Research Library
Economics and Macro Strategy
20 May 2022
- Access our research products here

Photo: AFP
Economics & Macro Strategy Flash
Macro Insights multimedia: Videos/Livestream/Podcast Series
Date | Report |
May 31, 2021 | Webinar: DEER investment strategy - Tuesday, May 31st, 4PM SGT HTML |
May 20, 2021 | Kopi Time E077: Barry Eichengreen on war, inflation, crypto, debt HTML |
May 17, 2021 | Webinar: Contours of RMB Internationalisation HTML |
May 10, 2021 | DBS Macro Insights Livestream May: Gearing up for higher volatility |
May 4, 2021 | Webinar (Record): Inflation's comeback: drivers and policy implications HTML |
May 4, 2021 | Kopi Time E076: Gojek’s CL Lien on running an e-services platform HTML |
April 27, 2021 | Webinar (Record): Monitoring the global supply chain HTML |
April 20, 2021 | Kopi Time E075 - Tan Su Shan on banking through a pandemic, war, and digital disruption HTML |
April 11, 2021 | DBS Macro Insights Livestream April: Inflation’s shadow HTML |
April 6, 2021 | Kopi Time E074: EY’s Sol Magaz on the healthcare sector through the pandemic HTML |
March 30, 2021 | Webinar (Recorded): Fed rate hikes and implications for assets HTML |
March 23, 2021 | Kopi Time E073: Vulcan AI’s Manik Bhandari on new tech’s application and ethics HTML |
March 9, 2021 | Kopi Time E072: Energy market mayhem with Vandana Hari HTML |
March 7, 2021 | DBS Macro Insights Livestream March: Ukraine, commodities, Fed, Asia HTML |
February 25, 2021 | Kopi Time E071: Security expert Jonah Blank on Ukraine, Europe, China, US, Asia HTML |
February 24, 2021 | Kopi Time E070: Prof Razeen Sally on the economics and geopolitics of trade deals HTML |
February 9, 2021 | Kopi Time E069: Mark Sobel on the US, Germany, China, IMF HTML |
February 7, 2021 | DBS Macro Insights Livestream February: Rising rates; EM vulnerability HTML |
January 26, 2021 | Kopi Time E068: Saurabh Jain on India’s dynamic tech start-up scene HTML |
January 20, 2021 | Kopi Time E067: Year-end commentary: Testing the guardrails HTML |
December 10, 2021 | Kopi Time E066: Danny Quah’s trampoline metaphor HTML |
November 23, 2021 | Kopi Time E065: Martin Mühleisen on IMF, global macro, and policy risks HTML |
November 2, 2021 | DBS Macro Insights Livestream November: Slowing growth and firming inflation HTML |
October 27, 2021 | Kopi Time E064: Blackrock’s Neeraj Seth on US, China, and EM rates strategy HTML |
October 13, 2021 | DBS Group Research Webinar: Rates: Stagflation or Normalisation HTML |
October 11, 2021 | DBS Group Research Webinar: China's "Common Prosperity" Agenda HTML |
October 6, 2021 | Kopi Time E063: Ilan Goldfajn on global outlook, inflation, EM risks HTML |
October 5, 2021 | DBS Macro Insights Livestream October: China credit risk and US taper scenario HTML |
September 15, 2021 | Kopi Time E062: ECB’s Paul Hiebert on the risk map of Europe's financial system HTML |
September 8, 2021 | DBS Macro Insights Livestream: Taper without a tantrum? HTML |
September 6, 2021 | DBS Group Research Webinar: NDF currency markets in Asia HTML |
September 1, 2021 | Kopi Time E061: Dr. Ma Jun on China’s climate change agenda HTML |
August 5, 2021 | Kopi Time E060: Sopnendu Mohanty on Singapore’s burgeoning FinTech scene HTML |
July 23, 2021 | Kopi Time E059: Anne Krueger on trade, inflation, wages, and industrial policy HTML |
July 19, 2021 | Intro to DEER (video); from FX valuation to trading HTML |
July 14, 2021 | DBS Macro Insights : Monetary policy in Asia; who will hike rates and who won't? HTML |
July 14, 2021 | DBS Macro Insights Webinar: India’s manufacturing and tech outlook HTML |
July 7, 2021 | Kopi Time E058: Komal Sri-Kumar on Fed policy, inflation, and asset markets HTML |
July 6, 2021 | DBS Macro Insights Livestream July: Regional Implications Of Fed’s Shifting Tone HTML |
June 24, 2021 | Kopi Time E057: BIS research head Hyun Song Shin on CBDCs HTML |
June 9, 2021 | Kopi Time E056: Mary Ellen Iskenderian on digital finance for women HTML |
June 8, 2021 | Macro Insights Livestream The race to mass vaccination HTML |
June 2, 2021 | Credit Market Outlook webinar: Risks and Opportunities HTML |
June 2, 2021 | DBS Webinar: Inflation outlook and implication for assets HTML |
May 25, 2021 | Kopi Time E055: Maya MacGuineas on US deficit and debt HTML |
May 20, 2021 | DBS Webinar: Navigating the Evolving World of Digital Currencies HTML |
May 17, 2021 | Kopi Time E054: Singapore’s renewed pandemic stringency HTML |
May 12, 2021 | Kopi Time E053: Juliana Chan on scientific communication and entrepreneurship in Asia HTML |
May 5, 2021 | Macro Insights Livestream: Covid cross-currents HTML |
April 27, 2021 | Kopi Time E052: Kishore Mahbubani on dealing with China’s rise HTML |
April 13, 2021 | Kopi Time E051: Vasuki Shastry on “Has Asia Lost It?” HTML |
March 31, 2021 | DBS Macro Insights Livestream: The race to vaccination HTML |
March 30, 2021 | DBS Macro Insights: Green bonds blossom with property in the lead HTML |
March 24, 2021 | Kopi Time E050: DBS CEO Piyush Gupta on accelerated disruptions HTML |
