Broker Name: OCBC Investment Research
Date of Report: 8 December 2025

Excerpt from OCBC Investment Research report.

Report Summary:

• Global equities posted modest gains, led by improved US consumer sentiment and expectations of Federal Reserve rate cuts, with the S&P 500 and Nasdaq up for the week and volatility remaining low.
• European and Asian markets also advanced, supported by strong factory orders in Germany and tech-related gains in Asia, while investors rotated towards domestically focused and smaller-cap stocks that could benefit from an accommodative rate environment.

Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Investment Research can be the first to access the full report from the OCBC Investment Research website: https://www.ocbc.com/personal-banking/investments/investment-research.page