Bank of Singapore

Heading into the final months of the year, investors find themselves in a unique predicament: Big levels have been breached: EURUSD is below parity, GBPUSD is below 1.10, USDJPY above 140 and USDCNY above 7 The USD is now at multi decade highs. Given the strength of the USD, some investors are eagerly anticipating the overvalued USD to turn lower. However, commodity and currency strategist, Sim Mo...

As we head towards the final months of the year, the market mood has turned sour. Central banks seek to quell inflation through interest rate and currency moves, but slowing growth is weighing on capital markets. The remarkable bear market rally which saw the S&P500 Index gain 17% in the two months to mid-August - has fizzled out with an 8% reversal from recent highs instead. Caution has come...

In this podcast episode, Sim Moh Siong , currency and commodity strategist at Bank of Singapore, explores the market outlook and shares his views on why he remains supportive of the US Dollar, despite a maturing outlook for further gains in the greenback, given a slowing US economy. For more of our latest market insights, visit:   https://www.bankofsingapore.com/insight-listing.html?

Last Friday, on 12 Aug, the US House of Representatives passed a package of laws that includes the country’s biggest ever spending plans focused on climate change. The Inflation Reduction Act , as it is known, includes some USD370 billion worth of climate related subsidies, tax credits and other incentives to expand renewable power and electrification, retrofit buildings to make them more energy e...

In this episode, Animoca Brands Co-founder and Executive Chairman, Yat Siu joins us in The Hot Seat to talk about the future of innovation, technology, Web3.0 and metaverse. The widespread adoption of digital technology started by the pandemic continues at speed today, where another phenomenon – the metaverse – is fast rewriting the rules of engagement with consumers. For entrepreneurs and technop...

Welcome to Bank of Singapore Infinxty , a series where we bring you exclusive insights from some of the world's most exciting entrepreneurs. In this episode, we catch up with Song-En Ho , the co-founder of WOLF Burgers . WOLF Burgers was started in 2016 with a goal of serving quality wholesome food at an affordable price for the larger community. Since then, WOLF Burgers has expanded to five outle...

Welcome to Bank of Singapore Infinxty, a series where we bring you exclusive insights from some of the world's most exciting entrepreneurs. In this episode, we catch up with Carol Chen , a designer, serial entrepreneur, and a true global citizen. Carol has been making waves in the fashion industry globally. She has built 5 companies across 4 countries and her designs have a cult following, worn by...

In Q2’22, the US economy unexpectedly contracted for a second quarter in a row. On a narrow measure of the economy, America has thus suffered a ‘technical’ recession in the first half of the year. However, will this streak likely continue, and what is the growth outlook expectation for the US economy? Tune in to our latest podcast with chief economist, Mansoor Mohi-uddin , to find out more. For mo...

The world to come is one of change, and it pays to keep watch on the megatrends that have the power to reshape our world. Hear from value-investing icon Jeremy Grantham as he expounds the dangers of the climate crisis, mounting investment bubbles and the long-term structural changes in the markets investors need to prepare for. Speakers: Jeremy Grantham, Long term investment strategist & Co-Fo...

Technology and data-driven solutions can power a new way of life by improving connectivity, safety and revolutionising urbanisation. How can investors and business owners harness technology to thrive in this new world? Speakers : Sean Connor, President, Blue Owl Securities and Managing Director, Blue Owl Capital Goh Chee Kiong, Chief Executive, Charge+ Kelvin Tay, Managing Director of Future Mobil...

Global food prices are rising rapidly, driven by a mix of lingering supply-side bottlenecks from Covid-19, the Russia-Ukraine war and unfavourable weather conditions. Food security has now become a key concern for consumers and governments - how prepared are we for this brewing storm? Speakers: Agne Rackauskaite, Co-Portfolio Manager, Impax Asset Management (an Affiliate of BNP Paribas Asset Manag...

The only certainty about the markets recently is volatility. Given the macro environment and geopolitical factors at play, how should investors recalibrate their investment approach and risk appetite? Have markets fully reflected the impact of higher rates and if not, how should investors gear up for the prospect of greater uncertainty ahead? Speakers: Jean Chia , Chief Investment Officer, Bank of...

