Singapore's Economic Outlook Sends Mixed Signals for Global Markets
TL;DR Summary
Asian shares rose as Singapore paused its policy tightening and the US Federal Reserve was seen nearing a pause after a soft producer price report. The Monetary Authority of Singapore (MAS) joined central banks in Canada, Australia and India in putting hikes on hold. The euro led the currency pack as the European Central Bank stays stubbornly hawkish. Investors are now bracing for earnings from Citigroup, Wells Fargo and JPMorgan Chase & Co which could test the bullish mood given recent stress in the sector.
- Asia shares gain as Singapore stops tightening, euro climbs Reuters
- Singapore Halts Policy Tightening After First-Quarter GDP Slump Bloomberg Television
- Singapore's central bank warns of dim growth in 2023, but expects inflation to be significantly lower by year end CNBC
- Global Economy: Singapore has just sounded an alarm Moneycontrol
- Global Economy: Singapore Has Just Sounded the Alarm Bloomberg
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