Daily Morning Note – 6 Dec 2019
WEEKLY MARKET OUTLOOK WEBINAR
Global stocks continue to inch higher on the back of the positive noise surrounding a potential trade deal. Overnight, the MSCI Asia Pacific Index added 0.5%. Japan’s Topix index also closed 0.5% higher after a somewhat muted reaction to the announcement of a 26 trillion yen ($239 billion) government stimulus plan. In Europe, the Stoxx 600 Index had gained 0.4% by 5:50 a.m. Eastern Time. S&P 500 futures pointed a positive open, the 10-year Treasury yield was at 1.784% and gold was flat.
An audit of the Queen Mary lease agreement by the City of Long Beach’s auditor will be commencing, in a bourse filing by Eagle Hospitality Trust (EHT).
Manulife US Reit will be included in the FTSE EPRA Nareit Global Developed Index with effect from Dec 23, 2019, the manager of the pure-play US office real estate investment trust said in a bourse filing on Thursday.
Mapletree Logistics Trust has been added to the Straits Times Index (STI), while Golden Agri-Resources will be excluded, following the latest quarterly review of the STI by FTSE Russell.
Singtel has named Kelly Bayer Rosmarin as CEO designate of both Optus and Consumer Australia, the telco announced in press statement on Thursday.
Keppel Infrastructure Holdings’ indirectly wholly-owned subsidiary Keppel Energy Switzerland Holding AG is investing 53.02 million euros (S$80 million) for a 20 per cent stake in MET Holding AG (MET Group), an integrated European energy company headquartered in Switzerland.
Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR
Webinar Of The Week
Date: 2 December 2019
Phillip Research in 3 minutes: #16- JEP Holdings Ltd
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