What’s’moving in the markets - 7 Jun AM
Beansprout’s Daily Sprout 🌱 (7 Jun AM)
Chinese stocks in the US rose with rising optimism for government stimulus, after authorities asked the largest banks to lower their deposit rates.US Secretary of State Antony Blinken’s planned visit to China in the coming weeks eased concerns about US-China tensions.
S&P 500 ⬆️ 0.24%
Nasdaq ⬆️ 0.36%
DJIA ⬆️ 0.03%
🌱Challenger Technologies’ $Challenger (573.SG)$ chairman has improved the privatisation offer to 60 cents per share, compared to an earlier offer of 56 cents. The offeror does not intend to revise the final offer consideration.
🌱Yanlord Land $Yanlord Land (Z25.SG)$ reported total contracted pre-sales of RMB 6.1 billion for the month of May, 437% higher than the previous year. The key contributors of pre-sales were in the Chinese cities of Nanjing, Tianjin, Jinan, Suzhou and Haikou.
🌱Mapletree Industrial Trust’s $Mapletree Ind Tr (ME8U.SG)$ third largest tenant has initiated bankruptcy proceedings in the US. The tenant represents about 3.2% of the REIT’s gross rental income as of 31 March, and has met its full rental obligations for the month of April.
Source: SGX
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