Market highlights

1 Taiwan trimmed its 2016 economic growth outlook for the third time yesterday. Gross domestic product should grow 1.06 per cent this year, slower than the 1.47 per cent growth forecast previously.

2 The French official consumer confidence index published yesterday surged well past even the highest estimate to reach the highest level since October 2007, before the global financial crisis broke.

3 French bank Societe Generale sold 120 billion yen (S$1.5 billion) in Samurai bonds yesterday in the biggest deal this year in the Japanese yen debt market for overseas issuers. It is only the third Samurai sale this year.

4 Indonesia's State-Owned Enterprises Minister Rini Soemarno said she expects an S&P Global Ratings upgrade next month. Indonesia's international bonds returned 10.1 per cent this year.

5 US telecom giant Verizon Communications is working on its bid for Yahoo's core assets with an investment bank which was, as recently as last year, one of the United States Internet company's top advisers, sources said.

A version of this article appeared in the print edition of The Straits Times on May 28, 2016, with the headline 'Market highlights'. Print Edition | Subscribe