March 19, 2021 | Kopi Time E049: Prof David Victor on decarbonisation HTML |
March 10, 2021 | Kopi Time E048: Chandran Nair on the reset necessitated by the pandemic HTML |
March 9, 2021 | DBS Macro Insights Livestream: Reflation tantrum HTML |
March 3, 2021 | Kopi Time E047: Dan Wang on the global semiconductor race HTML |
February 24, 2021 | DBS Macro Insights: How do we expect the Fed to act? HTML |
February 24, 2021 | DBS Macro Insights: When Pandemic Fears Fade HTML |
February 17, 2021 | Kopi Time E045: Ajaita Shah on supporting rural female entrepreneurs in India HTML |
February 16, 2021 | DBS Macro Insights: Has the weak USD run its course? HTML |
February 10, 2021 | Macro Insights February 2021: Mutations and valuations HTML |
February 8, 2021 | Kopi Time E044: Mark Sobel on the US economy and Biden’s agenda HTML |
February 2, 2021 | Kopi Time E043: Alok Oberoi on the SPACs phenomenon HTML |
January 27, 2021 | Kopi Time E042: BRAC’s Shameran Abed on microfinance to tackle Covid’s myriad challenges HTML |
January 20, 2021 | The case for and against inflation HTML |
January 20, 2021 | Kopi Time E041: EY’s Varun Mittal on FinTech HTML |
January 13, 2021 | Macro Insights Livestream: Shape of Q420 and Q121 HTML |
January 12, 2021 | Kopi Time E040: Dr. Deborah Elms on RCEP, CPTPP, CAI HTML |
December 14, 2020 | Kopi Time E039: Dr. Jenny Low on vaccines HTML |
December 9, 2020 | Kopi Time E038: Stephen Schwartz, Fitch Ratings HTML |
December 3, 2020 | December Macro Insights Livestream: A Bifurcated World HTML |
December 3, 2020 | Kopi Time E037: Mckinsey’s Ziad Haider on US presidential transition HTML |
November 17 2020 | Kopi Time E036: Dr. Eswar Prasad on USD, RMB, and CBDCs HTML |
November 7 2020 | Kopi Time E035: Dr. Marsha Vande Berg on US elections HTML |
November 5 2020 | November Macro Insights Livestream: US elections and implications for Asia HTML |
October 30, 2020 | Kopi Time E034: Arvind Subramanian on the US, China, India, development HTML |
October 28, 2020 | Asia Economist Webinar: Radhika Rao on investing in India's bonds and FX HTML |
October 19, 2020 | Kopi Time E033: Prof Andreas Rasche on sustainable investing and corporate responsibility HTML |
October 15, 2020 | Kopi Time E032: Ben Bland on Indonesia and President Jokowi HTML |
October 13, 2020 | The Asia Economist: Chang Wei Liang on mapping the credit landscape in Asia HTML |
October 7, 2020 | Kopi Time E031: James Crabtree on US elections and the impact on Asia HTML |
October 5, 2020 | October Macro Insights Livestream: October Surprise HTML |
October 1, 2020 | Asia Economist Webinar: Irvin Seah on the financial wellness of Singaporeans HTML |
September 29, 2020 | Kopi Time E30: ADB’s Abdul Abiad on pandemic, outlook, and wellness HTML |
September 24, 2020 | The Asia Economist: Nathan Chow and Ma Tieying on China’s bond and currency markets HTML |
September 21, 2020 | Kopi Time E029: Sir Ivan Rogers on Brexit HTML |
September 18, 2020 | The Asia Economist: Chang Wei Liang and Samuel Tse on the present and future of digital currencies HTML |
September 14, 2020 | Kopi Time E28: Grayscale’s Michael Sonnenshein on private digital currencies HTML |
September 8, 2020 | Kopi Time E027: Hans Vriens on the current state of politics in Southeast Asia HTML |
August 25, 2020 | September Macro Insights Livestream: Weak dollar and a reflation narrative HTML |
August 28, 2020 | Kopi Time E026: Accenture’s Sonia Gupta on changing consumer trendsKopi Time HTML |
August 18, 2020 | Kopi Time E025: World Gold Council’s Shaokai Fan on gold supply, demand, and market structure HTML |
August 11, 2020 | Kopi Time E24: GIC’s Prakash Kannan on global macro and asset price outlook HTML |
August 6, 2020 | Macro Insights Livestream: A fading V HTML |
August 4, 2020 | Kopi Time 023: Dr. Lynn Kuok, Senior Fellow, IISS, on China-US rivalry HTML |
August 3, 2020 | Asia Economist Webinar: Chris Leung on China’s Economic outlook HTML |
July 22, 2020 | Kopi Time E22: Khor Hoe Ee on AMRO’s views and role in the region HTML |
July 20, 2020 | The Asia Economist: Ma Tieying on Taiwan’s tech opportunities HTML |
July 14, 2020 | Kopi time E21: IFC’s Vivek Pathak on investing in East Asia HTML |
July 13, 2020 | The Asia Economist: Radhika Rao on India-China relations HTML |
July 8, 2020 | Kopi time E20: ECB’s Paul Hiebert on the intersection of financial stability and climate risk HTML |
July 7, 2020 | Macro Insights Livestream July: What’s next in the Covid-19 saga? HTML |
July 3, 2020 | The Asia Economist—Singapore: Navigating An Uneven Recovery HTML |
July 2, 2020 | Kopi time E19: Professor Sir Charles Bean on the economics of coronavirus HTML |
Back to Top ^
Macro Strategy Daily
Date | Report |
May 20, 2022 | Philippines: BSP kicks off policy normalisation on inflation worries (Chua Han Teng) HTML |
May 20, 2022 | FX Daily: Focus shifts from Fed to other central banks HTML |
May 19, 2022 | India rates: Hawkish Minutes suggest more frontloaded action (Radhika Rao) HTML |
May 19, 2022 | USD Rates: Spill over from weak equities (Eugene Leow) HTML |
