Insights and Analysis

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Europe / Rates

The European Central Bank is not ready to hike rates

May 23, 2017
The European Central Bank is not ready to hike rates

The ECB is unlikely to tighten monetary policy quickly; inflation – as well as memories of premature hikes in 2008 and 2011 – will stay their hand.

China / GDP

A reality check for China

May 16, 2017
A reality check for China

While China’s economy is not about to fall off a cliff, measures such as income growth per capita and industrial production are slowing – a result of deleveraging. Careful management of the deleverag...

India / Rates

Is a rate cut in the offing?

May 16, 2017
Is a rate cut in the offing?

The recent path that inflation is taking is at odds with the Reserve Bank of India’s cautious policy stance.

Hong Kong / Real Estate

No substantial impact likely from tighter lending rules

May 22, 2017
No substantial impact likely from tighter lending rules

With solid demand from local end-users, any near-term impact of tightened lending rules on the market should not be substantial. We do not expect any meaningful market correction in the coming few mo...

Hong Kong / Real Estate

The sky’s the limit for Central real estate

May 17, 2017
The sky’s the limit for Central real estate

Henderson Land’s winning bid for the Murray Road site is the most expensive land deal ever in Hong Kong; the strong result reflects the market's optimism over the long-term outlook of Central’s offic...

China / Health Care

China Pharma: Inflexion Point Emerging

May 16, 2017
China Pharma: Inflexion Point Emerging

While China’s pharmaceutical industry has slowed, there is still significant opportunities to be found in the sector, especially as recent regulatory developments provide a fillip to sales. We take a...

Global / Equities

Weekly Global ETF Commentary

May 22, 2017
Weekly Global ETF Commentary

Our weekly analysis of exchange-traded funds and flows around the globe to aid investors in making informed decisions. Follow us as we follow the money.

Global / Equities

International markets preferred by investors

May 11, 2017
International markets preferred by investors

Despite jitters over oil, China, and Trump, global equities made gains in April. In the ETF space, international fixed income showed the largest percentage increase, thanks to cheaper valuations.

Global / Equities

Weekly Global ETF Commentary

May 08, 2017
Weekly Global ETF Commentary

Our weekly analysis of exchange-traded funds and flows around the globe to aid investors in making informed decisions. Follow us as we follow the money.

Economics Daily

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Taiwan / GDP

April industrial production numbers will pull down 2Q17 gro...

May 24, 2017
April industrial production numbers will pull down 2Q17 growth

Taiwan’s weak April output data will see 2Q17 GDP growth come in below expectations, but it is too early to say that the output cycle has turned downward.

Thailand / Rates

Thailand government bond curve has maintained its steepness

May 24, 2017
Thailand government bond curve has maintained its steepness

The two-year/10-year segment of the Thailand government curve has been relatively steep since November 2016, despite 10-year US Treasury yields drifting lower by some 30 to 40 basis points.

India / GDP

Improved FDI will shield India’s domestic markets

May 24, 2017
Improved FDI will shield India’s domestic markets

Foreign direct investment into India touched a record high US$60b in FY16/17. An increase in such inflows will shield the domestic markets from external uncertainties.

Global / Currencies

FOMC minutes may level playing field between the USD and th...

May 24, 2017
FOMC minutes may level playing field between the USD and the EUR

It remains to be seen if the ECB meeting on 8 June will shift the economic risks to “balanced” from “tilted to the downside”. Compared to the Federal Reserve, the ECB is not yet committed to moving t...

Europe / GDP

As investment growth picks up, Eurozone recovery is likely ...

May 23, 2017
As investment growth picks up, Eurozone recovery is likely to strengthen further

Investments have been slow to catch up to the recovery in household spending but the environment has recently become more conducive for a turnaround.

Europe / Currencies

EUR/GBP firm ahead of 8 June

May 23, 2017
EUR/GBP firm ahead of 8 June

The EUR/GBP has been firm on expectations for more clues from the ECB on its exit strategy amid new concerns the UK Conservative Party may secure an uninspiring mandate at the elections.

Market Movers

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Developed Markets / Equities

US stocks push toward all-time highs

May 24, 2017
US stocks push toward all-time highs

Bank shares lead advances amid gains in 10-year Treasury note

Global / Currencies

The dollar climbs

May 24, 2017
The dollar climbs

Investors await fresh drivers ahead of FOMC meeting

Asia / Equities

Asian equities extend gains

May 24, 2017
Asian equities extend gains

But China ends mixed as concerns over tightening policies linger

Global / Insights

Be Alert, Not Alarmed over Geopolitical Risks

April 17, 2017
Be Alert, Not Alarmed over Geopolitical Risks

Risk asset markets could remain weak this week as the US and North Korea continue to play a game of “chicken”

Global / Insights

This Time, Geopolitics Matter to Markets

April 10, 2017
This Time, Geopolitics Matter to Markets

Any escalation of US-Russia tensions will likely give equities markets the "new driver" they were looking for - to trade lower

Global / Insights

Trump's Popularity Slumps, Stocks Drift

April 03, 2017
Trump's Popularity Slumps, Stocks Drift

Brace for more sideways drift to lower asset prices in coming weeks

Global / Equities

The markets needed a correction; they will get it

May 19, 2017
The markets needed a correction; they will get it

After all, this is a market priced for perfection – not a loose cannon President, say DBS Chief Investment Officer Lim Say Boon and Strategist Jason Low

Global / Equities

Have global equities hit stall speed?

May 12, 2017
Have global equities hit stall speed?

DBS Chief Investment Officer Lim Say Boon thinks global equitiesmay be about to fall out of their trading ranges.

Global / Equities

The NEXT 100 days of the Donald, Part 2

May 08, 2017
The NEXT 100 days of the Donald, Part 2

DBS Chief Investment Officer Lim Say Boon discusses how global equities will fare outside the US

Featured Publications

Global / GDP

Q2: Lemmings, the Euro and the Sea

March 09, 2017
Q2: Lemmings, the Euro and the Sea

Everyone is betting on a stronger US dollar this year, largely on expectations of rate hikes by the Federal Reserve. But the Europe and the euro could have a bigger impact on global markets than anyt...

Global / Telecommunications

The Push for 5G: Shaking Up the Landscape

January 27, 2017
The Push for 5G: Shaking Up the Landscape

Rapidly growing data consumption is driving the push for 5G. The high costs associated with building the network could bring about a paradigm shift in telcos’ business models and financial returns.

China / Consumer Services

China Online Groceries: The Fast Lane

January 19, 2017
China Online Groceries: The Fast Lane

E-grocery has lagged the robust online sales growth seen by the non-food segments in recent years. But this is set to change as we see China’s e-grocery sales doubling in two years.