Inflation is called the bondholder’s worst enemy, and for good reason, as it has a pernicious impact on fixed income investments. We recently had a headline inflation number of 8.6%, the highest since 1981, and coincidentally, one of the worst 1H for fixed income investments in modern memory, with USD credit portfolios down in double digits, and some down as much as 15 -18%. Given these moves, the...

This month the Fed raised its fed funds rate by 75bps to 1.50-1.75% to curb soaring inflation in the US. This was the Fed’s first 75bps rate increase since 1994. We think the current Fed tightening cycle is likely to be very similar to 1994’s aggressive cycle. In 1994, the Fed raised interest rates at every meeting of the year by 50bps and finished the year by increasing the fed funds rate by 75bp...

The current debate between the bulls and the bears rages on – the bulls believe that we should not waste a good market correction, while the bears believe the worst is still not over and we will be seeing more downside… What is clear is that with this tussle, volatility will remain in the near to medium term, largely due to heightened inflation risks and a more challenging operating environment. I...

Global equity markets, especially the US, experienced another wild ride last week. The earnings growth in the US, is visibly turning downwards and investors are increasingly less confident about the ability of the Fed to engineer a soft landing of the economy. Inflation and supply chains remain increasingly concerning, as well as the impact of China’s ongoing Covid-19 restrictions, and the potenti...

What started off as a small ripple, is now turning into a bigger wave of USD rally, and the two key drivers behind the rise of the King Dollar, are a hawkish Fed, and slowing growth outside the US. In this podcast episode, Sim Moh Siong , currency and commodity strategist at Bank of Singapore, explores the key considerations which investors should pay attention to over the coming weeks. Tune in to...

As the war in Ukraine enters its third month, there is still little visibility on a resolution to the conflict in the near term and disruptions to the supply of energy and other commodities are fuelling widespread price increases that threaten to hurt global demand. Investors remain concerned about the rising risk of a stagflationary path ahead for the world economy, marked by slow growth and high...

The Russia-Ukraine war and its spill over effects on energy and commodity prices continue to dominate market sentiment, furthermore, recent events have brought about the re-emergence of commodities that historically haven't been part of the energy transition conversation, specifically natural gas and nuclear. What are the foreseeable opportunities and threats for the energy sector moving forward?...

Investing in a rising rate environment is going to require a new paradigm and a new perspective.  Join our fixed income research advisers as they discuss the near-term outlook and strategies on how to position for rising rates and inflation. The team also explores investor opportunities amidst the current market environments, particularly in emerging market sovereigns and the EM corporate uni...

Russia’s invasion of Ukraine, like the pandemic, has caused a major shock for financial markets. Oil, gas and food prices have soared, and growth is weakening in energy-importing countries. Central banks face difficult trade-offs between curbing inflation and supporting economies. Officials urgently seek alternative energy supplies, and geopolitical risks have surged as western nations threaten to...

The Russia-Ukraine war, which has entered its next phase, has been met with wide-ranging sanctions on Russia, and these in turn have had downstream implications on energy supply, inflation expectations, interest rates and bond yields. Caught in the crosshairs of this conflict is the global economy, as policy makers face the twin dilemma of combating inflationary forces with monetary tightening mea...

As the war in Ukraine enters its second month, there is still little visibility on a resolution to the conflict in the near term. The war has injected significant uncertainty into an already difficult macro environment marked by high inflation in major economies and slowing growth. In today’s podcast, we hear from Conrad Tan , our investment strategist at Bank of Singapore,   as he shares the...

Our fixed income research strategist, Boh Hui Ling , shares the outlook for the property sector in Indonesia. In spite of emerging challenges with higher mortgage rates and construction costs, there are still silver linings for investors, and we expect the Indonesia property sector to be supported in the near term. Tune in to find out more. For more of our latest market insights, visit:   htt...

Our commodity and currency strategist, Sim Moh Siong , looks at the Russia-Ukraine crisis and how their conflict will impact the global economy and financial markets. Energy prices moved higher over the past week as the invasion has increased the risk of a disruption to Russian energy exports. Over the weekend, the US and its allies also announced that they will place sanctions on the Russian cent...