May 19, 2022 | FX Daily: It’s beginning to feel like a consolidation (Philip Wee HTML |
May 18, 2022 | USD Rates: Paring excessive pessimism (Eugene Leow) HTML |
May 18, 2022 | FX Daily: Currencies recover this month’s post-FOMC losses HTML |
May 13, 2022 | HKD rates: First HKMA intervention since 2019 (Samuel Tse) HTML |
May 13, 2022 | India rates: Jump in inflation confirms June hike (Radhika Rao) HTML |
May 13, 2022 | Credit: Favour rotation from Asian to US credit (Chang Wei Liang) HTML |
May 13, 2022 | FX Daily: USD reaches another unhealthy high (Philip Wee) HTML |
May 12, 2022 | Malaysia: BNM begins policy lift-off (Chua Han Teng) HTML |
May 12, 2022 | USD Rates: Unacceptably high inflation (Eugene Leow) HTML |
May 12, 2022 | FX Daily: US CPI inflation mixed, UK GDP next (Philip Wee) HTML |
May 11, 2022 | Asia Rates: Still some time away from peak rates (Duncan Tan) HTML |
May 11, 2022 | FX Daily: All eyes on US CPI today (Philip Wee) HTML |
May 10, 2022 | SGD Rates: Perceived tight liquidity and safety play (Eugene Leow) HTML |
May 10, 2022 | USD Rates: Stress marker for peak duration fear hit (Eugene Leow) HTML |
May 10, 2022 | India FX: Risk-off mood weighs on the rupee (Radhika Rao) HTML |
May 10, 2022 | FX: Commodity and EM Asian currencies catching up to DXY (Philip Wee) HTML |
May 6, 2022 | US Rates: Buoyant ahead of payrolls (Eugene Leow) HTML |
May 6, 2022 | FX Daily: Simply volatile (Philip Wee) HTML |
May 6, 2022 | Credit: Downside risks for Europe increasingly priced in (Chang Wei Liang) HTML |
May 5, 2022 | Economics: Fed charts a constructive path for the markets (Dr Taimur Baig) HTML |
May 5, 2022 | US Rates: Fed hikes by 50bps and offers clarity on policy (Eugene Leow) HTML |
May 5, 2022 | FX Daily: Post-FOMC, pay more attention to data and other central banks (Philip Wee) HTML |
May 5, 2022 | India rates: RBI surprises with an off-cycle hike (Radhika Rao) HTML |
May 4, 2022 | US Rates: Market participants position for a hawkish Fed (Eugene Leow) HTML |
May 4, 2022 | FX Daily: Fed’s tone will matter after four months of USD strength (Philip Wee) HTML |
April 29, 2022 | US 1Q GDP shrinks due to strong imports (Taimur Baig) HTML |
April 29, 2022 | G3 Rates: Opportunities in the divergences between the Fed, ECB and BOJ (Eugene Leow) HTML |
April 29, 2022 | USD coming up against record trade deficit, high inflation and disappointing growth (Philip Wee) HTML |
April 28, 2022 | Asia Rates: Axis of differentiation shift from oil to China exposures (Duncan Tan) HTML |
April 28, 2022 | Europe: Cut-off in gas supplies to two member countries ups the ante (Radhika Rao) HTML |
April 28, 2022 | FX Daily: Caution warranted with DXY, EUR and JPY at extreme levels (Philip Wee) HTML |
April 27, 2022 | USD Rates: Factoring in growth / sentiment risks (Eugene Leow) HTML |
April 27, 2022 | Tue, 27 Apr - FX Daily: USD bulls wary of DXY at Covid highs (Philip Wee) HTML |
April 26, 2022 | Indonesia rates: Stance on palm oil export ban eases (Radhika Rao) HTML |
April 26, 2022 | USD Rates: Pushback against an overly aggressive rise in yields (Eugene Leow) HTML |
April 26, 2022 | FX Daily: Bottom fishing after Monday’s sell-off (Philip Wee) HTML |
April 22, 2022 | Credit: Unequal treatment for Chinese onshore-offshore debt? (Chang Wei Liang) HTML |
April 22, 2022 | FX Daily: Still at an unpleasant place between high inflation and growth risks (Philip Wee) HTML |
April 21, 2022 | Global Rates: Some reprieve as investors see value (Eugene Leow) HTML |
April 21, 2022 | FX Daily: Powell might temper aggressive hike bets (Philip Wee) HTML |
April 20, 2022 | Global Rates: Caught in the normalization maelstrom (Eugene Leow) HTML |
April 20, 2022 | FX Daily: Markets turn selective, EM Asian currencies play catch up to USD strength (Philip Wee) HTML |
April 19, 2022 | USD Rates: Longer-term rates are pricing in neutral (Eugene Leow) HTML |
April 19, 2022 | FX Daily: USD higher but becoming overbought (Philip Wee) HTML |
Economics & Macro Strategy Flash
Date | Report |
May 20, 2022 | China: Easing toward the property sector HTML |
May 9, 2022 | Indonesia: Resilient growth provides room to prioritise inflation HTML |
May 6, 2022 | FX: DEER recommendations (May 2022) HTML |
May 4, 2022 | HKSAR: Downgrading GDP forecast HTML |
April 29, 2022 | Inflation’s rapid comeback HTML |
April 28, 2022 | Japan: BOJ reinforces YCC commitment HTML |
April 25, 2022 | SGD Rates: Gauging SSB demand HTML |
April 21, 2022 | Asia Rates: Flows & Valuations (April 2022) HTML |
April 19, 2022 | Bank Indonesia stays on hold; we see inflation risks HTML |
April 19, 2022 | South Korea: A post-election update HTML |
April 18, 2022 | Inflation and upside risks to hike cycles HTML |
April 18, 2022 | China: Lowering 2022 growth forecast by 50bps HTML |
April 14, 2022 | China: Weaker trade growth ahead HTML |
April 14, 2022 | Singapore: Balancing growth and inflation HTML |
April 8, 2022 | India: Inflation becomes a priority at the RBI HTML |
April 6, 2022 | THB & MYR Rates: Differing risk profiles HTML |
April 6, 2022 | Malaysia/Thailand: Diverging monetary policy outlook HTML |
