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Yen strengthens 1% against dollar amid shifts in interest rate expectations

Market sentiment has been shifting as traders anticipate the outcome of the upcoming Federal Open Market Committee (FOMC) meeting, scheduled for September 17th and 18th. There is considerable debate over whether the Federal Reserve will implement a 25 basis point (bp) or a more substantial 50 bp rate cut. Currently, the market is pricing in a rate cut of approximately 34 bp, up from 26 bp on September 11th, reflecting heightened expectations of a more aggressive reduction.

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Bank of Japan Governor vows vigilance amid market turmoil, hints at future rate hikes

Ueda's comments were delivered during a session of the Diet, which is currently out of session, to clarify the BOJ’s response to recent market fluctuations. The policy adjustment led to heightened volatility in both the stock and currency markets, with the Nikkei Stock Average witnessing its largest-ever single-day drop, followed by a notable recovery. Concurrently, the yen experienced fluctuations, briefly strengthening to the ¥141 range against the dollar before stabilizing.

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Resilient Singapore stocks offering robust dividends amid economic uncertainty

CSE Global (SGX: 544), a systems integrator specializing in electrification, communications, and automation solutions, has also demonstrated financial robustness. Operating across 16 countries with 58 offices and over 2,000 employees, CSE Global reported a notable 22.8% increase in revenue for 1H 2024, reaching S$428.9 million. The company has consistently paid out S$0.0275 per share annually over the past five years, reflecting its commitment to returning value to shareholders.

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Indonesian auto financing declines 15% in July amid slump in new car sales

The decrease in auto financing reflects broader economic trends impacting consumer confidence and spending. As new car sales falter, financing activities—which are often a key indicator of consumer sentiment and economic health—also show signs of distress. This trend suggests a tightening of household budgets and potentially decreased consumer willingness or ability to make large purchases, such as new vehicles.