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Writer's pictureAda Tam Ying Ying

Date 16 May 2024 : Stocks surge on CPI; US Inflation data CPI cooled slightly, ease tension to Consumers and the Fed


United States

Inflation Data Summary

Core CPI YoY Apr : 3.8% to 3.6% ⬇️

Core CPI MoM Apr : 0.4% to 0.3%  ⬇️ CPI YoY Apr :  3.5% to 3.4% ⬇️

CPI MoM Apr :  0.4% to 0.3% ⬇️


Core Retail Sales MoM Apr:  0.9% to 0.2% 🔻

Retail Sales MoM Apr:  0.6% to 0% 🔻


Prior to above data: Powell Speech on last Tues

Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady




 

Singapore

Date 15 May 2024 : MSCI announces five deletions for Singapore including CDL


5 counters being removed from the MSCI Global Standard Indexes City Development Jardin C&C Mapletree Logistics Mapletree Pan Asia Comm Seatrium Thing to take note: "By end-May, only 16 SGX-listed stocks will remain in the MSCI Singapore section. "The overall allocation to the Singapore market by index funds (or any funds) may drop..."


"Elsewhere, China had net deletions, but India had net additions."



 

Date 16 May 2024 : Singapore Airlines posts record quarterly revenue of $5.08 bil for 3QFY2024, as North Asia air travel rebounds


 

China, Hong Kong JD.com and Baidu Earning ahead Putin Visit to China Putin arrives in China to deepen strategic ties with Xi https://www.reuters.com/world/putin-visit-chinas-xi-deepen-strategic-partnership-2024-05-15/




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