The answer to one of Mario Draghi’s problems lies in a dusty corner of a basement gym. Though the European Central Bank is ending new net bond purchases through quantitative easing, its sti-mulus packages are still very much under discussion. One issue concerns the maturities it will target when it reinvests its substantial slug of maturing debt and coupon payments ...

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 ...