global economic growth

Asian stocks to continue providing good value in tough year ahead: T Rowe Price

SINGAPORE (Nov 22): Global growth is expected to moderate as stimulus tailwinds weaken and output gaps close but tactical opportunities can still be identified in unfavoured assets and emerging markets, says T Rowe Price Group Inc in its outlook for 2019.

The global investment manager with US$1.01 trillion ($1.4 trillion) in assets under management expects global growth to slow a bit in 2019, although fiscal stimulus will still provide a tailwind.

US-China trade war winner to emerge as early as 2020, negative effects to dominate for now: The EIU

SINGAPORE (Nov 1): Supply chain shifts in Asia resulting from the growing US-China trade conflict could stand to benefit a number of countries in the region, suggests a new report from The Economist Intelligence Unit (The EIU).

Growing talent mismatch & productivity issues taking a toll on global labour market: Hays

SINGAPORE (Sept 25): The global labour market is coming under increasing pressure even with expectations of economic growth to maintain its momentum over the next 12 months, finds the latest and seventh edition of the Hays Global Skills Index.

Based on this year’s report, Investing in the Skills of Tomorrow; Avoiding a Spiralling Skills Crisis, which is published by Hays in collaboration with Oxford Economics, the Overall Index score has increased slightly to 5.4 from 5.3 a year ago to suggest that the global labour market has come under greater strain in the last year.

Singapore added to Credit Suisse's preferred markets as 'the place to be' for equity investors

SINGAPORE (July 10): Credit Suisse says the Singapore market is the “place to be” for investors given it is trading at favourable valuations, offers a blend of cyclical exposure and is a beneficiary of higher interest rates.

At present, the Singapore market has a 12-month forward P/E ratio of 12.4 times which is below the 10-year average of 13.3 times, thanks to the recent pullback.

“Rising interest rates and higher oil prices are driving a rebound in earnings growth (15% in 2018),” notes Credit Suisse in a media statement on Monday.

Global economic growth is expected to rise, but it might not bode well for investors

SINGAPORE (Apr 4): Schroders is raising its global growth forecasts for the next two years on the back of buoyant economic activity, but warns of uncertainty for investors amid a corresponding rise in interest rates.

“Donald Trump’s plan to boost the US government’s spending by $300 billion has added fuel to a US and global economy already firing on all cylinders,” says Keith Wade, Schroders’ chief economist and strategist in an April note.

However, Wade believes global economic growth will be spurred by more than just the US’s spending plans.

Two oil & gas players to 'buy' as Brent crude oil uptrend remains intact

SINGAPORE (Jan 23): DBS Vickers Securities is maintaining its “overweight” stance on the oil and gas (O&G) sector given the recent oil price rally, which has driven up O&G stocks to directly benefit oil majors leading the rally.

In a Tuesday report, lead analyst Suvro Sarkar says the average Brent crude oil price for 2018 could end closer to the higher range of US$60-65 per barrel (/bbl) as forecasted by DBS – a healthy 15-20% improvement over the 2017 average of US$55/bbl.

CEOs optimistic on global economic outlook for 2018, but threats to growth remain

SINGAPORE (Jan 23): A record-breaking 57% of chief executive officers (CEOs) believe global economic growth will improve in the next 12 months, according to the latest data from PricewaterhouseCoopers’ 21st survey of almost 1,300 CEOs around the world.

In a media release on Tuesday, the professional services firm highlights that the latest figure is almost double that of last year (29%), and the largest-ever increase since PwC began surveying business leaders about global growth in 2012.

This US$4 bil manager is preparing for an inflation surprise

OSLO (Jan 22): Inflation is what could jolt the markets this year.

At least that’s what the tactical asset allocation team at DNB Asset Management is preparing for.

“Inflation surprising on the upside is the biggest risk,” Torje Gundersen, portfolio manager, said in an interview in Oslo on Thursday. “2018 can be the year when stronger inflation surprises a lot of investors.”

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