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Author: traderhub8   |   Latest post: Wed, 18 Sep 2019, 9:14 AM

 

Phillip Capital Morning Note - 21 Aug 2019

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European shares fell on Tuesday after two sessions of robust gains as optimism over hopes of stimulus in major economies waned and investors awaited more guidance from central banks.

Wall Street stocks fell on Tuesday, snapping a three-session winning streak amid lingering unease over global growth and the US-China trade war.

SINGAPORE equities continued to sail ahead on Tuesday on investor hopes of accommodative central bank policies, fiscal stimulus by governments and what appears to be an easing of tensions between the US and China.

DIRECTORS and legal counsel of Pine Capital Group subsidiary Advance Capital Partners Asset Management (ACPAM) were replaced at an extraordinary general meeting (EGM) on Aug 12, Pine Capital announced in a Singapore Exchange filing on Tuesday.

SOILBUILD Business Space Reit tenant NK Ingredients, which owes almost S$3.4 million to the real estate investment trust, has been put under judicial management, said the Reit's manager in a filing on Tuesday.

Three new firefighting vessels, including one the Singapore Civil Defence Force (SCDF) touted as the “world’s most powerful firefighting vessel”, was commissioned by Home Affairs and Law Minister K Shanmugam. SCDF worked closely with the Defence Science and Technology Agency, as well as local shipbuilders Penguin International and ST Engineering’s Marine arm. (https://www.youtube.com/watch?v=ctJRC0vQ0Fw)

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

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