Economics and Macro Strategy
The Bank of Thailand (BOT) left the benchmark rate unchanged at 1.5% on 14 Nov.
Indonesia’s current account deficit has been worsening steadily, with the latest print reaching 3.4% of GDP in 3Q.
Alliance Investment Bank hosted a luncheon session discussing the Malaysian palm oil industry with keynote speaker YB Teresa Kok, followed by a panel discussion and Q&A session.
Three property developments launched for sale will hit the market in November 2018. Depending on further take-up rates, we believe that CDL could start raising prices in the medium term.
On the back of growing demand but limited structural output expansion potential, we see a long-term upside risk to our forecast for CPO prices.
US-listed ETFs had an inflow of $13.7 billion with equities posting inflows of $6.9 billion while fixed income drew in $7.0 billion.
The trade war between the US and China has been the focus for Asia. In our view, relief rally post mid-term elections overhang could at most normalise this discount.
US-listed ETFs had inflow of $6.6 billion last week as US equities received $3.2 billion and fixed income had inflow of $2.6 billion.
China’s exports data in October surprised to the upsside, likely reflecting continued shipment frontloading and strong US demand.
In the near-term, Hong Kong’s economic outlook is clouded by the deterioration in Sino-US trade relations. External uncertainties will eventually weaken economic activities.
China’s 3Q GDP growth moderated to 6.5% from 6.7 in 2Q. Monetary policy will continue to be accommodative going forward.
BI to pause; INR bond markets find support
The striking gap between US manufacturing confidence and the rest continues to persist.
Soybean prices have jumped in the last few days in response to signals from the US that some progress in the trade war is forthcoming.
The influence of the US-China trade war looms large
New offerings have become a risky proposition amid the Hang Seng’s 23% fall from its January high
The UK is inching closer to an agreement on a Brexit divorce deal
October’s equity selloff does not mark the start of a bear market.
This selloff is about sentiment, not fundamentals.
China: Where opportunity lies
As the metal of choice wherever electricity is needed, we believe that there is huge potential for the future of copper.
We expect global energy demand to increase at an average rate of about 1.5% per annum from 2017 to 2030 and believe that demand for the three key fossil fuels will not peak until 2030.
Celebrating 50 years, we bring the Jubilee Edition of DBS Asian Insights Conference to you in the form of a post-conference report.