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June Fed recap: Warsh opens with a rate-hold and a new Fed playbook Macro Research

June Fed recap: Warsh opens with a rate-hold and a new Fed playbook

The Fed held rates steady again, but the bigger story was the change in leadership, communication style and policy framework. Read on for our recap of the recent June Fed meeting.

By Cyrus Ng, CFA, CAIA | 3 Days Ago |2713 Views
Fixed IncomeGeneralUSDFedBondsRatesFederal ReserveInterest RatesShort DurationMoney Market
Singapore's May NODX surges to 22-year high: AI integration runs deep, positive view maintained Macro Research

Singapore's May NODX surges to 22-year high: AI integration runs deep, positive view maintained

Singapore's May NODX surged 38.4% year on year, marking its fastest growth in more than two decades. More importantly, the composition of exports highlights Singapore's deepening role in the global AI semiconductor supply chain, supporting the view that the current export upswing is driven by structural rather than cyclical factors.

By Adeline Gao Yuanhui | 3 Days Ago |179 Views
SGXEquityGeneralMacroeconomicsSingaporeSemiconductorsExportElectronic NODXSingapore Equities#2026
US 1Q26 earnings review: Strong earnings growth but selectivity still matters Macro Research

US 1Q26 earnings review: Strong earnings growth but selectivity still matters

In this article, we analyse the US 1Q26 earnings results and key sectoral drivers, and outline how investors should position for the US market going forward.

By Joel Phua | 3 Days Ago |152 Views
USEquityConsumer DiscretionaryDigital EconomyEarnings
Bank of Japan hikes as expected: What comes after 1.0%? Macro Research

Bank of Japan hikes as expected: What comes after 1.0%?

BOJ raised its policy rate to 1.0%, marking another milestone in its gradual policy normalisation. While the move reflects growing confidence that Japan’s reflation process is becoming more durable, policymakers remain cautious about elevated energy prices and geopolitical uncertainty.

By iFAST Research Team | 4 Days Ago |167 Views
EquityGeneralJapanese YenRate HikeLSE#Japan
The Iran deal is done, but oil isn't going back to USD 65. Here’s why. Macro Research

The Iran deal is done, but oil isn't going back to USD 65. Here’s why.

Markets celebrated the US-Iran ceasefire with a surge in Asian equities and a sharp drop in oil — but the physical supply picture hasn't changed. A deal will not bring oil back to USD 65.

By You Weiren, CFA | 15 Jun 2026 |611 Views
SGXUSNYSEOilTaiwanHKEXChinaEquityGeneralNASDAQEnergySingaporeJapanDefenceDigital EconomyAsia SemiconductorLSESemiconductorInternetSouth KoreaAsia Ex-JapanQualityMiddle EastIran
Still expanding: What Singapore's ten-month PMI streak says about the road ahead Macro Research

Still expanding: What Singapore's ten-month PMI streak says about the road ahead

As global uncertainty deepens, Singapore's manufacturing sector is accelerating rather than retreating — and with safe-haven capital flows reinforcing the factory-floor data, the case for Singapore as the region's most resilient equity market is growing stronger.

By Adeline Gao Yuanhui | 15 Jun 2026 |196 Views
SGXSingapore OutlookEquityGeneralExportManufacturingSingapore Equities#2026
Prospect of further ECB rate hikes reinforces our downgrade of European equities Macro Research

Prospect of further ECB rate hikes reinforces our downgrade of European equities

Synopsis: The ECB’s first rate hike since 2023 reinforces our Unattractive view on European equities, as renewed inflation pressure is forcing tighter policy just as growth weakens, although selective opportunities remain in European defence and power infrastructure.

By Laven Cao, CFA | 12 Jun 2026 |181 Views
EquityEuropeLSE
The three pillars behind China's export boom: AI, EVs and rare earths Macro Research

The three pillars behind China's export boom: AI, EVs and rare earths

China’s exports surged to a record high in May 2026, driven by strong global demand for AI technologies, electric vehicles, and rare earth materials, underscoring its shift from low-cost manufacturing to high-value strategic exports.

By Hu You | 12 Jun 2026 |1865 Views
HKEXChinaEquityGeneralEVExportRare earthAI
Europe downgraded to unattractive: The energy shock is not over, and earnings are likely to show it Macro Research

Europe downgraded to unattractive: The energy shock is not over, and earnings are likely to show it

Synopsis: We downgrade European equities to Unattractive - 2.0 Stars as higher-for-longer energy prices raise stagflation and earnings risks, while Europe’s remaining opportunities are increasingly concentrated in selective themes such as defence, power infrastructure and electrification.

By Laven Cao, CFA | 12 Jun 2026 |1975 Views
NYSEFSM SpotlightEquityGeneralNASDAQEuropeLSERating ChangeNewsworthy
The Asia bull stumbles – but we believe it’s a reset, not a regime change Macro Research

The Asia bull stumbles – but we believe it’s a reset, not a regime change

Three forces collided within 72 hours to derail Asia's hottest trade. What happened, who got hurt the most, and what should investors do next?

By Hu You | 09 Jun 2026 |2947 Views
TaiwanHKEXEquityGeneralAsiaJapanSZSESemiconductorSouth Korea