Singaporean Industrial Production MoM (Feb) M/M -7.2% (Prev. 5.3%)
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Turkish oil tanker was hit by a drone in the Black Sea near Istanbul
US Treasury Secretary Besant said to have discussed ways to recast ties between the Fed and the Treasury in the Bank of England's image, and praises BoE's market intervention capabilities, according to FT
Singaporean Industrial Production MoM (Feb) M/M -7.2% (Prev. 5.3%)
Philippines suspends electricity market due to Middle East conflict and proposes modified administered pricing by April 1st, cites fuel supply risks and price volatility for the suspension
UAE Ministry of Defence announced activation of the country's defence system to counter Iran's missile and drone attacks, according to Tasnim
On the Newsquawk feed at , 20 minutes before this page.
Context
The significant drop in Singapore's industrial production for February, from a prior increase of 5.3% to a decline of 7.2%, suggests potential weakness in manufacturing and broader economic activity. This sharp contraction could raise concerns regarding growth prospects in Singapore, impacting sentiment in currencies linked to the region, particularly the SGD.
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