March 30, 2022 | FX: The Yen’s impact on the DEER strategy HTML |
March 30, 2022 | Vietnam: Constructive but facing new headwinds HTML |
March 25, 2022 | Taiwan: Assessing the impact of higher rates HTML |
March 23, 2022 | India: GDP growth, inflation, and Russia-Ukraine fallout HTML |
March 18, 2022 | Taiwan: Monetary policy tightening begins HTML |
March 17, 2022 | Fed policy: hawkish yet constructive HTML |
March 15, 2022 | China: Strong headwinds HTML |
March 10, 2022 | Thailand/Malaysia: Current account and FX HTML |
March 7, 2022 | Asia Rates: Geopolitics and Fed HTML |
March 7, 2022 | China: NPC signals front-loaded policy support HTML |
March 3, 2022 | Credit: Assessing the impact from Russian sanctions HTML |
March 1, 2022 | India: GDP growth, inflation, and Russia-Ukraine fallout HTML |
February 28, 2022 | Asia Rates: Assessing the impact from Russia-Ukraine HTML |
February 17, 2022 | ECB to kickstart policy normalisation, BOJ patient HTML |
February 17, 2022 | Singapore: Strong growth but watch inflation risks HTML |
February 10, 2022 | India & Indonesia monetary policy: Divergent responses HTML |
February 7, 2022 | Indonesia: Demand normalisation brightens outlook HTML |
February 3, 2022 | FX: DEER recommendations (February 2022) HTML |
January 28, 2022 | Malaysia/Philippines: Asynchronous recovery HTML |
January 25, 2022 | Singapore: Higher inflation, steeper SGD NEER band HTML |
January 24, 2022 | Thailand: Fragility warrants supportive policies HTML |
January 20, 2022 | Indonesia’s monetary and fiscal policies to converge HTML |
January 17, 2022 | China: Deepening slowdown warrants further easing HTML |
January 10, 2022 | SGD Rates: What does a more aggressive Fed mean? HTML |
January 10, 2022 | USD Rates: The Fed’s speed limit HTML |
January 6, 2022 | India: Bracing for a third Covid wave HTML |
January 6, 2022 | Asia Rates 2022: Growth Priorities vs Fed Concerns HTML |
January 3, 2022 | Singapore: A strong last lap in 2021 HTML |
December 8, 2021 | India: RBI maintains a dovish stance HTML |
November 25, 2021 | BOK tightening is not over, but pace may slow HTML |
November 25, 2021 | Tracking China credit shifts with the DACS HTML |
November 22, 2021 | DM Rates: Exit Strategy HTML |
November 18, 2021 | Bank Indonesia on hold, with an eye on US policy shifts HTML |
November 16, 2021 | Thailand: A gradual recovery, at last HTML |
November 15, 2021 | India: Festive boost buoys output, inflation a drag HTML |
November 5, 2021 | Indonesia: Growth to end 2021 on a firmer note HTML |
November 5, 2021 | FX: DEER recommendations (November 2021) HTML |
November 2, 2021 | Hong Kong SAR: Slowdown not worrisome HTML |
October 28, 2021 | Asia Rates: Impact from rising energy prices HTML |
October 27, 2021 | India/Indonesia: Oil shock and inflation HTML |
October 18, 2021 | Power shortage weighs down China’s growth HTML |
October 15, 2021 | INR Rates: Greater normalization impetus HTML |
October 12, 2021 | China’s Power Shortage HTML |
October 12, 2021 | Indonesia: Tax measures and strong trade add to resilience HTML |
October 8, 2021 | India: RBI signals ‘one size does not fit all’ HTML |
October 1, 2021 | Japan: A new hope HTML |
September 30, 2021 | Asia Rates: Bond Supply Pressures in 4Q HTML |
September 27, 2021 | Thailand: Positioning for a BOT rate cut HTML |
September 21, 2021 | Indonesia: Monetary-fiscal mix for growth and stable IDR HTML |
September 16, 2021 | Asia Rates Strategy: Systemic vs Idiosyncratic drivers HTML |
September 2, 2021 | IDR Rates: “Burden-sharing” a positive for IndoGB HTML |
August 30, 2021 | Vietnam: Slower growth, but still outperformer HTML |
August 25, 2021 | Eurozone & Japan: Delta and cautious reopening HTML |
August 24, 2021 | US economy’s ebbing momentum and market implications HTML |
August 23, 2021 | India: Strong growth print likely in 2Q21; what’s next? HTML |
August 18, 2021 | China: Growth downgraded amid Delta worries HTML |
August 17, 2021 | Malaysia: Uneven path to recovery HTML |
August 16, 2021 | China: Delta worries dim outlook; policy easing warranted HTML |
August 11, 2021 | Singapore: Reopening growth impetus ahead HTML |
August 11, 2021 | Thailand: Sluggish growth, lower rates, weaker THB HTML |
August 10, 2021 | Philippines: A laggard in the pandemic recovery HTML |
August 5, 2021 | Indonesia: A sharp rebound in 2Q21 GDP HTML |
August 4, 2021 | Vietnam: Implications of the currency truce with the US HTML |
August 3, 2021 | FX: DEER recommendations (August 2021) HTML |
August 3, 2021 | SGS: Attractive pickup for the 20Y tenor HTML |
August 2, 2021 | Asia Rates: An update on our trade ideas HTML |
August 2, 2021 | Hong Kong: Speedy recovery HTML |
July 30 2021 | India: RBI unlikely to rock the (policy) boat HTML |
July 28 2021 | China: Quick thoughts on the sell-off in equities HTML |
July 27 2021 | Eurozone: ECB Strategy review affirms dovish course HTML |
July 21 2021 | Indonesia/ Thailand: Bumpy road to recovery HTML |
July 15 2021 | China: Slower headline growth; policy in neutral gear HTML |
