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

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 expectations to China central bank selling cash deposits at record low rates, and Alibaba not selling any part of its stake in Ant Group’s share buyback, more international headlines are in focus.  Not to mention the blue chip Dow closing higher for the 10th straight day, its longest rally in about 6 years.  On Market View, the Drive Time team unpacked the developments with David Kuo, Co-founder, The Smart Investor.See omnystudio.com/listener for privacy information.