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Developed Markets / Equities

European markets close lower

January 16, 2018
European markets close lower

Oil stock rally loses steam after its best streak in decade

Global / Currencies

The euro extends gains

January 16, 2018
The euro extends gains

Meanwhile, the US dollar hovers at two-and-a-half-year low

Asia / Equities

China and Hong Kong halt weeks-long gains

January 16, 2018
China and Hong Kong halt weeks-long gains

But other Asia benchmarks close higher

Global / Insights

DBS Chief Investment Office Collection 2018

January 15, 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

Global / Insights

DBS Chief Investment Office Collection

December 21, 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 / FX Tactical

Pick up a better-placed dip in AUD

January 16, 2018
Pick up a better-placed dip in AUD

We may have seen an interim top as momentum returned to the market

Global / FX Tactical

More USD weakness likely, affecting GBP

January 15, 2018
More USD weakness likely, affecting GBP

GBP trades to the whims of the USD’s broader tone

US / Equity Tactical

Bristol-Myers Squibb looks attractive

January 12, 2018
Bristol-Myers Squibb looks attractive

After months of being sideways, the stock is finally preparing to resume its rise

Insights and Analysis

  • Economics
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  • Economics
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  • Equities
Global / Insights

Economics, Currencies & Rates Research

January 16, 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...

China / GDP

Robust exports support deleveraging efforts

January 15, 2018
Robust exports support deleveraging efforts

China’s exports should remain robust in Q1, giving Beijing more leeway to deepen domestic economic reforms. Indeed, containing financial risks will remain the top priority in 2018.

Global / GDP

Weekly Wrap: Where is Asian FX going?

January 12, 2018
Weekly Wrap: Where is Asian FX going?

We think a reckoning is coming for Asian currencies, with conditions ripe for a USD rally. Here are five key reasons.

China / Real Estate

Chinese property developers expect an even better 2018

January 15, 2018
Chinese property developers expect an even better 2018

While Chinese developers expect a strong 2017, despite a weaker second half, 2018 is forecast to be an even better year.

Hong Kong / Consumer Services

A good year ahead for Hong Kong hotels

January 15, 2018
A good year ahead for Hong Kong hotels

The recovery in Hong Kong’s inbound tourism gathered pace towards end-2017, which aided the hotel sector’s continued upturn. We expect this trend to continue in 2018.

Singapore / Real Estate

Firming fundamentals?

January 15, 2018
Firming fundamentals?

Tenants continue to flock to new office buildings in the central business district; meanwhile, we are concerned that supply is building up in the West Coast area.

Singapore / Equities

Maintain HOLD on SPH

January 16, 2018
Maintain HOLD on SPH

We are maintaining our HOLD call on SPH but have lowered our target price to S$2.78 from S$2.79 based on SOTP. For more, read today’s Singapore Wired Daily.

Global / Equities

Equities extend their gains; Japan sees largest inflows

January 15, 2018
Equities extend their gains; Japan sees largest inflows

Global markets extended their gains; Japan led developed countries with the most inflows for its ETFs. For more, check out or Weekly Global ETF Commentary.

Hong Kong / Equities

Potential profit ‘alerts’ and warnings

January 15, 2018
Potential profit ‘alerts’ and warnings

Following the profit alerts from CR Cement, Anhui Conch, and Geely, we have done an analysis on the companies that may do the same or warn about losses for FY2017.

What's New

Our latest views

Here's a list of reports we released recently.

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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

Trade deficit widens on commodities

January 16, 2018
Trade deficit widens on commodities

India’s December trade numbers were a mixed bag. Whilst exports fared better on nominal terms, a strong jump in imports saw the trade deficit deteriorate sharply. The cumulative April-December goods ...

India / Rates

Firm inflation triggers policy debate

January 15, 2018
Firm inflation triggers policy debate

With inflation in India hovering at a 15-month high – amid signs of economic recovery – the Reserve Bank of India will have to extremely careful in its guidance on the direction of rates, inflation, ...

China / Currencies

Why has the PBOC changed the RMB fixing formula?

January 10, 2018
Why has the PBOC changed the RMB fixing formula?

The removal of the ‘adjustment factor’ is in large part due to more balanced cross-border flow and also signifies that the government’s growing discomfort with the RMB’s recent ascent against the gre...

Global / Currencies

The Euro may take a breather after heady gains

January 16, 2018
The Euro may take a breather after heady gains

The market is discounting a stronger Euro on hopes that a stronger Eurozone economy will push the ECB to raise rates months after asset purchases end. For more on currencies and rates, check out our ...

Global / GDP

This Week: Eye on China’s Q4 GDP

January 15, 2018
This Week: Eye on China’s Q4 GDP

China’s Q4 GDP growth numbers are in focus, along with the routine bunch of mid-month releases, which include industrial production, retail sales, and fixed asset investment trends.

US / Rates

Steady FOMC

December 14, 2017
Steady FOMC

The US has made an impressively smooth recovery from the depths of the 2008/09 crisis, thanks to the Federal Reserve’s steady hand. We don’t expect the Fed to change its tone or direction appreciably...

Featured Publications

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...

China / Consumer Goods

China Dairy: Downstream is key

November 30, 2017
China Dairy: Downstream is key

China dairies in the downstream segment that have exposure to fast-growing product lines will be leading the industry’s growth. In this deep dive, we look at the industry’s dynamics, potential M&A ac...

Asia / Technology

Data Centre & Cloud: Divestments and M&As to accelerate in ...

November 10, 2017
Data Centre & Cloud: Divestments and M&As to accelerate in 2018

Our analysis of data centres across the region shows that Indonesia offers the best return on invested capital; telcos however can unlock the true value of their data-centre assets by divesting them.