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March inflation comes in hotter than expected: Dashing hopes for early rate cuts?
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Singapore stocks open lower on Wednesday

Singapore shares opened weaker on Wednesday (Apr 17) following overnight losses on European market.
$FTSE Singapore Straits Time Index(.STI.SG)$ was down 0.1 per cent or 1.62 points to 3,143.14 as at 9.02 am. Across the broader market, gainers outnumbered losers 53 to 41 after 33 million securities worth S$53.3 million changed hands.
The most active counter by volume was $MarcoPolo Marine(5LY.SG)$ , which rose 1.5 per cent, or S$0.001 to S$0.069 with 6.8 million shares changing hands, after the company scheduled delivery of new commissioning service operations vessel for early September.
Other heavily traded securities were $Singtel(Z74.SG)$ , which rose 0.4 per cent, or S$0.01, to S$2.33 with 3.2 million shares traded, and $Mapletree Log Tr(M44U.SG)$ which remained unchanged at S$1.40, with 2.5 million units transacted.
US indices closed Tuesday little changed as investors stayed cautious amid mixed economic data and Federal Reserve suggesting high-for-longer interest rates.
$Dow Jones Industrial Average(.DJI.US)$ finished up 0.2 per cent at 37,798.97. The broad-based $S&P 500 Index(.SPX.US)$ fell 0.2 per cent to 5,051.42, while the tech-rich $Nasdaq Composite Index(.IXIC.US)$ slipped 0.1 per cent to 15,885.25.
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