Top Reads of The Week 14/4/2024

Why I'm sticking with DBS, UOB, OCBC

Singapore's three main banks, DBS, UOB and OCBC, have strong fundamentals, including resilient net interest margins, loan growth, and cost controls.

Their diversified businesses and prudent risk management should help them navigate economic headwinds and support long-term profitability.

Interest rates could hit 8% or more, and wars are creating outsize geopolitical risks, Jamie Dimon warns

PMorgan CEO Jamie Dimon warns that interest rates could rise to 8% or higher as the Federal Reserve battles inflation.

He also cautions about the significant geopolitical risks posed by the Russia-Ukraine war and tensions with China.

China Holiday Spending Rise Shows Consumption Recovery on Track

China's consumer spending during the Qingming Festival holidays increased compared to last year, indicating that the country's consumption recovery is progressing well.

The spending data signals continued economic momentum.

Hang Seng China Stock Gauge Climbs 20% From This Year's Low

The Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong, has rallied 20% from its low for the year, fueled by optimism about China's economic recovery and policy support measures.

The index's rebound reflects improving investor sentiment towards Chinese equities after a challenging year.

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