Singapore REITs Spike Up Today - What You Need to Know
Over the past year, the aggressive interest rate hikes by global central banks, including the U.S. Federal Reserve, have weighed heavily on Singapore REITs. Higher borrowing costs have squeezed their distribution payouts, and investors have grown increasingly cautious, leading to dampened unit prices.
However, the tide may be starting to turn. Just yesterday, the U.S. reported a lower-than-expected inflation rate for the month of June. This development has set the stage for the Federal Reserve to potentially cut its interest rate in the coming months. For Singapore REITs, this could be the light at the end of the tunnel they've been desperately seeking.
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