Why the US trade war has become a never-ending game of whack-a-mole
Global markets may have heaved a sigh of relief after this weekend’s G-20 meeting in Japan, but the trade-war hostilities likely won’t end anytime soon.
Economy and Trade
Maybank KE: Singapore banks may benefit from trade war fallout
Singapore banks are seeing rising credit demand from trade-related sectors, suggesting Southeast Asia is benefiting from the trade war, Maybank KE said Monday.
Wilmar started at Buy by Maybank KE as a shelter against US trade war
“Fighting won’t stop you from eating,” the brokerage said in a note Friday.
DBS: This is who will benefit from new digital banking licences
Small-to-medium sized enterprises (SMEs) are likely to benefit from Singapore’s move to allow digital banks into the market, DBS said in a note Monday.
Singapore central bank to issue up to five new digital bank licences
The Monetary Authority of Singapore said Friday it would issue up to five new digital bank licences, opening the banking sector to non-bank players.
Citi: For the trade war and equities, it’s not the economy. It’s the earnings
Investors should be watching the earnings impact of the trade war, Steven Wieting, chief investment strategist at Citi Private Bank, said Tuesday.
Huawei director says business not impacted by geopolitical events
Huawei may be under fire from U.S. trade restrictions, but so far, Konesh Kochhal, a director at the company, said the carrier business wasn’t affected.
Singapore stocks to watch Wednesday: Fund manager survey, Sembcorp, SGX, CapitaLand, Hyflux
These are Singapore companies which may be in focus Wednesday, 19 June 2019: BofA-ML fund manager survey, Sembcorp Industries, SGX, CapitaLand and Hyflux.
Fund managers turn most bearish since financial crisis, June BofA-ML survey finds
Global fund managers are at their most pessimistic since the Global Financial Crisis amid trade war concerns, the BofA-ML survey for June found.
CRCT expects to tack through trade war impact to its China malls
U.S.-China trade tensions may be knocking market sentiment, but despite the risks, CapitaLand Retail China Trust has added to its China mall portfolio.
UPDATE: Singapore stocks to watch Tuesday: SGX, Kingsmen Creatives, Ascendas REIT, Accordia Golf
These are Singapore companies which may be in focus on Tuesday, 11 June 2019: CapitaLand, CRCT, SGX, Kingsmen Creatives, Ascendas REIT and Accordia Golf.
Singapore Exchange: US-China trade war spurred surge in May derivatives trading
The U.S.-China trade war spurred a surge in derivatives trading in May, with total derivatives traded volume jumping 46 percent on-year, SGX said Monday.
Singapore Trade Minister Chan: US-China trade tensions likely to linger
Singapore isn’t expecting the trade tensions between the U.S. and China to be resolved anytime soon.
India’s economic adviser pushes shift to export-led growth
India’s newly re-elected Prime Minister Modi has plans to boost private-sector exports, eschewing the country’s traditional focus on domestic consumption.
Singapore stocks to watch Thursday: UOL, PSA, Yongnam, Sabana REIT, Stamford Land
These are Singapore companies which may be in focus on Thursday, 23 May 2019: UOL, PSA, Yongnam, Sabana REIT and Stamford Land.
CGS-CIMB downgrades Singapore banks on ‘harder days ahead’
CGS-CIMB downgraded Singapore’s bank sector to Neutral from Overweight, on expectations of “harder days ahead” for UOB, OCBC and DBS.
Singapore MTI lowers economic growth forecast for 2019
Singapore’s MTI lowered its economic growth forecast for the city-state to 1.5 percent to 2.5 percent for 2019, from 1.5 percent to 3.5 percent previously.
Singapore April NODX drops 10 percent in broad-based decline
Singapore’s April NODX dropped 10.1% on-year on a high base a year earlier, with declines in both electronic and non-electronic exports, data showed Friday.
This China sector is benefitting from the US trade war
The U.S. trade war with China may have dented a broad swathe of sectors, but it’s given China’s property market a big fillip.
UPDATE: Singapore stocks to watch Thursday: UOB, Singapore Airlines, OCBC, Hyflux, UOL, Ezion
These are Singapore companies which may be in focus on Thursday, 16 May 2019: UOB, Singapore Airlines, OCBC, Hyflux, UOL and Ezion.
