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Author: traderhub8   |   Latest post: Thu, 22 Aug 2019, 11:59 AM

 

Phillip Capital Morning Note - 26 Jul 2019

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Federal Reserve expected to cut rates for first time in a decade this month: Poll

European stock markets turned into a sea of red on Thursday after the European Central Bank signalled monetary policy easing ahead, but disappointed investors who sought more clarity on its action to stimulate a slowing economy.

Wall Street opened slightly lower on Thursday after a clutch of earnings reports pointed to a slowing global economy, while the European Central Bank opening the door to future interest rate cuts limited losses.

Apple agreed Thursday to pay US$1 billion to acquire the majority of Intel's smartphone modem business, a move giving the iPhone maker more control over its supply chain.

SINGAPORE'S medical device market is projected to register a compound annual growth rate (CAGR) of 8.4 per cent from 2018 to 2023, down from a previous estimate of 9.1 per cent, with the industry valued at some S$1.3 billion in 2023, according to a report by Fitch Solutions Macro Research on Thursday.

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

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