Singapore banks report strong profits amid interest rate uncertainty
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Following higher quarterly profit, shares of Britannia Industries rose as much as 4.7%, signalling stronger demand
The nation’s dollar debt spreads, however, have tightened in recent months to levels comparable to emerging-market peers with investment-grade ratings.
The Euro (EUR) is trading flat around 1.1520 against the US Dollar (USD) on Friday, following a mild pullback from three-week highs at 1.1560 and on track for a minor weekly decline.
ING analysts Warren Patterson and Ewa Manthey note renewed strength in Oil, with ICE Brent rallying back above $82/bbl as obstacles to a US-Iran deal persist.