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Europe / GDP

Eurozone growth hits a speed-bump

April 23, 2018
Eurozone growth hits a speed-bump

After achieving the best growth in a decade last year, the Eurozone economy is off to a softer start in 2018; this affirms our expectations that policy withdrawal will be calibrated and no rate hike ...

Global / Insights

Economics, Currencies & Rates Research

April 23, 2018
Economics, Currencies & Rates Research

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...

Global / Rates

Notes from Washington; hawkish all around

April 23, 2018
Notes from Washington; hawkish all around

While most do not expect a major spike in inflation, it is increasingly clear from the Fed’s communication that Fed governors will not wait for actual inflation prints to surprise on the upside befor...

Asia / Basic Materials

Steel prices are poised to recover

April 20, 2018
Steel prices are poised to recover

Steel prices in China and Asia are bottoming out; we expect solid earnings for 1Q18 and no serious damage in 2Q18 despite the fall.

China / Real Estate

Diverging performance among listed developers

April 18, 2018
Diverging performance among listed developers

Developers are reporting divergent pre-sales growth for 1Q18; we think investors should be selective and choose quality players such as Country Garden, Shimao, and Yuzhou.

China / Consumer Goods

Government to liberalise auto sector over next five years

April 18, 2018
Government to liberalise auto sector over next five years

We expect some short-term volatility in the automotive sector following this announcement but there will not be any earnings impact, at least in the immediate future.

Global / Equities

Jump in yields keeps lid on gains

April 23, 2018
Jump in yields keeps lid on gains

While earnings were the primary driver of risk appetite earlier in the week, investors grew concerned about a jump in bond yields that reflected rising inflation expectations. For more, check out our...

Singapore / Equities

CapitaLand Mall Trust: Spring is near

April 23, 2018
CapitaLand Mall Trust: Spring is near

We think that the trust’s balance sheet position will improve upon the sale of Sembawang Shopping Centre. For more, check out today’s Singapore Wired Daily.

Singapore / Equities

Add Dairy Farm to Model Portfolio

April 20, 2018
Add Dairy Farm to Model Portfolio

We expect its new CEO’s initiatives to improve store performance will pay off over the next few years. For more, check out our Singapore Model Portfolio.

Economics Daily

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India / Rates

Indian policy rates maintain a steady course

April 05, 2018
Indian policy rates maintain a steady course

In a surprising move, India’s central bank took a very dovish view on the inflation path for the year while keeping benchmark rates unchanged on Thursday.

Taiwan / GDP

Taiwan largely spared from US tariffs on China

April 04, 2018
Taiwan largely spared from US tariffs on China

The repercussions on Taiwan, a main supplier of electronic components to China, should be smaller than initially feared. We will be watching this space.

Singapore / Rates

SGD liquidity is tighter than it appears

April 03, 2018
SGD liquidity is tighter than it appears

Pre-occupation with SGD strength from a potential MAS steepening has distracted the market from tighter SGD liquidity.

Global / Currencies

US dollar higher on bear-steepener in US Treasurys

April 23, 2018
US dollar higher on bear-steepener in US Treasurys

Markets have grown accustomed to a persistently flattening US Treasury curve and thus were understandably confounded when the curve bear-steepened in the latter half of last week. For more on currenc...

Global / GDP

This Week: Eye on ECB and BOJ

April 23, 2018
This Week: Eye on ECB and BOJ

The ECB and the BOJ are expected to stick to their accommodative monetary policies, given benign inflation and stable growth.

Europe / GDP

Eurozone politics, US tariffs, and the ECB

March 05, 2018
Eurozone politics, US tariffs, and the ECB

Concerns over the results of the Italian elections, a potential trade war with the US, and the strength of the Euro could keep investors on edge this week.

Market Movers

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Global / Wealth Dailies

Global equities slump on technology selloff; chipmakers’ ro...

April 23, 2018
Global equities slump on technology selloff; chipmakers’ rout widens

Wealth Dailies rounds up overnight markets with Market Snapshot, Singapore Wired Daily, and Regional Morning Pack

Developed Markets / Equities

US stocks fall on tech selloff

April 23, 2018
US stocks fall on tech selloff

Renewed selling in technology shares overshadows what has so far been a solid earnings season

Asia / Equities

Asia stocks slump

April 23, 2018
Asia stocks slump

Chipmakers' rout widens after TSMC ignites smartphone fears

Global / Insights

DBS Chief Investment Office Collection 2018

April 23, 2018
DBS Chief Investment Office Collection 2018

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

Asia / Commodities

Petro-CNY: Timing, reach, geopolitics, and implications

April 23, 2018
Petro-CNY: Timing, reach, geopolitics, and implications

As the world’s biggest buyer of oil, China may view the settlement of oil in Chinese yuan as a natural course of development.

Asia / Equities

Asia outperformance to persist

April 18, 2018
Asia outperformance to persist

We continue to believe that Asian equities are poised for further outperformance; we prefer exposure to Hong Kong/China and emerging ASEAN.

Global / FX Tactical

The EUR struggles to find direction

April 19, 2018
The EUR struggles to find direction

At the moment, the currency is barely moving ahead of the 26 April ECB policy meeting.

Global / FX Tactical

USD/JPY stays neutral for now

April 17, 2018
USD/JPY stays neutral for now

Until bigger levels are surmounted, go along with consolidation as a theme

Global / CIO Perspectives

Climbing the wall of worries

April 16, 2018
Climbing the wall of worries

No major flight to safety despite Syrian air strikes; markets are viewing this as a one-off

Featured Publications

Asia / Telecommunications

Asian Telecom: Clear-cut view via the ‘Digital Prism’

February 02, 2018
Asian Telecom: Clear-cut view via the ‘Digital Prism’

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.

China / Technology

China Internet: Where does online ad spend go?

January 24, 2018
China Internet: Where does online ad spend go?

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...

Hong Kong / Consumer Services

Hong Kong Hotels: Time to check in

December 05, 2017
Hong Kong Hotels: Time to check in

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...