Market View: Singapore’s core inflation down to 4.2% yoy in June; India’s GDP expectations; Bain to acquire 90% of Adani Capital, Adani Housing; China to stimulate economy; Alibaba Group to not sell Ant Group’s shares; Dow Jones’ 10-day rally

Your Way Home with Hongbin Jeong · Jul 24, 2023 · 13m

Singapore stocks opened slightly higher today amid a mixed performance among index counters. That’s after the global markets closed mostly in positive territory on Friday. In early trade, the Straits Times Index (STI) was up 0.1 per cent to 3,281.14 points, after 68.2 million securities changed hands in the broader market. In terms of companies to watch for today, we have Cromwell European Real Estate Investment Trust after its portfolio valuation for the half year ended June 2023 fell a further 1.6 per cent to about 2.3 billion euros (S$3.4 billion). Elsewhere from India’s GDP growth…