Investors appear to be losing faith in an economy that does not yet appear to be losing steam. For the first time since late 2015, cyclical stocks are all of a sudden the market’s biggest losers. The Vanda Cyclicals-Defensives US in-dex, which as the name suggests measures the relative performance of cyclical stocks against defensive ones, is down 7 percent ...

A sledgehammer to swat a fly. That’s how OCBC Investment Research is describing the unexpected curbs on Singapore’s property market announced. While the imposition of additional buyers’ stamp duties and tighter loan-to-value norms on home lending so early in the cycle does indeed smack of overkill (especially after a less than 10 percent recovery in residential prices following a long ...

If bond traders still questioned whether Jerome Powell’s Federal Reserve would truly stay the course, no matter how choppy the waters, minutes of the central bank’s June meeting should erase all doubt. Fed officials said they realised the Treasury yield curve was rapidly heading toward inversion, according to the Federal Open Market Committee minutes. Many saw downside risks from emerging ...