Deutsche Bank has urged investors to stay “cautious” as market expectation for a US interest rate hike this week continues to remain rife.
The US Federal Reserve’s FOMC meeting announcement slated for Thursday could potentially see a rate hike in more than five years.
“Given that significant volatility for all asset classes has occurred on multiple expectations of a rate hike previously, we urge investors to stay cautious,” Deutsche analyst Joe Liew and associate Joshua Lee write in a note dated September 14.
That said, Deutsche expects the interest rate hike could happen in October instead amid the volatility in China markets and slowing economic growth there as well as falling global commodity prices.
Meanwhile, Deutsche opines the strong mandate returned to the People’s Action Party (PAP) in Singapore should be “positive” on short term market sentiment.
It, however, reckons that there will not be major policy changes compared to previous strong PAP wins.
It says the land transport sector would remain a beneficiary of bus and potential rail reforms, while the property sector could benefit when cooling property cooling measures are removed.
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The US Federal Reserve’s FOMC meeting announcement slated for Thursday could potentially see a rate hike in more than five years.
“Given that significant volatility for all asset classes has occurred on multiple expectations of a rate hike previously, we urge investors to stay cautious,” Deutsche analyst Joe Liew and associate Joshua Lee write in a note dated September 14.
That said, Deutsche expects the interest rate hike could happen in October instead amid the volatility in China markets and slowing economic growth there as well as falling global commodity prices.
Meanwhile, Deutsche opines the strong mandate returned to the People’s Action Party (PAP) in Singapore should be “positive” on short term market sentiment.
It, however, reckons that there will not be major policy changes compared to previous strong PAP wins.
It says the land transport sector would remain a beneficiary of bus and potential rail reforms, while the property sector could benefit when cooling property cooling measures are removed.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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