The European Central Bank will meet on Thursday and is expected to cut interest rates and introduce a stimulus package to arrest the issues faced by the eurozone, IG market strategist Pan Jingyi said.
Among Singapore equities, a dealer told The Business Times that he expects Hutchison Port Holdings Trust to continue its downtrend due to global economic slowdown effects and funds closing positions ahead of it being dropped from the STI on Sept 23. "On the domestic front, Singapore's July retail sales data should speak to domestic economic conditions as the city-state contends with external headwinds," FXTM market analyst Han Tan said.
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