index outperformed other Asia-Pacific indices in June, posting an8.4 per cent gain.
Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR
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