Asia - Economic Data & News 01 (Jun 08 - Jun 16)

Re: Asia - Economic Data & News

Postby winston » Fri Mar 11, 2016 9:53 am

Asia equity: Climbing up the risk ladder

Negative interest rates in Europe and Japan likely to drive liquidity to Asia, which still provides relatively higher growth and stability

Currency volatility and oil price are still the wilds cards but we have side-stepped the worst in 1Q

Cautiously optimistic in 2Q, watch for Fed signals for USD trend and growth confirmation in 2H

Growth downgrades in Taiwan, Korea and Singapore with no clear signs of recovery in 2Q; prefer emerging ASEAN to these markets

Source: DBS
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Re: Asia - Economic Data & News

Postby behappyalways » Fri Mar 18, 2016 4:11 pm

Southeast Asia Stocks Poised for Bull Market as Global Funds Buy
http://www.bloomberg.com/news/articles/ ... ds-pile-in
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Re: Asia - Economic Data & News

Postby behappyalways » Mon Mar 21, 2016 9:31 am

How $81 Million Slipped Through Philippine Cracks: Timeline
http://www.bloomberg.com/news/articles/ ... s-timeline
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Re: Asia - Economic Data & News

Postby winston » Thu Mar 24, 2016 6:40 am

It's not all bad

Most firms in the Asia-Pacific have an optimistic outlook over the next six months, a survey by Thomson Reuters/INSEAD showed.

The survey, conducted earlier this year, covered 97 of the biggest companies in the region.

Among respondents, household, food and beverage, health-care, retail and leisure and auto firms were the most bullish. Most reported improvements in asset quality, business activities and increased staff in the first quarter.

Firms in the construction and engineering, real estate, metals and chemicals, technology and telecom, energy and utilities sectors were among those with a neutral view.

Financial services firms, including banks and insurers, were pessimistic. Falling demand in China primarily clouds their outlook. But other respondents cited market volatility, changing regulations and prospects of higher interest rates for the gloomy outlook.

The survey also gave an outlook for different economies in the region. Firms in the Philippines were the most optimistic.

Sentiment in China, India, Japan, Thailand, South Korea and Singapore all improved. Firms in Australia and Indonesia were neutral, but their Malaysian and Taiwanese peers were relatively pessimistic.

The survey contradicted the gloomy forecasts of most stock analysts.

It is perhaps best not to focus on the bad news and not to ignore the good.

Source: Dr Check, The Standard
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Re: Asia - Economic Data & News

Postby winston » Thu Mar 31, 2016 10:07 am

Foreign Investors Buy $10.5 Billion Of Emerging Asia Stocks In March

By Kopin Tan

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... -in-march/
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Re: Asia - Economic Data & News

Postby winston » Sat Apr 02, 2016 6:02 pm

Asia's Go-Go Days Are Gone

By Christopher Langner

It's telling that Moody's revised the outlook for Singapore's big banks to negative the same week that Standard & Poor's downgraded Standard Chartered, and as shares of Australia & New Zealand Banking Group completed their worst quarter since the global financial crisis.

While the reasons for the three events differ slightly, the common thread is that these banks are being forced to retrench after years of heavy lending internationally, especially to commodities producers.

They're cleaning up after a massive post-2008 credit party, and as the lights go on, the pile of junk is bigger than anybody expected

Source: BLOOMBERG

http://www.bloomberg.com/gadfly/article ... n-t-pretty
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Re: Asia - Economic Data & News

Postby winston » Tue Apr 05, 2016 7:44 am

Sell Asian currencies, advises Goldman

It is time to sell Asian currencies after their best monthly rally in more than seven years, according to Goldman Sachs Group.

"The currencies will resume declines as further easing in China and Japan is likely to push the yuan and yen to their weakest levels since at least 2008," says Kamakshya Trivedi, a strategist at the bank who correctly predicted in November that emerging markets would recover in 2016.

South Korea's won led the March rally with an 8.2 percent advance and the Malaysian ringgit's 7.8 percent jump was its biggest since 1998. A gauge of 10 Asian currencies excluding the yen rose 3 percent.

"These are good levels to short Asian currencies, especially the won, baht, Taiwan dollar, yuan and ringgit," said Goldman's chief emerging-market macro strategist in London. "There are very direct implications for emerging-market currencies in Asia from yuan moves. We forecast more weakness across this currency complex."

Developing-nation exchange rates completed their strongest month since at least 1999 as commodities rebounded and the dollar slumped on bets after the Federal Reserve signaled it will move slowly in raising US interest rates. However, Asian exports are yet to recover, raising the prospects for a new wave of devaluations across the region as the yuan depreciates against China's trade partners and expectations mount for additional monetary stimulus in Japan, according to Trivedi.

Goldman predicts a 14 percent plunge in the yen to 130 per dollar in the next 12 months, a level last seen in 2002, and a 7.4 percent drop in the yuan to 7.0 versus the greenback, which would be the weakest since May 2008.

The won will decline almost 12 percent from current levels to 1,300 in the period, according to Trivedi, who recommends shorting the Korean currency.

While the yuan has advanced 0.45 percent versus the dollar this year, its nominal effective exchange rate has dropped the most in the region, according to Westpac Banking Corp's indexes.

Source: BLOOMBERG
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Re: Asia - Economic Data & News

Postby behappyalways » Mon Apr 11, 2016 1:11 pm

East Asia faces growth slowdown, World Bank warns
http://www.cnbc.com/2016/04/10/china-sl ... -bank.html
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Re: Asia - Economic Data & News

Postby winston » Tue Apr 12, 2016 12:59 pm

Credit Suisse Sentiment Survey: Investors U-Turn On Australia, Japan, China A-Shares

By Shuli Ren

India was again the market that attendees were most overweight on, followed by Australia (which was in fact the biggest underweight last year), and China-H as the third most overweight.

Pakistan, Malaysia, Japan and China-A were by far the markets that investors were most underweight on—the latter two were, remarkably, in the top-3 most overweight countries last year.

At the sector level, Healthcare was now the most liked sector (overtaking the traditional preference of Technology), followed by Internet.

Energy and financials, by a large margin, appear to be the least liked sectors.



Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... -a-shares/
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Re: Asia - Economic Data & News

Postby winston » Tue May 31, 2016 9:25 pm

Fed, China fears force investors to check out of Asia

BY NICHOLA SAMINATHER AND VIDYA RANGANATHAN

Asian equity markets, excluding Japan, during the period May 1 to 24, the largest outflow since January, data from HSBC showed.

Indonesia's and South Korea's bond markets, heavy recipients of foreign investment until March, are now seeing chunks of inflows reverse while Asia's currencies have also fallen quite sharply.


"The renewed U.S. dollar strength and concerns around slowing stimulus in China could potentially be short-term headwinds"


Source: Reuters

http://www.reuters.com/article/us-asia- ... the%20Bell
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