optimism

Singapore's millennials are quickly losing faith in the world around them, suggests Deloitte survey

SINGAPORE (May 21): Be it their general world views or personal career situations, Singapore’s millennials are becoming increasingly jaded when compared to a year ago as well as to their global peers.

This is according to Deloitte’s Global Millennial Survey results for 2019, which is based on the views of 13,416 millennials across 42 countries.  

Out of the 200 respondents surveyed in Singapore, just 16% said they believe their country’s economic outlook will improve over the next 12 months – versus 56% a year ago and the global 2019 average of 26%.

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.

Why weak 1Q economic data does not forebode a declining US economy

SINGAPORE (April 27): Even with the improvement of US household and business confidence, as indicated by the rebound in consumption-related soft data since the US presidential elections, ABN AMRO Group Economics is mindful that hard data has yet to catch up to reflect this optimism.

In a financial markets research report issued on Wednesday, senior economist Maritza Cabezas highlights that a widening gap between soft data (surveys) and hard data, such as retail spending figures, that is characteristic of Donald Trump’s first 100 days in office.

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