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UOB most upbeat about US equities market

It expects America, as a consumer-focused market, to benefit from the decline in oil prices and the stronger USD

Published Mon, Jan 5, 2015 · 09:50 PM

Singapore

GIVEN the strengthening US dollar and volatile crude prices, United Overseas Bank is most upbeat on equities for this quarter, with a preference for the US market.

In 2014, the USD had surged by over 10 per cent on an exchange- weighted basis. UOB is confident that the USD appreciation trend should persist this year, on the back of favourable economic factors and interest rate differentials.

It also believes that oil prices, which has plunged over 50 per cent since its peak in June, would remain under p…

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