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Policy uncertainty takes centre stage |
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By Michael Lai
Wealth Advisory
OCBC Bank, Malaysia
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Highlights This Month |
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| Wealth Insights |
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| Constructive second-half outlook for US equities |
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| US equity market enters the second half of 2026 in a position of strength. We remain constructive due to strong earnings growth. Developments in AI though stock selection would matter more as valuations become stretched. - Lim Yuin, Chief Investment Strategist, Lion Global Investors |
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| Find out more |
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| Global Outlook |
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| Policy uncertainty takes centre stage |
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| Markets remain resilient in the face of higher-for-longer interest rates, tariffs and geopolitical risks, which are testing the durability of the global growth outlook. – Selena Ling, Chief Economist & Head, OCBC Group Research – Selena Ling, Chief Economist & Head, OCBC Group Research |
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| Find out more |
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| Equities |
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| Navigating technological shifts and secular growth |
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| We maintain our constructive stance on global equities with an Overweight position in the US, offset by our cautious view on Europe. Recent weakness in technology stocks has weighed on Asia's tech-focused markets, but long-term fundamentals support the AI investment cycle. – Eli Lee, Managing Director, Chief Investment Strategist, Bank of Singapore |
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| Find out more |
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| Bonds |
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| Continue to favour high-quality credits |
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| Credit markets in July reflected the impact of rising US Treasury yields, moderately wider spreads and greater dispersion. While fundamentals remain broadly stable and higher bond yields support return potential, ongoing rate volatility and bond issuance warrant neutral duration stance and selective focus on high-quality credits. – Eli Lee, Managing Director, Chief Investment Strategist, Bank of Singapore |
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| Find out more |
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| FX/Commodities |
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| Gold’s long-term appeal intact |
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| Gold may face choppy recovery in the near-term but continued central bank buying, reserve diversification and global fiscal risks should provide longer term support. We remain constructive on its outlook. - Christopher Wong, Executive Director, OCBC Group Research |
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For more information, please contact your Relationship Manager |
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| OCBC Bank (Malaysia) Berhad 199401009721 (295400-W) |
| OCBC Al-Amin Bank Berhad 200801017151 (818444-T) |
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