They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility
ALTHOUGH the “hawkish” interest rate cut by the US Federal Reserve led to Asian markets – including Singapore’s – opening in the red on Thursday (Dec 19), analysts remained optimistic on the outlook for both the Asia and Singapore equity and bond markets.
While there could be some initial volatility in the equity markets, the long-term outlook for the banking and manufacturing sectors in Singapore remains strong.
With a clearer view on rate cuts in 2025, bond investors will also benefit from less volatility as rate expectations will not be shifting as much, said analysts.
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