Market Commentary

February 2019

 

Global Equity Markets
Stocks kicked the year off into a positive beat, reversing a negative sentiment from 2018. Much progress over US-China trade talks lifted hopes of a truce. The dovish language from the US Federal Reserve (Fed) signaled a willingness to pause interest rate hikes that would temper market turbulence and gave the emerging markets (EM) a much welcomed relief. Oil prices gained momentum amid sanctions on Venezuela and a drop in US stockpiles.

Asia Pacific Equity Markets
Asian stocks reversed a negative sentiment from 2018 as stocks took optimistic cue from progress over US-China trade talks that lifted investor sentiment. A shift in language on a possible pause to interest rate hikes from the US Federal Reserve (Fed) to temper market turbulence and a slowing US economy added tailwinds. As caution abated, investors turn attention to earnings from technology giants that would set the tone for the region. Within the region, Japan underperformed and Australia outperformed.

Asia (excluding Japan) Equity Markets
Stocks kicked the year off into a positive beat, reversing a negative sentiment from 2018. Much progress over US-China trade talks lifted hopes of a truce while dovish language from the US Federal Reserve (Fed) signaled a willingness to pause interest rate hikes that would temper market turbulence. Asia ex-Japan underperformed the global benchmark, as investors focused on earnings from technology giants that would set the tone for the region.

 

February 2019
January 2019

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