Singaporean GDP Growth Rate QoQ Adv (Q1) Q/Q -0.3% vs. Exp. -0.5% (Prev. 2.1%)
Singapore's GDP contracted by 0.3% in Q1, beating expectations of -0.5% and significantly down from the previous quarter's 2.1% growth.
US aircraft carrier USS George H.W. Bush is sailing off the coast of Africa and is heading to the Middle East to join Operation Epic Fury, according to two US officials cited by WSJ
[MARKET UPDATE] Asia-Pac stocks are higher following the rebound on Wall St, amid optimism regarding US-Iran peace talks which are said to remain ongoing and with the sides reportedly discussing another round of face-to-face discussions
Singaporean GDP Growth Rate QoQ Adv (Q1) Q/Q -0.3% vs. Exp. -0.5% (Prev. 2.1%)
US and Iran discussing another round of face-to-face talks to secure longer-term ceasefire after Islamabad negotiations ended without a deal, while officials aim to meet again before two-week ceasefire expires next week, according to Clash report
Japanese Finance Minister Katayama says to discuss financial markets and energy conditions with counterparts at meetings and ready to roll out measures to support Asian nations
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This contraction, while better than feared, marks a notable slowdown in economic activity that could influence monetary policy and investor sentiment across the region.
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