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Phillip Capital Morning Note - 16 Oct 2019

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Publish date: Wed, 16 Oct 2019, 11:05 AM
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The pound rallied on Tuesday to five-month peaks amid optimism over a breakthrough in Brexit talks while Wall Street stocks rebounded following an upbeat start to earnings season.

Oil prices fell on Tuesday, as investors worried that the unrelenting US-China trade war would keep squeezing the global economy, and that swelling US crude inventories would further pressure prices.

Wall Street stocks surged on Tuesday following a batch of mostly good corporate earnings while investors shrugged off a downcast IMF forecast that emphasised the drag from trade wars.

SINGAPORE Press Holdings (SPH) has partnered real estate asset manager Bridge C Capital to set up a fund focused on investing in aged care and healthcare assets in Japan.

HIGHER contribution from its assets - VivoCity, Mapletree Business City (MBC) I, PSA Building and Bank of America Merrill Lynch HarbourFront Mapletree Commercial Trust - boosted Mapletree Commercial Trust's (MCT) second-quarter performance, all except for Mapletree Anson.

KEPPEL Pacific Oak US Reit (KORE), previously known as Keppel-KBS US Reit, on Tuesday posted a third-quarter distribution per unit (DPU) of 1.50 US cents, unchanged from the same period a year earlier.

KEPPEL DC Reit on Tuesday posted a third-quarter distribution per unit (DPU) of 1.93 Singapore cents, up 4.3 per cent from 1.85 cents in the same period a year earlier.

MAINBOARD-listed food and beverage player BreadTalk Group has obtained regulatory approval for its buyout of food operator Food Junction, paving the way for the group to become the third-largest food-court operator in Singapore.

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

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