海外研报

Mapletree Industrial Trust

R . Its portfolio of flatted factories are well located acrossSingapore can be seen as an attractive “landbank” for the REIT. MINT has over the years embark on a

Global FX Trader Too Much Shade on the Carry Trade

n JPY: Carry not so scary. Since the sharp sell-off in USD/JPY that started onFriday and accelerated through Monday alongside broader market volatility, the

Back to fundamentals

Rates investors will focus on PPI, CPI and retail sales this week, whichwill fine-tune expectations for the September FOMC meeting.

Global Macro Insight

Data releases over the past month have underscored our expectation that the FOMC will start to reduce policy restriction from September (-25bp).

Firmer Consumer and Construction Sector Business Confidence

Bottom Line: Business confidence in the manufacturing sector did not change inAugust; remaining in above-neutral optimistic territory and consolidating the 5.2pt