The Singapore stock market has been on an eight-day winning streak, gaining over 110 points. The global market outlook is cautiously optimistic due to easing inflation concerns. The STI closed higher on Wednesday, led by gains in industrials and REITs. In Wall Street, major averages opened higher, with the Dow rising 0.53 percent. President Trump’s discussion about firing the Federal Reserve Chair caused some market pressure, but it bounced back. Crude oil prices fell for the third day, and Singapore awaits June data for non-oil domestic exports after a 12 percent drop in May.

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