We provide our economic narrative for fourteen countries around the world (G3 plus Asia 11). In particular, we now expect US real GDP to shrink by 5% and China to grow by 2% in 2020.
The BOK may cut rates by 25bps as early as Thursday. Rise in Indian bond yields may require RBI support.
Economics and Macro Strategy
The PFPO/REIT sector will not be immune to the impact of COVID-19. But we believe telecom IFFs may provide some safety.
Bank Negara Malaysia reiterated that financial institutions remain resilient. But we see additional earnings risk ahead for the sector.
The government’s new COVID-19 circuit breaker measures will lead to even stronger supermarket sales. As such, we continue to maintain our positive stance on this segment.
The government’s third stimulus package will be positive for markets and highly needed for the economy, which is now suffering badly from the COVID-19 pandemic.
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The government’s latest Solidarity Budget aims to provide further support to businesses and households. We assess which sectors and companies will benefit most.
We connect with New York City in this episode, where in the East Side of Manhattan is our guest, Dr. Bernard Haykel, Professor of Near Eastern Studies at Princeton University.
The government announced the Solidarity Package worth SGD 5.1bn. The aim is to provide additional support for the economy during this “circuit breaker” period.
The Covid-19 contagion is spreading through the world in unprecedented pace and extent. A parallel contagion of economic and distress is spreading.
SGD will appreciate when risk appetite improves. We expect US Treasury yields to be stable and continue to trade in tight ranges in the short-term.
Currencies are nervous again and EU still needs more region-wide policy responses.
Lessons from 1Q paving way for consolidation in 2Q.10Y Asian bond yields are still high despite rate cuts and liquidity supports.
Wealth Dailies rounds up overnight markets with Market Newsfeed, Macro Strategy, Singapore Stock Pulse, and Regional Morning Pack
S&P 500 briefly met the time-honoured definition for the start of a bull market
Economists are almost certain China would not unleash more stimulus soon but investors think otherwise
Some of the upticks are related to dividends payouts and participation in the QE theme
We think EUR is completing a minor technical pattern to end a decline
The market does not like the UK having a twin deficit situation
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We delve more into what the COVID-19 crisis is about, and what it is not about
Global financial markets are at a crossroad
DBS CIO Hou Wey Fook shares how to position your portfolio in these uncertain times
Stimulus expectations and a weaker greenback are supporting the currency
Our analysts took a deep dive exploring the F&B business environment in Singapore, and examined how businesses can thrive in this lucrative, yet ever changing landscape.