Singapore shares closed 0.95 percent higher on Monday, as investors bet China will loosen monetary policy following weekend Chinese data.
China's factory sector unexpectedly shrank for the first time in nearly two-and-half years last month and firms see more gloom ahead. The official Purchasing Managers' Index (PMI) fell to 49.8 in January, a low last seen in September 2012 and below the 50- point level that separates growth from contraction on a monthly basis.
Bank of America Merrill Lynch said the market is expecting loose monetary policy to jumpstart growth again. Deutsche Bank Research also predicted a 50 basis-point cut to Chinese banks' reserve ratio requirements in March and an interest rate cut sometime in the second quarter.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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