Australia Inflation Accelerates to 4% After RBA Rate Hike 
Oil Prices Surge as U.S.-Iran Tensions Fuel Supply Fears 
Oil Prices Hold Steady as Middle East Supply Risks Persist 
Gold Prices Steady as Markets Await U.S. Jobs Data 
Bank of America Sees EUR/USD at 1.15 by Year-End 
Asian Stocks Rise as Bond Yields Ease Ahead of U.S. Inflation Data 
Asian Currencies Mixed as Yen Slides on BOJ Rate Signals 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
Scope Warns US Debt Could Hit 160% of GDP 
Wall Street Edges Higher as Treasury Yields Retreat 
Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
Add as a preferred source on Google
Retail sales in Singapore rose during the month of October, albeit at the same pace as in last month, following surge in demand for motor vehicles and luxury goods.
Singapore's retail sales climbed 2.2 percent year-over-year in October, the same rate of gain as in the previous month, which was revised up from a 2.0 percent increase reported earlier. That was well above the 0.3 percent rise expected by economists, data released by the Department of Statistics showed Thursday.
The annual growth in October was mainly driven by a 14.5 percent surge in sales of motor vehicles. Excluding motor vehicles, retail trade dropped 0.3 percent. Sales at petrol service stations advanced 3.4 percent and sales of recreational goods grew by 5.6 percent.
Similarly, sales of food and beverages rose 1.0 percent and sales at department stores registered an increase of 0.8 percent. Month-on-month, retail sales went up a seasonally adjusted 1.7 percent in October, reversing a 0.6 percent drop in September.
Meanwhile, the total sales volume is estimated at SGD3.7 billion, higher than the SGD3.6 billion in October last year.
