Economics and Macro Strategy
India currently enjoys an ideal mix of political stability, a credible central bank, and a reform-centric focus. Time is ‘RIPE’ for growth to climb out of the current slowdown.
Market participants are keen to find some room to breathe, but recent movement in gold and oil shows that risk aversion may have bottomed and is primed for a spike.
Listed developers feedbacked their unwillingness to revise up targets in lieu of market uncertainties. Our top picks are Times, Aoyuan, Logan and Yuexiu.
China education sector seeing steady growth and remains defensive towards potential trade tensions and economic slowdowns. Our top pick is China Education Group. \n.
Suspension on property trusts may provide land banking opportunities for quality developers. We think Shimao and China SCE are good beta plays.
Earnings risk remain a key concern as overall environment of uncertainty caused companies to scale down investments. Investors advised to stay with defensive sectors.
Rising political tension, lower bond yields and USD on the verge of reversing should make the rest of 2019 very interesting for the gold market.
While the notion that Fed rate cuts tend to support the equity market is true, we believe the types of rate cuts need to be differentiated as equity markets respond differently.
Real GDP growth eased to 6.2% in 2Q19 from 6.4% YoY in 1Q19
We have lowered our full year GDP growth forecast for 2019 to 0.7% on the back of the latest set of exceptionally poor GDP data.
Federal Reserve Chairman Jay Powell may be secure in his job by constitutional mandate, he nevertheless seems to be doing the bidding for US president Trump.
SGD liquidity is tight, but not as tight as in June.
Prospects of offshore Indian sovereign bonds announced. Chinese govvies are one of the laggards this year.
The Fed has affirmed the dovishness discounted by markets. The USD has proven resilient with attention turning to the rest of the world. We remain mild constructive on US equities.
The gains outweigh losses in energy and financials.
Tailwinds come from stronger corporate earnings, cooling inflation, and continued monetary stimulus
Israeli inflation plummets below target range, putting rate hike at risk
This is no ordinary cycle; Market rally is backed by fundamentals.
We favour ESG funds that are both growth and income-oriented, as part of the barbell strategy.
The re-awakening of market volatility underscores the importance of a "portfolio approach" to investing.
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.