Singapore Pre-Market Wednesday: Noble, Mapletree Commercial, Frasers Centrepoint
Singapore shares may open on the back foot on Wednesday after Wall Street suffered a selloff overnight, hit by a combination of rising bond yields…
Bonds and credit
SocGen: This will be key to how the US dollar performs ahead
How the dollar performs ahead will probably depend on how markets react to the U.S. 10-year Treasury yield potentially breaking above 3 percent, Kit Juckes,…
Nomura sticks with Buy on Tesla, saying concerns ‘overblown’ and without merit
Nomura said it was sticking with its Buy call on Tesla, saying the selloff was based on concerns that were “largely without merit.” The stock…
Societe Generale’s perma-bear Albert Edwards: Bursting credit bubble to spur US recession soon
A U.S. recession is on the cards soon as a credit bubble is bursting, Societe Generale strategist and perma-bear Albert Edwards said in a colorfully…
UOB: Buy the Australian dollar at the bottom for recovery later this year
Accumulate the Australian dollar at the lower end of its likely US$0.77 to US$0.79 trading range, with the currency set to strengthen ahead, UOB said…
Nomura: Singapore is vulnerable to a US-China trade war
Singapore’s economy is “ultra-open and highly leveraged,” and that makes it susceptible to rising trade protectionism and tighter financial conditions as global interest rates rise,…
DBS: Trade tensions are dominating currency and bond markets
Most of Asia’s currencies lost ground this week, stuck between the rock of U.S.-led increases in global trade tensions and the hard place of a…
Fresh blows for Noble Group as it defaults on debt payments
It’s been a tough week for Noble Group. The beleaguered commodities trader had been grappling with repeated blows for the past three years, after Iceberg…
Japanese yen forecasts raised sharply by Nomura on trade war fears
Nomura has taken a 180-degree turn on the yen, from expecting weakness amid rising U.S. interest rates to now forecasting the Japanese currency will strengthen….
After Trump’s protectionist bombshell, investors head for safe havens, mostly
After U.S. President Trump launched a bombshell of plans for protectionist tariffs on aluminium and steel imports, markets headed to the safe havens. Or at…
Japan’s yen is a ‘superstar’ currency, on track to climb in March: IG
The yen has climbed steadily against the U.S. dollar since the start of the year, and Chris Weston, chief market strategist at IG, said it’s…
Why is the dollar weak despite higher US interest rates? Nomura examines the paradox
A weaker dollar, a stronger yen and higher U.S. interest rates. Why they’re happening at the same time is a puzzle. Nomura pointed to three…