Stock markets could go higher still in 2018: DBS

Singapore

THE bull market may be old but it is far from stale.

This reassurance came from DBS Private Bank chief investment officer Hou Wey Fook on Thursday, who was speaking to clients on the bank's investment outlook for the first half of the year.

While market valuations in the US are stretched, they are not excessive.

The global economic outlook is strong, which will boost corporate earnings worldwide at a time when inflation remains subdued, Mr Hou said.

"When inflation is low, central banks have the luxury of not tightening or normalising monetary policy, so they tend to be very s…