Longer term outlook for global stocks remains positive, says Bank of Singapore

SINGAPORE (Feb 6): The longer term outlook for global stocks remains positive as it is firmly supported by broad-based growth momentum across key economies, says Bank of Singapore.

And as long as growth momentum stays positive, gradual hikes in rates towards more neutral levels are unlikely to derail the positive stance for equities. Further support could also come from US tax cuts, adds the bank.

The selldown of global equities which began last Friday, extended their losses on Monday and Tuesday. In the overnight session, the US markets suffered their worst single-day correction since 2011, wiping out year-to-date gains.

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