July 14 2021 | Singapore: Strong 2Q but normalisation ahead HTML |
July 9 2021 | China: RRR cut in sight as inflation fears ease HTML |
July 9 2021 | Indonesia: No respite from the pandemic HTML |
July 7 2021 | CNY Rates: Higher issuances, tighter liquidity HTML |
June 28 2021 | South Korea to hike rates in 4Q, first in Asia HTML |
June 18 2021 | Asian rates primed to rise in 2H HTML |
June 17 2021 | USD Rates: The Fed’s shifting tone and rates implications HTML |
June 4 2021 | CNY to consolidate after year-long gains HTML |
May 27, 2021 | Eurozone & Japan: Paths diverge HTML |
May 27, 2021 | China: Inflation and monetary policy outlook HTML |
May 25, 2021 | Singapore: Speed bump in 2Q21 HTML |
May 19, 2021 | Asia Rates: Global Inflation and Fed Taper Headwinds HTML |
May 18, 2021 | Covid outbreak and Taiwan’s outlook HTML |
May 18, 2021 | Bond returns and Covid; Divergent FX trends HTML |
May 17, 2021 | China: Reading through flattening growth figures HTML |
May 11, 2021 | Thailand: Recalibrating expectations HTML |
May 11, 2021 | China: rising producer prices not yet a threat HTML |
May 6, 2021 | Indonesia: The economy bottoms HTML |
May 6, 2021 | Asia Rates: Bond supply differentials HTML |
May 4, 2021 | Credit: Diminished state support meets Huarong HTML |
April 21, 2021 | Singapore's inflation expectations turn a corner HTML |
April 20, 2021 | Turning on cautious on Indonesian rates HTML |
April 16, 2021 | China: Fears over tightening overdone HTML |
April 14, 2021 | Singapore: Recovery is on track HTML |
April 7, 2021 | India & Indonesia: Monetary policy – steady hand on the wheel HTML |
April 6, 2021 | Safeguards for SINGA bonds HTML |
April 1, 2021 | INR rates: 1H issuance calendar point to greater supply pressures ahead HTML |
April 1, 2021 | India & Indonesia: Strengthening the institutional backbone HTML |
March 30, 2021 | Asia Rates: China included into WGBI; Malaysia removed from watchlist HTML |
March 23, 2021 | India: Tackling a second Covid wave HTML |
March 23, 2021 | Interest rate hike expectations in Asia are overpriced HTML |
March 10, 2021 | China Rates: Comfortable with duration HTML |
March 9, 2021 | Eurozone & Japan: Payback year HTML |
March 1, 2021 | Asia Rates: Finding cover amid the global selloff HTML |
February 22, 2021 | India: cyclical rebound and sticky inflation HTML |
February 19, 2021 | SGD Rates: Thoughts on SINGA bonds HTML |
February 19, 2021 | Indonesia: Dovish hold for the year, eye on the COVID-19 curve HTML |
February 15, 2021 | Singapore: Ended 2020 on a brighter note HTML |
January 29, 2021 | China: Stimulus calibration underway HTML |
January 27, 2021 | India rates: Union Budget and Fading Risks HTML |
January 22, 2021 | Oil: The bulls are back HTML |
January 21, 2021 | South Korea & Taiwan: Semiconductor sector continues to shine HTML |
January 21, 2021 | SGD Rates: Opportunity Arises HTML |
January 18, 2021 | India budget: To align with pandemic-led shifts HTML |
January 18, 2021 | China: Strengthening recovery momentum HTML |
January 11, 2021 | Indonesia: Seeking a flatter pandemic curve HTML |
January 7, 2021 | Japan: Implications of Covid state of emergency HTML |
January 7, 2021 | SGD Rates: Limit increase offers opportunities for SGS HTML |
January 6, 2021 | India: Counting on vaccine, eye on inflation HTML |
January 4, 2021 | Singapore: Hopeful end to a bitter year HTML |
Macro Insights Weekly
Date | Report |
May 17, 2022 | Slowdown everywhere HTML |
May 9, 2022 | Choppy waters HTML |
April 25, 2022 | Mounting market stress HTML |
April 18, 2022 | Inflation, past and present HTML |
April 11, 2022 | Recession watch already? HTML |
April 4, 2022 | Asia’s trade outlook HTML |
March 28, 2022 | Implications of ratcheting rate hike expectations HTML |
March 21, 2022 | Macro Insights Weekly: A China “put”? HTML |
March 14, 2022 | Commodity price spike and energy transition HTML |
March 7, 2022 | Stagflation watch? HTML |
February 28, 2022 | Ukraine and energy price risks HTML |
February 21, 2022 | Ukraine’s shadow HTML |
February 14, 2022 | Three scenarios around the rate hike cycle HTML |
February 7, 2022 | Assessing market volatility markers HTML |
January 31, 2022 | Rising rates; EM vulnerability HTML |
January 24, 2022 | Oil and 2022 outlook HTML |
January 17, 2022 | Surveying investors’ market views HTML |
January 10, 2022 | Year of higher rates HTML |
December 13, 2021 | Inflation risk factors HTML |
November 29, 2021 | Another coronavirus mutation scare HTML |
November 22, 2021 | Shape of 4Q HTML |
November 15, 2021 | Taking stock of the hot US inflation reading HTML |
November 8, 2021 | RCEP and DEPA HTML |
November 1, 2021 | What to expect from COP26 HTML |
October 25, 2021 | Pandemic and income in Asia HTML |
October 18, 2021 | Property price trends in Asia HTML |
October 11, 2021 | Slowing growth and higher rates? HTML |
October 4, 2021 | Crypto update; China power crunch; RBI policy preview HTML |
September 27, 2021 | Credit risk in China; taper scenario in the US HTML |
September 20, 2021 | China slowdown and credit risk HTML |
