Insights and Analysis

  • Economics
  • Industry
  • Equities
  • Economics
  • Industry
  • Equities
India / GDP

Reserves accumulation to moderate

October 17, 2017
Reserves accumulation to moderate

While the pace of reserves accumulation in India will moderate, the current stock should be sufficient to cushion India against external vulnerabilities.

Global / GDP

Ignoring geopolitics could be hazardous to the markets’ hea...

October 16, 2017
Ignoring geopolitics could be hazardous to the markets’ health

The current dynamic of modest growth, low inflation, and easy liquidity has made investors so comfortable that they are hardly pricing in political risks; we think such complacency, in the presence o...

Singapore / GDP

Neutral policy to continue despite strong growth

October 13, 2017
Neutral policy to continue despite strong growth

Thanks to benign inflation, the Monetary Authority of Singapore is keeping its policy stance unchanged even as the economy improves.

China / Real Estate

Sales dipped year-on-year for the first time since March 20...

October 20, 2017
Sales dipped year-on-year for the first time since March 2015

Despite picking up from August, sales by gross floor area sold fell 5.7% y-o-y in September.

Asia / Basic Materials

Time to revisit steel sector

October 19, 2017
Time to revisit steel sector

We believe that steel prices will resume their uptrend in 4Q17, brightening the earnings outlook till 1Q18.

China / Real Estate

Supply crunch to weigh on sales

October 18, 2017
Supply crunch to weigh on sales

While demand for property remains strong in Qingdao, a shortage in saleable assets will mean weak sales in 4Q17 and 1Q18. We think the sector’s outperformance may not continue.

Singapore / Equities

City Developments will seek to privatise Millennium & Copth...

October 20, 2017
City Developments will seek to privatise Millennium & Copthorne

The Singapore property developer will take the hotel firm private if it proceeds with its takeover bid. For more top stories on Singapore’s market, see Singapore Wired Daily.

Hong Kong / Equities

Trading on China’s National Congress

October 17, 2017
Trading on China’s National Congress

While the market usually corrects during the period of the Congress, it picks up after that; we think that the two investment themes are the Belt and Road Initiative and Xiong'an New Area.

Global / Equities

Preferring emerging markets to developed ones

October 17, 2017
Preferring emerging markets to developed ones

We think that a weak USD, low bond yields, cheaper valuations in emerging markets, stronger growth of China, and higher commodity prices will support emerging market assets.

Economics Daily

  • Asia
  • Global
  • Asia
  • Global
South Korea / Rates

Normalisation prospects bring attention to KRW

October 20, 2017
Normalisation prospects bring attention to KRW

The USD/KRW has scope to move lower toward the floor of its KRW1,110-1,150 range, if the Korea 10-year bond yield widens its differential against its US counterpart.

South Korea / Rates

En route to normalisation… unless geopolitics get in the wa

October 20, 2017
En route to normalisation… unless geopolitics get in the way

Market expectations for monetary tightening in South Korea have increased significantly following the central bank’s meeting this week, but tensions with North Korea remain the wild card.

India / Rates

RBI takes a long view

October 19, 2017
RBI takes a long view

The Reserve Bank of India’s caution with respect to easing rates is another sign that the central bank views the current slowdown as more cyclical than structural.

Europe / Rates

Political uncertainties won’t derail QE

October 20, 2017
Political uncertainties won’t derail QE

Political headwinds are unlikely to throw the European Central Bank off its plans to taper quantitative easing later this month, possibly with a “lower volumes for longer duration” stance.

US / Rates

The Taylor rule and why USD rates are buoyant

October 20, 2017
The Taylor rule and why USD rates are buoyant

The different assumptions underlying inflation and employment – as well as speculation on the successor of Fed chair Janet Yellen – are complicating forecasts on USD interest rates.

Global / Rates

Emerging market bonds will hold up better

October 19, 2017
Emerging market bonds will hold up better

The divergent monetary policy outlook between the G10 and the emerging markets suggests that emerging market government bonds are likely to hold up better.

Market Movers

  • Daily Digest
  • Weekly Insights
  • Strategy
  • Daily Digest
  • Weekly Insights
  • Strategy
Developed Markets / Equities

US stocks eke out gain to fresh all-time high

October 20, 2017
US stocks eke out gain to fresh all-time high

Sentiment improves after latest set of labour data amid global political rumblings

Asia / Equities

Most Asian indices end lower

October 20, 2017
Most Asian indices end lower

But Taiwan and Asia buck the trend

Global / Currencies

The dollar pares losses

October 20, 2017
The dollar pares losses

Investors digest fallout from New Zealand politics and latest Catalonia developments

Global / Insights

DBS Chief Investment Office Collection

October 20, 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

Yen is still the last shoe to fall

September 07, 2017
Yen is still the last shoe to fall

It has tried the 108s seven times, but this time it might be different

Global / Insights

Investors Hedge Downside Risks with Gold

September 04, 2017
Investors Hedge Downside Risks with Gold

Gold on the rise amid dollar weakness, "dovish" Fed, and lingering geopolitical uncertainties

Global / FX Tactical

Gold flickers but there are no fireworks

October 20, 2017
Gold flickers but there are no fireworks

One cannot say the precious metal has entered a bullish phase until it clears a key resistance

Global / FX Tactical

Watching the FOMC leadership resolution for USD/JPY

October 19, 2017
Watching the FOMC leadership resolution for USD/JPY

Ahead of Japan's snap elections, the trade plan remains biased to buying USD on dips, albeit within a congestion zone

Japan / Equity Tactical

Take profit on Nomura Nikkei 225 ETF

October 17, 2017
Take profit on Nomura Nikkei 225 ETF

The ETF is looking overbought in the short term

Featured Publications

China / Industrials

One Belt, One Road: Moving faster than expected

September 27, 2017
One Belt, One Road: Moving faster than expected

The One Belt, One Road initiative is a novel concept, integrating the goals of foreign policies with economic imperatives. We take a look at the wide-ranging impact that this programme will have on c...

China / Real Estate

China Retail Property: Don’t underestimate rental upside

September 07, 2017
China Retail Property: Don’t underestimate rental upside

While retail space in China is set to increase over the next couple of years, we think that the risk of oversupply is overstated; we analyse the trends and dynamics which we believe would prop up ret...

Global / GDP

Q4 Outlook: Enduring myths

September 07, 2017
Q4 Outlook: Enduring myths

The myth that Asia is still dependent on the US for growth needs to be popped; it won’t be long, we believe.