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BoS: US dollar running out of steam?
After surging in the wake of the US elections, the US dollar appears to be “running out of steam”, says Bank of Singapore (BoS), which reiterated this view following dovish comments by the Fed. BoS...
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Deutsche Bank WM: European equities on the rise
The stronger macro environment and weak euro bodes well for further improvements in European corporate earnings, says Deutsche Bank Wealth Management. Due to better-than-expected macro data, European...
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AM Heat Map: Global distributors bet on short-term European yields, Asia...
Although fears of the ECB’s tapering of its asset purchase programme hit European fixed income appetite in late 2016, spiking inflation fuelled the prospects of an accompanying rate hike which has led...
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BoS: Rising inflation to herald global monetary policy tightening
The global economic recovery has progressed to the point where central banks are now trying to determine appropriate timeframes for scaling back on monetary policy support, according to Bank of...
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UBS: China is not driving global inflation
While the acceleration of China’s producer prices has raised concerns that China could add to global inflationary pressures, UBS argues that inflation is localised and not fuelled by China’s export...
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DBS: Failed US health bill launch challenges post-election rally
Trump’s recent failure to garner Congress support for his administration’s healthcare plan has not only blemished his young presidency but has raised doubts over his ability to push through other...
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Deutsche Bank WM: Still positive on Japanese equities despite range-bound...
While Asia ex-Japan equities continue to outperform global benchmarks due to a positive earnings outlook, stable commodity prices and export growth, the Japanese market is lagging. However, Deutsche...
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Credit Suisse: Asia has highest consumer confidence in EM
Consumer confidence across a core group of emerging markets has recovered in 2017, with Asia leading the pack and showing the highest level of optimism, according to the seventh annual Credit Suisse...
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UBP: Money market rates move higher as China relaxes controls
China’s decision to remove administrative controls on money market interest rates have pushed money market and repurchase rates higher, not lower, points out UBP in its latest investment note. China...
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Lombard Odier and UnionBank co-develop two funds for Philippines clients
Lombard Odier, which last year inked a partnership with UnionBank of the Philippines, will launch two risk-based funds aimed at the Filipino lender’s private banking clients. The two funds, one of...
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UBP: BoJ tapering not likely for now
Although markets are starting to consider the prospect of BoJ tapering, UBP notes that it may be too early for such measures, given sufficient supplies and the current macro environment, retaining its...
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US high yield bond outflows won’t deter Asian investors
US high yield bonds spreads experienced a setback in March as investors yanked billions of dollars out of the asset class. However, Asia’s private banks say that they do not foresee a similar...
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Bank of Singapore: Asset allocation in an expensive world
While Bank of Singapore agrees that market conditions have muted equity appetite, it still believes that solid underlying growth is supportive. The private bank retains a cautious asset allocation...
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Bank of Singapore: French election tail risk receding
Bank of Singapore, believing that a Le Pen victory and a Frexit scenario is a long shot, has shared its investment strategy for the European market with a focus on caution and re-balancing. Stay...
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AM Heat Map: Is the rotation occurring in Asia?
Asia may be unwilling to immediately fully rotate, despite positive fundamentals bolstering the attractiveness of equities, but this week’s Asset Management Heat Map indicates that a handful of...
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UBS WM: Positive news could not lift USD further
The USD has gotten ahead of itself and even positive news will not push the currency higher, says UBS Wealth Management. USD has fallen from earlier in month, with the DXY index drifting from 102.2 on...
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UBP more positive on Asian equities following cyclical upswings
Sustained positive surprises from North Asian data releases has led UBP to be positive on Japanese equities and upgrade its weighting on Asia ex-Japan equities to neutral, compared with benchmark...
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StanChart PB bullish on European equities
Standard Chartered Private Bank, which currently favours global equities over other asset classes, sees Europe as a preferred equity market given the region’s improving growth prospects. “We believe...
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DBS: Brace for sideways drift to lower equity prices
The small bounce in US equities last week “masks broader weakness in global equities”, according to an investment note from DBS, which urges investors to brace for more sideways drift to lower prices...
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GAM: Subordinated debt of robust EU firms looks attractive
Many Asian investors are becoming jittery about Europe and are shying away from the market, though Swiss asset manager GAM believes it is prime time to invest in the junior subordinated debts of...
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