September 13, 2021 | Downgrading the US GDP forecast HTML |
September 6, 2021 | China’s “common prosperity” agenda HTML |
August 30, 2021 | Jackson Hole takeaways: jobs and inflation HTML |
August 23, 2021 | Re-opening trade interrupted HTML |
August 16, 2021 | Will China follow the German Model? HTML |
July 26, 2021 | Taking stock of currency positionings HTML |
July 19, 2021 | Making sense of flattening curves HTML |
July 12, 2021 | Rate hike considerations in India and South Korea HTML |
July 5, 2021 | Assessing the US economy at mid-year HTML |
June 28, 2021 | How much bond can central banks buy? HTML |
June 21, 2021 | Singapore’s Census: Older, richer, smarter HTML |
June 14, 2021 | Fed’s tools to help the world (and the US) HTML |
June 7, 2021 | Is PBoC ahead of the curve? HTML |
May 31, 2021 | Asia’s Covid stumble and fiscal response HTML |
May 24, 2021 | Can trade bail out Asia this year? HTML |
May 17, 2021 | Singapore’s renewed pandemic stringency HTML |
May 10, 2021 | Assessing the Covid scar HTML |
May 3, 2021 | Could herd immunity be a mirage? HTML |
April 26, 2021 | Asia’s house prices perking up HTML |
April 19, 2021 | Contrasting recovery of China and the US HTML |
April 12, 2021 | Varieties of inflation trend HTML |
April 5, 2021 | A peek into 2Q HTML |
March 29, 2021 | China-US: Competition, collaboration, confrontation HTML |
March 22, 2021 | Five factors to watch during reflation HTML |
March 15, 2021 | Rising rates and funding needs HTML |
March 8, 2021 | Virus variant alert HTML |
March 1, 2021 | The coming US boom HTML |
February 22, 2021 | Singapore’s green agenda HTML |
February 16, 2021 | Debt burden HTML |
February 8, 2021 | Battle line between big and small investors HTML |
February 1, 2021 | As yield curves steepen HTML |
January 25, 2021 | Between vaccines and virus resurgence HTML |
January 18, 2021 | Inflation watch HTML |
January 11, 2021 | Shape of 4Q20 and 1Q21 HTML |
December 14, 2021 | Asset valuation versus returns HTML |
December 7, 2021 | Thinking through a bifurcated world HTML |
November 30, 2021 | 12 trade ideas for 2021 HTML |
November 23, 2021 | Singapore: Recovery is on track HTML |
November 18, 2021 | Singapore Outlook 2021: Emerging optimism HTML |
November 16, 2021 | RCEP is a big deal HTML |
November 9, 2021 | Covid contrast HTML |
November 2, 2021 | Four US election scenarios HTML |
Focus & Thematic
Date | Report |
May 18, 2022 | Indonesia: Fuel prices, subsidies, and inflation – balancing act HTML |
May 9, 2022 | China: Contours of RMB Internationalisation HTML |
May 5, 2022 | CNY: More depreciation, no crash HTML |
May 4, 2022 | Trade implications of an undervalued JPY HTML |
May 4, 2022 | India: Two buffers and three risks to the economy HTML |
April 20, 2022 | Philippines: Economy and markets around elections HTML |
April 12, 2022 | Analysing the Asian credit term structure HTML |
April 7, 2022 | Top-10 macro trade ideas (Q2 update) HTML |
April 6, 2022 | MAS preview: More tightening coming HTML |
March 8, 2022 | ASEAN-5: Evaluating key inflation drivers HTML |
March 2, 2022 | Digital Assets Update, March 2022: Deepening roots HTML |
February 21, 2022 | Singapore Budget 2022: Walking the fiscal tightrope HTML |
February 14, 2022 | Vietnam: Assessing RCEP benefits and linkages HTML |
February 1, 2022 | India Budget: Capex-push and new priorities, modest consolidation HTML |
January 28, 2022 | An EM risk heatmap HTML |
January 27, 2022 | Singapore Budget 2022: Refocusing on long-term priorities HTML |
January 20, 2022 | India’s Budget preview: Consolidation over fiscal activism HTML |
January 18, 2022 | HK SAR: Zero-COVID policy with rising rates HTML |
January 12, 2022 | Top-10 macro trade ideas for 2022 HTML |
December 9, 2021 | Taiwan Outlook: Ten predictions for 2022 HTML |
December 6, 2021 | 2022 Outlook: Testing the guardrails HTML |
December 2, 2021 | India 2022 Outlook: Shifting to a higher gear HTML |
December 1, 2021 | Singapore Outlook 2022: Rebalancing growth and inflation risks HTML |
November 30, 2021 | China 2022: The State asserts HTML |
November 15, 2021 | China: Power disruptions ease, headwinds remain HTML |
November 12, 2021 | Elevated energy price and Asia HTML |
November 10, 2021 | Philippines: A long road to full recovery HTML |
November 2, 2021 | Malaysia: Cautious path to normalisation HTML |
October 25, 2021 | India: Setting the stage for bond index inclusion HTML |
October 13, 2021 | Malaysia’s electrical and electronics sector potential HTML |
October 7, 2021 | Understanding China: Key trends under common prosperity HTML |
October 6, 2021 | Digital Assets Update: Use case and pushback galore HTML |
October 4, 2021 | Vietnam: The worst is over; recovery ahead HTML |
September 29, 2021 | Systemic risk in China property? HTML |
September 27, 2021 | India: Fiscal positives and rangebound rupee HTML |
September 23, 2021 | ASEAN’s potential in semiconductor manufacturing HTML |
September 22, 2021 | Philippines: Fluctuating current account, weaker PHP HTML |
September 16, 2021 | ASEAN-6: Mapping electronics exposure HTML |
