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Singapore Set To Raise The I R Tuesday

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April 10, 2006 06:39 AM ETSingapore Shares Fall on Rates

All Associated Press NewsSINGAPORE (AP) - Singapore shares closed lower Monday, led by property stocks like City Developments Ltd. and Keppel Land Ltd., which fell on bearish reports by analysts and concerns that
global interest rates could continue rising for some time.
The Straits Times Index ended down 6.13 points, or 0.2 percent, at 2,545.92. Decliners led advancers 387 to 195 while trading volume fell to 1.04 billion shares from Friday's 1.24 billion shares.
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Local investors were awaiting the Monetary Authority of Singapore's semiannual monetary policy statement early
Tuesday, which is expected to signal a further tightening of policy.
Casting a pall over Singapore and other regional markets Monday was the 0.9 percent decline in the Dow Jones Industrial Average Friday following the release of stronger-than-expected U.S. payrolls data for March. The news prompted concerns the U.S. Federal Reserve could continue raising interest rates in the foreseeable period.

Tick tock, tick tock....... :o

TTRTRates here soon.

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  • 335 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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