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Global / GDP

Depth and duration of the global recession

April 08, 2020
Depth and duration of the global recession

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.

South Korea / India,Rates

BOK meeting preview; RBI to support INR bonds

April 08, 2020
BOK meeting preview; RBI to support INR bonds

The BOK may cut rates by 25bps as early as Thursday. Rise in Indian bond yields may require RBI support.

Global / Economics & Strategy

Research Library

April 08, 2020
Research Library

Economics and Macro Strategy

Thailand / Real Estate

A good opportunity to buy Thai telecom IFFs

April 08, 2020
A good opportunity to buy Thai telecom IFFs

The PFPO/REIT sector will not be immune to the impact of COVID-19. But we believe telecom IFFs may provide some safety.

Malaysia / Financials

Malaysian Banks: A picture of strength

April 06, 2020
Malaysian Banks: A picture of strength

Bank Negara Malaysia reiterated that financial institutions remain resilient. But we see additional earnings risk ahead for the sector.

Singapore / Consumer Staples

Singapore Consumer: Retail sales shifting to supermarkets

April 06, 2020
Singapore Consumer: Retail sales shifting to supermarkets

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.

Thailand / Strategy

Thailand’s third stimulus to ease strain on economy

April 08, 2020
Thailand’s third stimulus to ease strain on economy

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.

Singapore / Stock Pulse

Singapore Equity Picks: Time to lock in gains for CRCT, Asc...

April 08, 2020
Singapore Equity Picks: Time to lock in gains for CRCT, Ascendas REIT

For this and other ideas, please check out the Singapore Stock Pulse. Your go-to morning essential that inspires you with investment and trading ideas daily.

Singapore / Equities

Singapore Market Focus: Standing in solidarity

April 07, 2020
Singapore Market Focus: Standing in solidarity

The government’s latest Solidarity Budget aims to provide further support to businesses and households. We assess which sectors and companies will benefit most.

Economics Daily

  • Economics
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Global / Economics

Kopi time with Taimur Baig, E07: Princeton’s Bernard Haykel

April 08, 2020
Kopi time with Taimur Baig, E07: Princeton’s Bernard Haykel

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.

Singapore / GDP, Fiscal

Confronting the pandemic in solidarity

April 07, 2020
Confronting the pandemic in solidarity

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.

Global / Monetary,Growth

Macro Insights Weekly: Dual contagion

April 06, 2020
Macro Insights Weekly: Dual contagion

The Covid-19 contagion is spreading through the world in unprecedented pace and extent. A parallel contagion of economic and distress is spreading.

Global / FX, Rates

Risk appetite holding up; Deluge of US Treasury issuances a...

April 07, 2020
Risk appetite holding up; Deluge of US Treasury issuances and USD funding

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.

Global / FX,Rates

Nervousness returns to currencies; EU-wide measures in trai

April 02, 2020
Nervousness returns to currencies; EU-wide measures in train

Currencies are nervous again and EU still needs more region-wide policy responses.

Global / FX, Rates

FX to consolidate in 2Q; 10Y bond yields still high in Asia

April 01, 2020
FX to consolidate in 2Q; 10Y bond yields still high in Asia

Lessons from 1Q paving way for consolidation in 2Q.10Y Asian bond yields are still high despite rate cuts and liquidity supports.

Market Movers

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Global / Wealth Dailies

Volatility still plagues markets

April 08, 2020
Volatility still plagues markets

Wealth Dailies rounds up overnight markets with Market Newsfeed, Macro Strategy, Singapore Stock Pulse, and Regional Morning Pack

Developed Markets / Market Newsfeed

US stocks sink, reversing early gains

April 08, 2020
US stocks sink, reversing early gains

S&P 500 briefly met the time-honoured definition for the start of a bull market

Asia / Market Newsfeed

China markets are pricing in more easing

April 08, 2020
China markets are pricing in more easing

Economists are almost certain China would not unleash more stimulus soon but investors think otherwise

Global / FX Technicals

Peak volatility over for AUD/USD, but fade the recovery ral...

April 07, 2020
Peak volatility over for AUD/USD, but fade the recovery rally

Some of the upticks are related to dividends payouts and participation in the QE theme

Europe / FX Technicals

Going tactically long on EUR into a swing low

April 06, 2020
Going tactically long on EUR into a swing low

We think EUR is completing a minor technical pattern to end a decline

Global / FX Technicals

GBP/USD gets back on a slippery slope

April 02, 2020
GBP/USD gets back on a slippery slope

The market does not like the UK having a twin deficit situation

Global / CIO Weekly

Signs of stabilisation

April 07, 2020
Signs of stabilisation

Keep abreast of market moving events with CIO's weekly bulletin

Global / CIO Perspectives

Navigating COVID-19: Factsheet II

April 06, 2020
Navigating COVID-19: Factsheet II

We delve more into what the COVID-19 crisis is about, and what it is not about

Global / CIO Insights

Asset Allocation 2Q20: The road ahead

April 03, 2020
Asset Allocation 2Q20: The road ahead

Global financial markets are at a crossroad

Featured Publications

2Q20 Outlook: Build to last

March 25, 2020
2Q20 Outlook: Build to last

DBS CIO Hou Wey Fook shares how to position your portfolio in these uncertain times

Yuan recoups all losses since virus outbreak

March 06, 2020
Yuan recoups all losses since virus outbreak

Stimulus expectations and a weaker greenback are supporting the currency

Singapore / Consumer

Singapore Downstream F&B: Mass-market F&B set to sizzle

October 22, 2019
Singapore Downstream F&B: Mass-market F&B set to sizzle

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.