September 14, 2021 | Understanding India: Growing footprint in electronics HTML |
September 13, 2021 | Contours of the GBA Wealth Connect HTML |
September 7, 2021 | Thailand: Baht’s overvaluation HTML |
September 1, 2021 | India: Growth spurt in 2Q, rates eye trade-off HTML |
August 18, 2021 | Indonesia: Investments and foray into Electric Vehicles HTML |
August 4, 2021 | Mapping India’s Financial Conditions Index (FCI) HTML |
July 21, 2021 | Digital Assets Update: Regulation, tokenised carbon credits, CBDCs HTML |
July 8, 2021 | 3Q Nowcasting for China, India, Indonesia, and Singapore HTML |
July 6, 2021 | India: Vaccination and policy normalisation HTML |
July 6, 2021 | HKD Rates: HIBORs to remain anchored HTML |
June 30, 2021 | US economic recovery and fixed income implications HTML |
June 29, 2021 | Indian rupee’s overvaluation and ample buffers HTML |
June 22, 2021 | Indonesia’s onshore bond and FX markets – a primer HTML |
June 16, 2021 | Surging flows in and out of China HTML |
June 15, 2021 | Singapore: Towards mass vaccination and economic recovery HTML |
June 7, 2021 | Opportunities in Chinese banks’ credit HTML |
June 2, 2021 | Implications of the global semiconductor race HTML |
May 20, 2021 | Four questions about India’s growth risks HTML |
May 18, 2021 | USD Rates: Inflation & Taper strategies HTML |
May 17, 2021 | USD Rates: 5 reasons to taper HTML |
May 6, 2021 | SGD Rates: Spotting the distortions HTML |
May 4, 2021 | Hong Kong: Upward revision of HK outlook HTML |
April 29, 2021 | 减少碳排放: 原因和途径 HTML |
April 29, 2021 | Reducing carbon: why and how HTML |
April 22, 2021 | India’s Covid resurgence begins to take an economic bite HTML |
April 13, 2021 | 认识中国: 大湾区融合步伐加快.HTML |
April 13, 2021 | Understanding China: GBA integration gathers pace.HTML |
April 06, 2021 | Update on Digital Assets: NFTs, DeFi, Cryptos, CBDCs.HTML |
March 30, 2021 | Taiwan: Growth shifting to higher gear.HTML |
March 10, 2021 | IndoGB: Underappreciated.HTML |
March 9, 2021 | China’s onshore bond and FX markets: A primer for foreign investors.HTML |
March 9, 2021 | Eurozone & Japan: Payback year HTML |
March 5, 2021 | Understanding India: Manufacturing push – a reset HTML |
March 2, 2021 | The coming US boom HTML |
February 17, 2021 | Singapore’s budget for recovery and sustainability HTML |
February 9, 2021 | Stacking up Indonesia’s policy stance against other EMs HTML |
February 8, 2021 | HKD Rates: IPOs, issuances & global recovery HTML |
February 8, 2021 | SGD Rates: Too fast in relative terms HTML |
February 5, 2021 | US: The case for higher rates HTML |
February 1 , 2021 | India: FY22 budget pushes investments over consolidation HTML |
February 1 , 2021 | Hong Kong: Cautiously optimistic outlook HTML |
January 22, 2021 | Understanding China: RMB internationalisation 2.0 HTML |
January 20, 2021 | The case for and against inflation HTML|Video |
January 19, 2021 | Singapore Budget 2021: Supporting the recovery HTML |
January 12, 2021 | USD Rates: Reflation scare HTML |
January 6, 2021 | China: Credit related policy to contain market risks HTML |
Rates Dashboard
Date | Report |
October 5, 2020 | SG |
Chart Book
Date | Report |
May 18, 2022 | Thailand chartbook: Recovery in a tough backdrop HTML |
May 11, 2022 | Vietnam chartbook: Domestic upturn buffers external headwinds HTML |
April 22, 2022 | Chartbook: Monitoring the global supply chain (2Q22) HTML |
April 6, 2022 | Singapore Chartbook: Slower growth, higher inflation HTML |
February 22, 2022 | Thailand chartbook: Bumpy recovery HTML |
February 8, 2022 | China Chartbook: Production intact, consumption underwhelmed HTML |
January 31, 2022 | Hong Kong SAR Chartbook: Impact of Zero-COVID Policy HTML |
January 19, 2022 | Vietnam chartbook: Growth support from policies HTML |
January 11, 2022 | Chartbook: Monitoring the global supply chain HTML |
October 20, 2021 | ASEAN-6/China chartbook: Flourishing trade HTML |
October 5, 2021 | Thailand chartbook: Long road to normalisation HTML |
September 29, 2021 | Taiwan Chartbook: Cyclical tailwinds vs. secular headwinds HTML |
September 21, 2021 | Singapore Chartbook: The bumpy path from pandemic to endemic HTML |
September 2, 2021 | China Chartbook: Ageing and rejuvenation HTML |
August 25, 2021 | ASEAN-6 chartbook: Riding out the pandemic HTML |
May 4, 2021 | ASEAN-6 chartbook: Covid uptick poses a hurdle HTML |
April 27, 2021 | South Korea Chartbook: Higher growth, stable rates HTML |
April 20, 2021 | Vietnam Chartbook: Exports and FDI to the fore HTML |
March 30, 2021 | Singapore Chartbook: Raising growth and inflation forecasts HTML |
March 22, 2021 | China Chartbook: Key Takeaway from China’s 14th Five Year Plan HTML |
February 16, 2021 | 图示中国: 绿色债券蓬勃发展,房地产行业引领主流 HTML |
February 16, 2021 | China Chartbook: Green bonds blossom with property in the lead HTML |
February 16, 2021 | ASEAN-6 chartbook: Turning a corner HTML |
February 11, 2021 | Thailand chartbook: Bumpy road to normalisation HTML |
Subscribe here to receive our economics & macro strategy materials.
To unsubscribe, please click here.
