As the Straits Times Index (STI) turned in a “respectable performance” in the 1Q2021, PhillipCapital’s head of research Paul Chew writes that he remains positive on equity markets, in an April 1 report.

This comes on the back of a pick-up in global economic momentum, as well as signs of reflation around the world, notably in commodity and housing prices.

Global Purchasing Managers’ Index (PMI) is above pre-pandemic levels.

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