UOB expects to benefit from the US trade war with China
UOB expects to benefit from U.S.-Sino trade tensions, with companies set to diversify their supply chains into Southeast Asia, the bank said Wednesday.
BofA-ML: Fund managers well-hedged amid trade war fears
More than a third of fund managers have taken out hedges to protect against a sharp market fall over the next three months, the May BofA-ML fund manager survey found.
UPDATE: Singapore stocks to watch Friday: OCBC, Genting Singapore, SGX, SATS, OUE C-REIT
These are Singapore companies which may be in focus Friday, 10 May 2019: Genting Singapore, SGX, SATS, OUE Commercial REIT and Ascendas Hospitality Trust.
SATS and PSA set deal to establish sea-air cargo connectivity
Port operator PSA and SATS said Thursday they signed a deal Thursday to provide cargo owners and logistics service providers sea-air connectivity.
DBS CEO Gupta: This is the major risk for the bank
DBS CEO Piyush Gupta said Monday the major risk for the bank would be a “steep collapse” in interest rates.
UOB, SGX, CCOIC enter deal to help Chinese companies expand in Southeast Asia
UOB, SGX and the China Chamber of International Commerce said Sunday they signed a deal to help Chinese firms use Singapore as a base for expanding into Southeast Asia.
Insider Stories: Morgan Stanley says Indonesia to continue reforms after Widodo win
Morgan Stanley said the quick election victory of Indonesia’s incumbent President Widodo set the stage for the continuation of structural reform policies.
BofA-ML April survey: Fund managers add equity allocations as economic view turns less bearish
Global fund managers turned slightly less bearish in their economic outlook, spurring additions to their equity allocations, BofA-ML’s April survey found.
Singapore central bank keeps policy unchanged amid a lower inflation forecast
The Monetary Authority of Singapore, kept policy unchanged Friday and lowered its inflation forecast, pointing to slowing economic growth in the city-state.
Singapore preliminary 1Q19 economic growth slows to 1.3 percent amid holiday period
Singapore’s 1Q19 GDP growth slowed to 1.3% on-year, from 1.9% in 4Q18, off a high base of 4.7% growth in 1Q18, according to preliminary data Friday.
Do markets really need a US-China trade deal before they can rally? Analysts differ
Analysts differ on whether markets need to see a full-enchilada trade deal between the U.S. and China to prevent a repeat of the fourth quarter’s selloff.
DBS: Time to add more gold to portfolios
Markets may have recovered from their fourth quarter ructions, but DBS is advising adding more gold to portfolios to stave off the effects of continued volatility.
UPDATE: Singapore stocks to watch Monday: Swiber, SIA Engineering, SIA, Hyflux, CapitaLand
These are Singapore companies which may be in focus on Monday, 1 April 2019: Swiber, SIA Engineering, Hyflux, Singapore Airlines and CapitaLand.
Fed’s Rosengren: Inverted yield curve is different this time
The yield curve inversion in the U.S. may have set off a fresh round of market jitters, but Eric Rosengren, president of the U.S. Federal Reserve Bank of Boston, said on Tuesday that it’s no longer a reliable recession signal.
UPDATE: Evans and Yellen agree, inverted yield curve is a damp squib
The inversion of the U.S. yield curve may have convinced many market participants that the sky is falling, or at least, a recession is looming, but at least two central bankers are unimpressed.
Yellen: This is the root cause of disruptions facing central bankers
The disruptions and uncertainty central bankers have been dealing with over the past few years have one root cause, said Yellen on Monday.
Yellen: Central bankers don’t have enough bullets in their policy guns
Former Federal Reserve chief Janet Yellen said on Monday that global central banks don’t have enough bullets in their policy guns to deal with a crisis.
PSA, PFR and IFM to jointly buy Poland’s largest container terminal
PSA International, the Polish Development Fund and IFM Global Infrastructure Fund have tied up to acquire Poland’s largest container terminal.
Fund managers get more skittish of stocks in March, BofA-ML survey finds
Global fund managers turned even more skittish on equities in March, but were a bit less bearish on the economy, a Bank of America-ML survey showed.
Singapore February NODX up 4.9 percent as non-electronics exports grow
Singapore’s February NODX rose 4.9%, swinging from January’s 10.1% fall, on a pickup in non-electronics exports, according Enterprise Singapore data Monday.