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The Total Return for United Overseas Bank (SGX:U11) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
Singapore Shares Open 0.5% Lower, Weighed by Bank, Property Stocks -- Market Talk
Express News | Singapore stocks open: The FTSE Singapore Straits Index fell about 0.5%, HongkongLand USD and UOB fell over 1%.
UOB: The Bank of Japan's interest rate hikes are not yet over, but the timing of the next rate hike seems to be later.
According to Alvin Liew, an economist at UOB, as of December 19, the Bank of Japan has not finished raising interest rates, but the timing of future increases is expected to be influenced by wage growth in the coming year and the clarity of Trump's policies. This means that while the possibility of a rate hike in January has not been completely ruled out, it currently appears to be a low-probability event. Although the policy statement and the press conference by Governor Kazuo Ueda did not provide forward guidance, Ueda emphasized that wage increases in Japan by 2025 and considerations regarding Trump's policies are key to the next decision. UOB expects the Bank of Japan to raise interest rates in March.
Singapore Shares Edge Lower, Weighed by REITs -- Market Talk
UOB: The Federal Reserve may cut interest rates by 75 basis points next year.
Gelonghui, December 19 | Alvin Liew, a senior economist at UOB, wrote in a report that the Federal Reserve may lower interest rates by 75 basis points next year. He noted that the Fed's hint at a potential slowdown in easing is not surprising, but the market was shocked by the reduction in future rate cut expectations. UOB stated that the decrease in the anticipated number of rate cuts reflects expectations of increased inflation pressure from potential trade tariffs imposed by the Trump administration. UOB maintains that the Federal Reserve will cut rates three times next year until Trump's policies become clearer in early 2025.