Market View: Fast Retailing’s earnings as a bellwether of China’s retail recovery; Sumitomo Mitsui Financial Group launches digital bank in US; Japan’s wholesale inflation slowed for sixth straight month; New Zealand’s central bank pauses interest rate hikes; US inflation expectations

Your Way Home with Hongbin Jeong · Jul 12, 2023 · 11m

Singapore shares started the day on a softer note despite overnight gains on the global market. In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,159.74 points after 63.7 million securities changed hands in the broader market. In terms of companies to watch for today, we have UOL Group and Singapore Land Group. This comes as the Housing and Development Board announced the award of a mixed-use land parcel in Tampines to a joint venture between a UOL-Singapore Land consortium and CapitaLand Development. Elsewhere, from Fast Retailing’s earnings being a bellwether of…