BlackRock optimistic on Asia in 2017
Singapore
ASSET management giant BlackRock is optimistic about the year ahead, despite risks coming from a strengthening US dollar and heightened political risk in the US and Europe.
In Asia's favour are relatively lower valuations since the US election, stronger macroeconomic fundamentals, and a recovering China, fund managers said.
"We are increasingly optimistic on Asia given positive signs of reflation and a recovery of nominal GDP (gross domestic product) growth …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals
Concord to buy Hipgnosis in US$1.4 billion deal
Nokia sees stronger H2 after Q1 comparable profit grows less than expected
TSMC posts first profit growth in a year after global AI boom
Latest Singapore one-year T-bill offers cut-off yield of 3.58%