Singapore Inflation Progress Signals Cooler Full-Year Prints -- Market Talk

Dow Jones07-24

0538 GMT - Singapore's June CPI shows progress on the inflation front that prompts OCBC to cut its forecasts for full-year headline and core readings. "The key contributors to the softer June inflation prints were a decline in private transport costs," says Selena Ling, head of research and strategy. OCBC cuts its 2024 headline inflation forecast to 2.6% from 2.8%, assuming it will average around 2.4% in 2H. The outlook also assumes, among other things, that the current bout of port congestion and shipping rerouting won't worsen significantly, and that the U.S. election won't yield further surprises, whether on trade tariffs or other economic policy, Ling says in a note. OCBC also tweaks its core inflation view to 2.9% from 3.0%, assuming it averages around 2.7% in 2H. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

July 24, 2024 01:38 ET (05:38 GMT)

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Singapore's June CPI shows progress on the inflation front that prompts OCBC to cut its forecasts for full-year headline and core readings. \"The key contributors to the softer June ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1522347837.USD","symbol_name":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2453204710","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453204710","pubTimestamp":1721799480,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2024 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","IE00B97KM107.HKD":"FSSA ASIAN EQUITY PLUS \"I\" (HKD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0251143029.SGD":"Fidelity ASEAN A-SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","BK4097":"系统软件","BK6112":"综合性银行","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","PRGS":"Progress Software Corporation","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","LU1206712785.SGD":"Aviva Investors - 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