global markets

Bank of Singapore analysts Eli Lee and Conrad Tan believe the halt in the US stock rally on Friday could be part of a bigger pullback.

As a sense of euphoria sweeps through global equity markets propelling stocks to regain $21 trillion (S$29.18 trillion) in value from a March low, the asset class is looking increasingly frothy.

Asia’s stabilizing financial markets are allowing the region’s central banks to exhale as currencies find their feet and investor money returns.

The torrid rally in U.S. stocks pushed the S&P 500 into the green for the year as easing lockdowns bolstered economic optimism. The dollar fell. A jump to a 15-week high on Monday extended the benchmark’s surge from its March low to almost 45%.

Market pricing now implies a high degree of confidence that recession-like conditions will result across most major economies, but uncertainty remains over their depth and duration.

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SINGAPORE (Feb 1): Indonesia wants to re-position its Batam island as an alternative shipping and manufacturing hub to Singapore with a potential to draw US$60 billion ($80.8 billion) in new investment.

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SINGAPORE (Feb 7): Don't panic, markets are simply showing signs of normalcy with more volatility and higher yields despite ongoing bouts of risk aversion, says DBS.

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