Connect with us


More upside for equities, thanks to abundant liquidity, News and current affairs on companies and markets




SINGAPORE – The first quarter was one of the best in recent memory for the Singapore stock market.

Among the 18 largest global stock indices tracked by Bloomberg, the Straits Times Index (STI) was the second best performer, just behind the weighted Taiwan Stock Exchange index, which generated an 11.8% gain (in Singapore dollars).

The STI ended the January-March quarter with an 11.3% gain. But including dividends, the total return rose to 11.8%.

This is the strongest first quarter in STI since 2012.

As noted by Mr. Geoff Howie, a market strategist at the Singapore Stock Exchange, the main driver of STI performance has been the three banks, which together account for 40 percent of STI.

“The trio of DBS, OCBC and UOB continued to operate in tandem with its global peers, averaging 15.4% gains while receiving $ 1.02 billion in net institutional inflows in 1Q21,” a- he stressed.

The uptrend in STI followed the rally on Wall Street, with the Nasdaq, the Dow Jones Industrial Average and the S&P 500 index hitting new highs last week as administration Joe Biden proposed a funding bill. massive infrastructure of US $ 2 trillion (S $ 2.7 trillion).

Meanwhile, economic figures in the United States confirm that reflation and recovery are underway.

Figures released last Friday showed a better than expected 916,000 new jobs created in March – the most in seven months.

The growth of the manufacturing industry in the United States also advanced last month as the Institute of Supply Management announced last Thursday that its index of national industrial activity fell from 60.8 in February to 64.7 in March, the highest level since December 1983.

What next?

Global stocks have advanced nearly 80% since their low in March last year.

Mr. Hou Wey Fook, chief investment officer at DBS Bank, sees more benefits for stocks.

“The vaccine rollout will break the start-stop cycle of economic lockdowns and reopenings. Coupled with billions of dollars in fiscal stimulus around the world, we are now on track for corporate growth and profits to normalize.” , he noted in a last report. week.

But analysts are keeping an eye out for the potential return of inflation.

Nonetheless, the general view is that the markets are well supported by abundant liquidity, a noticeable recovery in the economy and businesses, and rising incomes.

“While it is undeniable that valuations are above historical averages, the abundance of zero-cost liquidity around the world will minimize an impending stock market crash,” Hou wrote.

Mr. Vasu Menon, executive director of investment strategy at OCBC Bank, agrees.

If US Federal Reserve policymakers remain dovish, long-term bond yields show signs of stability, and US and Chinese economic data released this week show further improvement, this should bode well for investors. global stock markets and could fuel further upside, he said.

“The cyclical stock or stock that will benefit from the growing attention given to the topic of reflation could benefit in the coming weeks and maybe even months as the economic recovery gains traction,” he said. -he adds.

However, that does not mean any intermittent pullback in the stock markets, he warned. “The occasional corrections are normal and healthy, even in a bull market. They allow markets that have been on a tear to catch their breath before resuming their uptrend.”

Looking ahead, markets will closely follow the minutes of the Fed’s March 16-17 policy meeting, which will be released on Wednesday.

This could further shed light on what policymakers have said about inflation and whether there is a debate on the Fed’s quantitative easing program.

Fed Chairman Jerome Powell is also taking part in an International Monetary Fund roundtable on Thursday. Markets will be on the lookout to see if he says anything new about the US economy and monetary policy.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]