Author: Investment Desk

January Monthly Commentary

January Monthly Commentary

Global equities started the year in the same bullish manner that drove markets to record highs at the end of 2020. European indices added another 2.0% throughout the first three weeks of the year, marginally outperforming the US, with financials and pharmaceuticals gaining as tech lagged. Investor sentiment continues to […]

December Monthly Commentary

December Monthly Commentary

Equity markets notched their best performance on record in November as investors cheered three, separate, COVID-19 vaccines which posted pleasing results in late-stage trials. Market participants were quick to price in a sharper economic recovery, with monetary and fiscal policy remaining ultra-easy and the vaccine providing hope for a quicker […]

Note from the CIO 10th November

Note from the CIO 10th November

US ELECTIONS WHAT HAS HAPPENED (IN CASE YOU HAVE BEEN LIVING UNDER A ROCK)? Joe Biden has won the US presidential election. The Senate will probably stay in Republican hands (all eyes are on Georgia for the results of the runoff in January). Biden had an ambitious agenda with regards […]

October Monthly Commentary

October Monthly Commentary

Risk assets ended October on the back foot, weighed down by news of renewed nationwide COVID-19 lockdowns across Europe and pre-US election jitters. Equity benchmarks in the developed world fell, led by weakness in Europe and the UK, however, emerging market stocks ended the month higher. US Treasuries and corporate […]

September Monthly Commentary

September Monthly Commentary

After five months of consecutive gains, the recovery in financial markets stalled in September. Initially profit taking in the technology sector led the market lower, but weakness spilled over across global risk markets as investors reflected on a list of growing concerns. The fiscal stimulus impasse in Washington, rising COVID-19 […]

Tree over spiral staircase at Fort Canning Park, Singapore

Q3 2020 Macro Outlook – Where Now For The Global Economy?

Financial markets have rallied since April, with investors growing more confident that economies will turn around quickly from the fallout caused by the pandemic. Their optimism has increased in recent weeks as various countries have started to ease lock-down restrictions and tentative signs of stabilisation have emerged. Daily activity trackers […]