Home » » Hawkish FED weighs on SREITs and companies with high debt, underpins banks

Hawkish FED weighs on SREITs and companies with high debt, underpins banks

Shared By Stock Fanatic on Thursday, June 14, 2018 | 14.6.18

FED hikes rates by 25 basis points to 2%, signals two more hikes this year for a total of four

• FED raises US GDP forecast to 2.8% (2.7% previously)

• Reiterate that committee has tolerance for inflation above the 2% target, sees inflation at 2.1% this year through 2020.

Ceteris paribus, hawkish FED underpins banks but weighs on SREITs and companies with high debt
Daily Chart
STI currently trades 12.76x (-0.5SD) 12-month forward PE, to find near-term support at 3385, lower at 3368, near term resistance at 3427, 3455.

Source : DBS Group Research


Posted on Thursday, June 14, 2018 | 14.6.18
With No comments


Join Me On: Facebook | Twitter | Google Plus ::: Thank you for visiting ! :::
DISCLAIMER:
Some of the photos shown in this blog are randomly sourced from the Public Domain. If there is an infringement in the copyright of the photos; kindly inform us and it will be removed immediately. Thank you for your kind understanding.
Share this article :

Post a Comment

 
Modified by : Stockfanatic
Copyright © 2008 - 2018. Singapore Stock Market News - All Rights Reserved
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger
Related Posts with Thumbnails