EWS

Among Southeast Asia's major economies - ASEAN-6 - Indonesia and the Philippines have currently almost 360,000 confirmed COVID-19 cases each. According to WHO's models, the real number could be 3.5 million or more.If the modeled estimates are some 10 times higher than the confirmed cases, the longer-term human costs and economic damage could prove significantly more burdensome than currently anticipated.Among the ASEAN-6 economies, only Vietnam is expected to avoid a contraction in 2020, in part thanks to US trade and technology war against China. Improved GDP growth has been fueled by recovery in exports, which has benefited from offshored manufacturing capacity from China. Yet, foreign investment flows have fallen.

Five years ago, State Street started a new, green fund. The world hasn’t been the same since.

The Singapore stock market offers a great example of where loose monetary policy has failed to prevent prospective returns from rising to attractive levels. The country outsources its monetary policy to the U.S. so should be attractive to investors looking to buy stocks as a way of benefitting from easy Fed policy. The dividend yield is 4.0 percentage points above 10-year Treasuries with the potential for dividends to recover from the Covid-induced crash. The Singapore economy has been hit hard by the global lockdowns but from a long-term perspective the island state boasts one the most stable economic, political, and business environments in the world.

The case for the European Central Bank to add monetary stimulus gained momentum on Tuesday, with Executive Board Member Fabio Panetta saying policy makers should err on the side of doing more to keep the rebound on track.

More than two weeks of doubt and volatility in the stock market are finally starting to show up in corporate bonds.

The tech-led selloff in U.S. equities is likely only halfway done, according to the Morgan Stanley strategist whose warning last month about the top-heavy market now appears prescient.