Economics and Macro Strategy
Despite strong growth and a tight labour market in the US, a demand rebound in Europe, and still-robust global trade, inflation expectations are flat or declining. We think China is the reason.
There is considerable official sensitivity around the exchange rate, although it is facing shocks common among emerging market economies.
A Draft for Review published last week caused share prices to fall. We believe that the negative impact is limited and based this mostly on our understanding of the government’s revision.
As Asia works smarter and earns more, we believe the two sectors that will benefit the most will be tourism and discretionary consumption.
Working hours are falling across the developed world even as incomes rise. In 2030, we believe the two sectors that will benefit the most will be tourism and discretionary consumption.
Celebrating 50 years, we bring the Jubilee Edition of DBS Asian Insights Conference to you in the form of a post-conference report.
Global ETFs stock market indices were down for the week except for the tech laden Power QQQ.
Southbound trade became net buyer again. We investigated the data and found that cement and railway plays were popular among the Southbound trade in July18.
July’s data is likely to prompt more policy support. “Unclogging” the transmission mechanism is crucial.
For second half of the year, household demand and government spending are likely to remain supportive, with a tighter policy regime to be a dampener at the margin.
Hong Kong stock market slumped on entering the second quarter of the year.
The EMFX relief rally is unsustainable; Asia rates are finding support
After a worrisome spike in early-2018, two key markers of market stress, the Libor-OIS spread and VIX, have eased considerably.
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...
Investors mull US-China trade talks; Australia releases its budget report
The rupiah sinks to its weakest since 2015, on economic growth concerns
Stocks struggle for direction after Trump scraps Iran nuclear deal
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
The Chief Investment Office brings you the investment outlook and strategy for 4Q17 in our brand-new "CIO Insights" publication
DBS Chief Investment Officer Lim Say Boon discusses the frustrating outlook for global equities
Neither feast nor famine - that is the frustrating outlook for global equities
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.
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...