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Developed Markets / Equities

US stocks little changed

June 23, 2017
US stocks little changed

A slump in financial shares offsets gains in health care

Asia / Equities

China and Hong Kong shares end lower

June 23, 2017
China and Hong Kong shares end lower

Taiwan reaches a new high and other regional peers rise

Global / Currencies

Gold rises a second day

June 23, 2017
Gold rises a second day

Safe haven demand drives the precious metal higher

Global / Insights

DBS Chief Investment Office Collection

June 22, 2017
DBS Chief Investment Office Collection

The DBS Chief Investment Office brings you insights and analysis on what's driving global financial markets to help you make informed investment decisions

Global / FX Currents

GBP trips over Bank of England policy split

June 22, 2017
GBP trips over Bank of England policy split

Sterling’s decline is driven by political and monetary policy uncertainties

Global / Insights

How much can a bull bear?

June 19, 2017
How much can a bull bear?

Brace for further market volatility as geopolitical uncertainties ratchet up

US / Equities

Celgene rides health care gains

June 21, 2017
Celgene rides health care gains

The stock's bias is up and any pullback could be limited

Global / FX Chartist's Diary

The Euro rally could pause

June 20, 2017
The Euro rally could pause

The currency pair may have already seen a near-term top

Japan / Equities

KDDI is off to a good start

June 20, 2017
KDDI is off to a good start

The trend remains up, though the stock could retreat in the near term after a sharp rise

Insights and Analysis

  • Economics
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  • Economics
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US / Rates

A mulish consistency

June 21, 2017
A mulish consistency

With the recovery in its eighth year, the Fed won’t waste any time in raising rates. Best expect one hike per quarter until early-2019 with the risk that the Fed has to up the pace before then.

India / GDP

Window opens for a rate cut

June 19, 2017
Window opens for a rate cut

Even if inflation bottoms out later this year, its recovery is likely to be modest. Apart from inflation, lower financing costs will help investment growth. Our Taylor rule estimates, along with wide...

China / GDP

More monetary flexibility

June 19, 2017
More monetary flexibility

Unlike previous episodes, there was little pressure on the People’s Bank of China to respond to the latest Federal Reserve rate hike with higher rates. Having stabilised its exchange rate, China has ...

Singapore / Real Estate

Office REITs remain undervalued

June 22, 2017
Office REITs remain undervalued

We believe investor scepticism over the value of Singapore’s Grade-A office buildings is unwarranted and maintain our overweight on the office sector. Our top pick remains Keppel REIT.

China / Real Estate

Positive momentum in Chengdu and Chongqing

June 20, 2017
Positive momentum in Chengdu and Chongqing

Residents of Chengdu and Chongqing believe that property in their cities is still affordable compared to those in other Tier-2 cities in China. Despite rising mortgage rises, they are still willing t...

China / Real Estate

Further tightening of liquidity ahead

June 20, 2017
Further tightening of liquidity ahead

A weekly snapshot of the Chinese property market – from sales volume to inventory levels – in the Tier-I to -III cities; as well as an overview of the share performance of sector players.

Singapore / Equities

Singapore office REITs remain undervalued

June 22, 2017
Singapore office REITs remain undervalued

Considering land prices in Singapore, office REITs remain undervalued. Find out what’s our top pick in the sector and for more stories on Singapore’s market, see Singapore Wired Daily.

Singapore / Equities

Add Thai Bev to Blue Chip category

June 21, 2017
Add Thai Bev to Blue Chip category

We have added Thai Beverage to the Blue Chip category as we expect its earnings to improve in 2H. Find out what else we like in our Singapore Model Portfolio.

China / Equities

A-shares win MSCI Index inclusion

June 21, 2017
A-shares win MSCI Index inclusion

While the move is a major step forward for Beijing as it attempts to liberalise its financial markets, the short-term impact on capital inflows will be more symbolic than substantive.

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Asia-wide Coverage

In-depth and latest analyses on individual company stocks across multiple Asian markets and key industry sectors.


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Model Portfolio

Here are our lists of recommended stocks, built for risk profiles ranging from Conservative to Balanced.


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Economics Daily

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India / GDP

Record low current account deficit points to stability in e...

June 23, 2017
Record low current account deficit points to stability in external accounts

India’s FY16/17 current account deficit hit its lowest point in more than a decade. Improving external balances will shield against unexpected external shocks.

Singapore / Rates

Speculation of SGD strength intensifies

June 23, 2017
Speculation of SGD strength intensifies

The spread of 3M Libor over the 3M Singapore swap offer rate has widened to 62 basis points. Even as the SGD weakens, speculation of SGD strength intensified, dragging the 3M SOR lower.

Philippines / Inflation

Philippines’ central bank sees inflation softening

June 23, 2017
Philippines’ central bank sees inflation softening

While maintaining that risks to inflation remain tilted towards the upside, the BSP also hinted at a lower trajectory of future inflation.

US / GDP

Something has to give in US housing

June 23, 2017
Something has to give in US housing

US new home sales are expected to show a rebound in May. Prices are rising 6% per year and wages only 2.5%. One of the three – sales, prices or wages – has to give way soon.

Global / Currencies

USD firmer after last week’s FOMC meeting

June 23, 2017
USD firmer after last week’s FOMC meeting

The USD appreciated against the GBP and JPY after the Fed affirmed it would continue to lead the ECB and BOJ in hiking rates and unwinding its balance sheet.

Global / Currencies

Currencies choppy amid rifts in major central banks

June 22, 2017
Currencies choppy amid rifts in major central banks

The rally in the DXY (USD) Index stalled and the GBP weakened against the USD as concerns arise on the lack of unity within the Federal Reserve and the Bank of England.

Featured Publications

Global / GDP

Q3: Forging ahead

June 08, 2017
Q3: Forging ahead

Everything in the economy is back to normal. Best plan on one hike per quarter through mid-2019, with the risk that the Federal Reserve has to up the pace before then.

Indonesia / Financials

Indonesian multi-finance companies: Bridging gaps with the ...

May 25, 2017
Indonesian multi-finance companies: Bridging gaps with the underbanked

The opportunity to reach out to Indonesia’s vast unbanked population may lie with the country’s multi-finance companies; we take a look at the key players, the potential for growth, and what lies ahe...

Indonesia / Consumer Goods

Animal Protein: An Asian Consumption Story

April 12, 2017
Animal Protein: An Asian Consumption Story

We believe the market has underestimated the animal protein sector’s earnings growth potential – based on where the required capacity will be over the next five years.