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Singapore Shares Fall, Weighed by REITs, Bank Stocks -- Market Talk
Express News | Singapore stock market opens: the FTSE Singapore Straits index rises by 0.18%, capland intcom t rises over 1%.
Singapore Shares May Take Further Damage On Thursday
uob: The persistently high core inflation rate supports the australia Reserve Bank in maintaining a wait-and-see approach.
On November 27th, UOB economist mentioned that it is unlikely for Australia to cut interest rates before the first quarter of 2025. The inflation data from October showed that core inflation remains high. Economist Lee Sue Ann stated that the overall CPI decline may be temporary, as it was caused by temporary subsidies, while the basic inflation rate is still above the Reserve Bank of Australia's target of 2%-3%. In addition, the Australian labor market remains strong, with the unemployment rate remaining stable for the third consecutive month in October. The Reserve Bank of Australia earlier this month expressed hope for a significant decrease in inflation.
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