Economics and Macro Strategy
We think a large part of the government bond sell-off this year has to do with the structure of the market in the post-Lehman environment.
We have come back from Shenzhen somewhat comforted by China’s electronics manufacturers’ industry-leading capabilities and astute management skills.
We visited two new property previews, Mayfair Gardens and Jui Residences, during the weekend. Both previews had very different themes and a sizeable crowd at each one.
SOE landlords to benefit: CR Land (1109.HK), Yuexiu Property (123.HK), Joy City (207.HK), and COLI (688.HK).
China is considering allowing its northern provinces to individually decide on heavy industry output cuts to rein in emissions during the winter, ditching an earlier plan for blanket cuts.
US-listed ETFs had inflows of $4.2 billion with equities at $535.4 million and fixed income at $3.3 billion.
Inflows into US listed ETFs drew in $3.2 billion, down from $9.8 billion of the previous week. All global stock market ETF indices slumped during the week as well.
All global stock market indices gained during the week on a US trade Mexico trade deal.
August’s PMI suggests some early positive impact from the government’s policy shift. We expect more concerted policy fine-tuning from various government bodies to follow in the coming mon...
The SGS curve is poised to flatten.
GDP growth in 2H18 will likely ease to below 2%, given an exceptionally high base in 2H17 as well as rising headwinds on the external front.
A number of regional equity markets have come down from their lofty levels, but there are also pockets of high valuation.
European FX under political pressure
With rate hike risks back on the table, 7% is likely to mark a floor for the 2Y yields.Meanwhile, the greenback will be looking for a lift from Friday’s US nonfarm payrolls. For more on currenc...
No deal is better than a bad deal, says UK Prime Minister Theresa May
There are no improvements in relations, with China scrapping trade talks
Some worry the centralisation campaign could sap China’s economic dynamism
Unlike during the Lehman Crisis, banks have stepped up capital buffers. Since then, the US economy has improved
We expect the robust momentum in US equities to persist
Are US equities a crowded trade?
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.
Asia is set to lead the development of the IoT and AI in the coming years ahead. Our estimates indicate that the IoT will reach the inflection point of 18-20% in 2019.