DBS tracks developments in the economies, foreign exchange and fixed income markets of the Asia-11 (China, Hong Kong, Taiwan, Korea, Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam...
Compressed term premium largely reflects decreased uncertainties over the USD rate outlook over the coming quarters
If China “significantly increases” its purchases of American goods and services, would that crowd out South Korea and Taiwan? The risk is low, in our view, as China imports trade-critical...
Given strong demand growth, we expect a copper shortage over the mid-term; LME copper prices on average will remain above US$7,000 per tonne and gradually rise.
We are revising up our 2018 average Brent crude oil price forecast to US$70-75/bbl from US$60-65/bbl. Our 2019 average forecast for Brent is slightly lower at around US$65-70/bbl.
In this special report, we take a look at China’s pharmaceutical distributors and the industry’s dynamics; the players are poised for a turning point this year.
Despite strong earnings reports, investors remained cautious on the back of the rise in Treasury yields, U.S.-China trade talks and geopolitical risks. However, U.S.-listed ETFs continue to attract s...
A-shares will represent 0.05% and 0.37% of MSCI ACWI and EM index. The amount of passive fund inflow is estimated be CNY108b. The Chinese brokers are likely to benefit most from the rising turnover i...
After a strong month of ETF inflows in April, US-listed ETFs continued to register weekly inflows of US$3,469.54m the past week. For more, check out our Weekly Global ETF Commentary.
The 5Y tenor of the SGS curve has been rich since the 2008/09 crisis
While we think that the outperformance of Korea Treasury Bonds may be largely done, they are still extremely attractive from a USD-hedged perspective.
Amid strong rate-hike expectations, HIBOR-LIBOR spreads have widened to the highest level, last seen in 2008. We think the prime lending rate will jump soon and likely reach 5.75% by end-2018.
Even after the 300bps hike, it is too early to conclude that the worst is over for the Turkish Lira. 10Y UST yields are back below 3%. Singapore's GDP grew by 4.4% in 1Q18
First quarter GDP releases for Singapore and Taiwan would see slightly stronger growth while inflation in Hong Kong, Malaysia and Singapore will show a pick-up in price pressure; meanwhile Bank of Ko...
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...
The country is reportedly close to ending limits on the number of children a family can have
But analysts say the currency may yet receive a lifeline this week (ending 25 May)
Autos get a boost from China car tariff cuts
Investors are increasingly buying protection for downside risks
Global investors are seeking cheaper exposures to equities
Despite the volatility, the magnitude of the recent correction suggests that markets have been pricing in an eventual resolution to the crisis
DBS Chief Investment Officer Hou Wey Fook shares how to navigate markets in 2Q18
The Chief Investment Office brings you the investment outlook and strategy for 2018
The Chief Investment Office brings you the investment outlook and strategy for 4Q17 in our brand-new "CIO Insights" publication
With about 40% of their service revenue at risk in Asia, telecom operators have had to transform themselves into digital players. But some are going down the wrong route.
We explore the changing face of online advertising in China, where both advertisers and platforms are becoming more sophisticated in the way they spend and make money. Tencent, Baidu, and Alibaba wil...
With the recovery of visitor arrivals to Hong Kong, hotels in the city should see a revival in fortunes; room rates and occupancy should rise, ringing in more attractive returns for operators and man...