The Singapore stock market saw a decline on Friday, ending a two-day winning streak. The Straits Times Index finished 0.95 percent lower at 4,469.14, with financial, property, and industrial stocks leading the losses. However, global markets are upbeat on improved interest rate outlooks, with U.S. markets rallying on Friday. Wall Street closed higher, with the Dow up 1.08 percent, NASDAQ up 0.88 percent, and S&P 500 up 0.98 percent. The positive sentiment was fueled by optimism about potential interest rate cuts by the Federal Reserve. Crude oil prices slumped due to oversupply concerns. Singapore will release October consumer price figures today.

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