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Phillip Capital Morning Note - 4 Oct 2019

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Publish date: Fri, 04 Oct 2019, 10:00 AM
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Bank of Japan (BOJ) deputy governor Masazumi Wakatabe on Thursday said he expects global trade tensions to persist for quite some time and said the central bank will act as appropriate to boost the economy as needed.

American services industries, the main driver of the world's largest economy, deteriorated unexpectedly in September, falling to the weakest level in three years, according to an industry survey released Thursday.

Wall Street stocks climbed on Thursday after data showing US services-sector activity at a three-year low fuelled expectations that the Federal Reserve would cut interest rates to stem a wider economic downturn.

IYUNO Media Group CEO David (Hyonmoo) Lee on Thursday was named the overall EY Entrepreneur Of The Year (EOY) 2019 Singapore by professional services organisation EY.

ASCENDAS Real Estate Investment Trust (Reit) is acquiring its fourth suburban office property in Australia for A$110.9 million (S$104.4 million), the Reit's manager announced on Thursday after market close.

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

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