Markets highlights

1. The Greek deal is clearly good news for the markets. Along with the Asian and European markets, the United States stock market rose in opening trade yesterday, joining in a global rally.

2. Oil prices came under some pressure after the Organisation of Petroleum Exporting Countries (Opec) said output rose last month.

However, Opec said that China and the developing world will likely increase their oil consumption next year.

3. Engineering firm CNA Group saw losses, for the year ended Dec 31, rise 83 per cent to $46.1 million. The weak property market in China and the competitive situation in Singapore were factors explaining the poor performance.

4. Metro Holdings is selling its stake in a Tokyo office building, called Frontier Koishikawa. The price is 5.22 billion yen (S$57.4 million).

As this is Metro’s only property in Tokyo, it will rationalise the group’s portfolio.

5. Singapore Windsor placed out shares at a price of 35.55 cents each, to raise around $4 million from existing shareholders. The funds are being used partly for its telco project in Myanmar.

A version of this article appeared in the print edition of The Straits Times on July 14, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe