Market expectations for rate changes have shifted to “−41 basis points in the US, +32 basis points in the EU and +3 basis points in the UK; compared with −60 basis points, −7 basis points, and −44 basis points a month earlier”, according to the report.
Singapore’s REITs (S-REITs) are entering a more cautious phase, as macro uncertainties prompt a shift in investor focus from growth to resilience, according to a March 11 report by HSBC Global Research.
Analysts led by Asean property and Asean equity research head Joy Wang caution that disruptions in global energy markets could heighten inflation risks, raise operating costs and increase volatility in interest rates and forex (FX).
