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
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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.
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