Insights and Analysis

  • Economics
  • Industry
  • Equities
  • Economics
  • Industry
  • Equities
China / Rates

Bond Connect sees solid demand

July 17, 2017
Bond Connect sees solid demand

The Bond Connect programme, which was launched on 3 July, has been seeing solid demand; the RMB16bn bond issue by Agricultural Development Bank of China was ten times oversubscribed

Taiwan / GDP

A temporary pause

July 11, 2017
A temporary pause

Taiwan’s economy will likely strengthen in the second half as new consumer electronics are introduced later in the year; we expect growth of 2.5% this year and 2.3% next year with upside risks to the...

Global / Currencies

Has the EUR peaked?

July 04, 2017
Has the EUR peaked?

The market may be too hasty in expecting the ECB to step up its exit from quantitative easing. We continue to see EUR/USD consolidating within its post-QE range of US$1.04-$1.16.

Hong Kong / Industrials

HK aircraft leasing plays undervalued and under-appreciated

July 26, 2017
HK aircraft leasing plays undervalued and under-appreciated

We expect BOC Aviation and China Aircraft Leasing Group share prices to re-rate as they deliver on earnings growth.

China / Real Estate

Shanghai imposes stricter price controls on property

July 25, 2017
Shanghai imposes stricter price controls on property

A weekly snapshot of the Chinese property market – from sales volume to inventory levels – in the Tier-I to -III cities; as well as an overview of the share performance of sector players.

China / Industrials

One Belt, One Road: Moving faster than expected

July 24, 2017
One Belt, One Road: Moving faster than expected

We estimate that transport-related investment in the infrastructure initiative could be much higher than the initial phase, exceeding US$200b over a five-year period in ASEAN.

Global / Equities

The US ETF market continues to hold above the US$3t mark

July 24, 2017
The US ETF market continues to hold above the US$3t mark

US-listed exchange-traded funds (ETFs) had another week of solid inflows, with US fixed income ETFs leading weekly inflows. For more details, see our Weekly Global ETF Commentary.

Global / Equities

The US ETF market passed the US$3t mark

July 17, 2017
The US ETF market passed the US$3t mark

Partly thanks to Janet Yellen’s dovish remarks, US-listed ETFs posted net inflows of US$8,249.61m in the past week. For more details, see our Weekly Global ETF Commentary.

Global / Equities

Weekly Global ETF Commentary

July 10, 2017
Weekly Global ETF Commentary

Our weekly analysis of exchange-traded funds and flows around the globe to aid investors in making informed decisions. Follow us as we follow the money.

Economics Daily

  • Asia
  • Global
  • Asia
  • Global
Indonesia / GDP

Indonesia’s budget deficit unlikely to hit 2.9% of GDP

July 28, 2017
Indonesia’s budget deficit unlikely to hit 2.9% of GDP

This year’s budget deficit is likely to come in around 2.6% of GDP despite the upward revision to 2.9% as it is highly unlikely we’ll see a full realisation of government expenditures.

Japan / Inflation

Weak inflation is here to stay

July 28, 2017
Weak inflation is here to stay

We think Japan’s CPI inflation will stay below the 1% mark for the rest of 2017 and 1H18, which will likely persuade the BOJ to keep monetary stimulus in place for an extended period.

Singapore / GDP

Expect an upward revision to 2Q GDP figures

July 27, 2017
Expect an upward revision to 2Q GDP figures

Singapore’s headline manufacturing output surged 13.1% year-on-year. The strong industrial production performance should prompt an upward revision to 2Q17 GDP figures to about 3%.

Europe / GDP

Looking for loan growth spillover

July 28, 2017
Looking for loan growth spillover

As Eurozone credit growth thaws, policymakers will be keen to see the extent to which the revival in investment growth improves pricing power and wage pressures.

US / GDP

Recovery is rounding out

July 28, 2017
Recovery is rounding out

Business investment has turned the corner to join the US economic recovery, which had, hitherto, been almost entirely driven by consumption and housing.

Global / Rates

Momentum-driven strategies in overnight tumble

July 28, 2017
Momentum-driven strategies in overnight tumble

The three key themes that markets have been running with over the past few months -- USD weakness, tech stock strength and very low implied volatility – all saw a reversal overnight.

Market Movers

  • Daily Digest
  • Weekly Insights
  • Strategy
  • Daily Digest
  • Weekly Insights
  • Strategy
Asia / Equities

Asian stocks mixed

July 27, 2017
Asian stocks mixed

But commodity rally boosts raw material and energy stocks

Developed Markets / Equities

Dow Jones hits fresh high

July 27, 2017
Dow Jones hits fresh high

But S&P 500 ends little changed after Fed's comments

Global / Currencies

US dollar hits 13-month low

July 27, 2017
US dollar hits 13-month low

The greenback craters following Fed signals to normalise its balance sheet "relatively soon"

Global / Insights

Monetary Accommodation and Upbeat Earnings Boost Equities

July 24, 2017
Monetary Accommodation and Upbeat Earnings Boost Equities

Global equities grinded higher amid ongoing monetary accommodation and upbeat corporate earnings

Global / Insights

Dovish Fed Boosts US Equities

July 17, 2017
Dovish Fed Boosts US Equities

The S&P 500 Index continued to push higher as the latest comments from the Federal Reserve gave a boost to sentiments

Global / Insights

Strong Jobs Data Buoy US Equities

July 10, 2017
Strong Jobs Data Buoy US Equities

Strong jobs data gave the S&P 500 Index a lift, but headwinds remain

Global / Outlook

3Q17: Desperately seeking value

June 27, 2017
3Q17: Desperately seeking value

Neither feast nor famine - that is the frustrating outlook for global equities

Global / Equities

The markets needed a correction; they will get it

May 19, 2017
The markets needed a correction; they will get it

After all, this is a market priced for perfection – not a loose cannon President, say DBS Chief Investment Officer Lim Say Boon and Strategist Jason Low

Global / Equities

Have global equities hit stall speed?

May 12, 2017
Have global equities hit stall speed?

DBS Chief Investment Officer Lim Say Boon thinks global equitiesmay be about to fall out of their trading ranges.

Featured Publications

Thailand / Utilities

Thai Power: Excess Supply Lingers

July 17, 2017
Thai Power: Excess Supply Lingers

Given the current oversupply situation, including the capacity under development, we believe investment opportunities in Thailand’s power sector are limited.

China / Consumer Goods

China Pork: A meaty task to meet demand

July 04, 2017
China Pork: A meaty task to meet demand

Rising incomes and urbanisation would drive Chinese consumers towards a diet based more heavily on animal protein. We take a look at the pork industry, which would be enjoying both steady growth and ...

Global / GDP

Q3: Forging ahead

June 08, 2017
Q3: Forging ahead

Everything in the economy is back to normal. Best plan on one hike per quarter through mid-2019, with the risk that the Federal Reserve has to up the pace before then.