Economics and Macro Strategy
Financial conditions are back to where they were during the exuberant days of Aug/Sept last year, thanks to yield compression and surge in equities, helped by a dovish Fed and stimulus from China.
US FOMC has taken one more step toward signalling an end to rates normalisation. We think the Fed’s implicit signal is that it over the near term it may well take a relaxed view about inflation
Establishment of Express Rail Link revitalised shoppers traffic into Tsim Sha Tsui from Shenzhen and Guangzhou at the expense of foot traffic to Causeway Bay.
Five party merger of Thai banks set to benefit all involved including unlocking TCAP’s value to realise higher profits from transferred businesses.
Office plays and developers with sizeable exposure to the Greater Bay Area (GBA) set to benefit from strong potential of the economic region.
Chinese government announces GDP growth target at 6-6.5% with accompanying stimulus measures as the country recorded the slowest pace in GDP growth last year since 1990.
ASEAN continues with respective domestic reflation policies despite challenging global environment.
Ongoing rally in the Chinese stock market expected on the back of additional MSCI A-shares inclusion and regulatory relaxation on margin financing.
The top client questions were on trade war, exchange rates, and impact of fiscal/monetary policy on growth outlook.
SGD rates outperformance ahead.
In this video,Taimur Baig, DBS Chief Economist, interviews our India economist, Radhika Rao, on how various aspects of the Indian economy and markets tend to behave around elections.
GBP overwhelmed by Brexit drama; continued tailwind for Asian Credit
Fed rate pause is expected to continue at Thursday’s decision. New dot plots bear watching.
Sifting through the recent data on the share of payments of major currencies through SWIFT, we make a few observations.
US equities enjoyed a brief recovery, before fading again on Wednesday (20 March), after the Federal Reserve signalled it would not raise rates this year, saying economic growth has slowed.
It is a jittery, sideways trading day for equities across Asia amid yet another bump in the road in ongoing trade talks.
The pound fell to a one-week low after UK Prime Minister Theresa May confirmed she would only seek a three-month delay to the Brexit deadline and reports suggested the European Union (EU) may not sup...
Our analysis shows that this has resulted in strong outperformance during past periods of elevated market volatility.
The outcome is market positive; we reiterate our constructive stance on China equities (initiated in 4Q18).
A-shares have a unique and disproportionate exposure to domestic sector companies.
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.