GENERAL DISCLOSURE/DISCLAIMER
This report is published by DBS Bank Ltd. This report is intended for clients of DBS Bank Ltd only and no part of this document may be (i) copied, photocopied or duplicated in any form or by any means or (ii) redistributed without the prior written consent of DBS Bank Ltd. The research set out in this report is based on information obtained from sources believed to be reliable, but we (which collectively refers to DBS Bank Ltd., its related corporations (as defined in the Companies Act Chapter 50 Singapore), affiliates and their respective directors, officers, employees and agents (collectively, the “DBS Group”) do not make any representation or warranty as to its accuracy, completeness or correctness. Opinions expressed are subject to change without notice. This document is prepared for general circulation. Any recommendation contained in this document does not have regard to the specific investment objectives, financial situation and the particular needs of any specific addressee. This document is for the information of addressees only and is not to be taken in substitution for the exercise of judgement by addressees, who should obtain separate independent legal or financial advice. The DBS Group accepts no liability whatsoever for any direct, indirect and/or consequential loss (including any claims for loss of profit) arising from any use of and/or reliance upon this document and/or further communication given in relation to this document. This document is not to be construed as an offer or a solicitation of an offer to buy or sell any securities. The DBS Group, along with its affiliates and/or persons associated with any of them may from time to time have interests in the securities mentioned in this document. The DBS Group may have positions in, and may effect transactions in securities mentioned herein and may also perform or seek to perform broking, investment banking and other banking services for these companies. Any valuations, opinions, estimates, forecasts, ratings or risk assessments herein constitutes a judgment as of the date of this report, and there can be no assurance that future results or events will be consistent with any such valuations, opinions, estimates, forecasts, ratings or risk assessments. The information in this document is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the company (or companies) referred to in this report. The valuations, opinions, estimates, forecasts, ratings or risk assessments described in this report were based upon a number of estimates and assumptions and are inherently subject to significant uncertainties and contingencies. It can be expected that one or more of the estimates on which the valuations, opinions, estimates, forecasts, ratings or risk assessments were based will not materialize or will vary significantly from actual results. Therefore, the inclusion of the valuations, opinions, estimates, forecasts, ratings or risk assessments described herein IS NOT TO BE RELIED UPON as a representation and/or warranty by the DBS Group (and/or any persons associated with the aforesaid entities), that: (a) such valuations, opinions, estimates, forecasts, ratings or risk assessments or their underlying assumptions will be achieved, and (b) there is any assurance that future results or events will be consistent with any such valuations, opinions, estimates, forecasts, ratings or risk assessments stated therein. Any assumptions made in this report that refers to commodities, are for the purposes of making forecasts for the company (or companies) mentioned herein. They are not to be construed as recommendations to trade in the physical commodity or in the futures contract relating to the commodity referred to in this report. DBS Vickers Securities (USA) Inc ("DBSVUSA")"), a U.S.-registered broker-dealer, does not have its own investment banking or research department, nor has it participated in any investment banking transaction as a manager or co-manager in the past twelve months. Any US persons wishing to obtain further information, including any clarification on disclosures in this disclaimer, or to effect a transaction in any security discussed in this document should contact DBSVUSA exclusively. RESTRICTIONS ON DISTRIBUTION General This report is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. Australia This report is not for distribution into Australia. Hong Kong This report is being distributed in Hong Kong by DBS Vickers (Hong Kong) Limited which is licensed and regulated by the Hong Kong Securities and Futures Commission. Indonesia This report is being distributed in Indonesia by PT DBS Vickers Securities Indonesia. Malaysia This report is distributed in Malaysia by HwangDBS Vickers Research Sdn Bhd ("HDBSVR"). Recipients of this report, received from HDBSVR are to contact Mr Wong Ming Tek, Head of Research, HDBSVR at 603-2711 2222 in respect of any matters arising from or in connection with this report. In addition to the General Disclosure/Disclaimer by DBS Bank Ltd, the preparer of this report found at the preceding page, recipients of this report are advised that HDBSVR, its holding company HwangDBS Investment Bank Berhad, their directors, employees and parties related or associated with any of them may have positions in, and may effect transactions in the securities mentioned herein and may also perform or seek to perform broking, investment banking/corporate advisory and other services for the subject companies. They may also have received compensation and/or seek to obtain compensation for broking, investment banking/corporate advisory and other services from the subject companies. Singapore This report is distributed in Singapore by DBS Bank Ltd (Company Regn. No. 196800306E), an Exempt Financial Adviser as defined in the Financial Advisers Act and regulated by the Monetary Authority of Singapore. DBS Bank Ltd may, distribute reports produced by its foreign DBS Vickers entities or affiliates pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, DBS Bank Ltd accepts legal responsibility for the contents of the report to such persons to the extent required by law. Singapore recipients should contact DBS Bank Ltd at +65-63987966 for matters arising from, or in connection with the report. Thailand This report is being distributed in Thailand by DBS Vickers Securities (Thailand) Co Ltd. Research reports distributed are only intended for institutional clients only and no other person may act upon it. United Kingdom This report is being distributed in the UK by DBS Vickers Securities (UK) Ltd, who is an authorised person in the meaning of the Financial Services and Markets Act and is regulated by The Financial Conduct Authority. Research distributed in the UK is intended only for institutional clients. Dubai This research report is being distributed in The Dubai International Financial Centre (“DIFC”) by DBS Bank Ltd., (DIFC Branch) having its office at PO Box 506538, 3rd Floor, Building 3, East Wing, Gate Precinct, Dubai International Financial Centre (DIFC), Dubai, United Arab Emirates. DBS Bank Ltd., (DIFC Branch) is regulated by The Dubai Financial Services Authority. This research report is intended only for professional clients (as defined in the DFSA rulebook) and no other person may act upon it. United States Neither this report nor any copy hereof may be taken or distributed into the United States or to any U.S. person except in compliance with any applicable U.S. laws and regulations. Other jurisdictions In any other jurisdictions, except if otherwise restricted by laws or regulations, this report is intended only for qualified, professional, institutional or sophisticated investors as defined in the laws and regulations of such jurisdictions. DBS Bank Ltd. 12 Marina Boulevard, Marina Bay Financial Centre Tower 3 Singapore 018982 Tel. 65-6878 8888 Company Regn. No. 196800306E