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Discover what ING analysts are looking for next week in our global economic calendars
Domestic liquidity conditions appear to be thawing with previously stagnant funds now returning back to the financial system
Indonesia's trade balance in the red with both exports and imports contracting again in August
August trade data showed a surprise narrowing of the trade deficit, pointing to soft GDP and possible easing from the BSP in early 2020.
PHP: Peso to dip early on corporate demand, rebound on financial flows.
FXTN – BVAL: Yields to move sideways, positioning for next month.
ROPs (& INDONs): Fed cut hopes boost appeal but gains to be limited after rally
Good MornING Asia - 7 October 2019
Headline inflation dropped to 0.9% with benign inflation providing the BSP scope to cut policy rates further
The US economic data continues to unfold on a weaker side, adding to odds of the Fed accelerating its easing cycle by cutting rates again in October. While this will sustain most Asian central banks on the easing path, the Reserve Bank of India is getting far ahead of others with another policy rate cut today.
Optimism about trade and the electronics cycle may have helped support Asian currencies in September. But October trade talks still face steep hurdles, and the electronics cycle is still creating issues
There is almost nothing on the Asia calendar today, except for Hong Kong Retail sales. Nothing other than a terrible number is conceivable here.
China is celebrating its 70th anniversary today. It would be a happier event without the ongoing trade war, or the Hong Kong protests.
All seems to be positive for the markets today with rising optimism on the US-China trade relations and accelerating global easing cycle supporting investor sentiment.
Some breather from the Brexit noise and thawing of US-China trade relations support risk appetite ahead of the key central bank policy meetings - ECB tomorrow and the Fed next week.
The Philippines posted a fourth straight month of gains as shipments to the US jumped 8.9%
PHP: Peso rebounds on improving sentiment on hopes for CB stimulus.
FXTN – BVAL: “Trim and square” may be the theme, given lack of fresh leads.
ROPs (& INDONs): INDONs gain on government plans to boost investment
The People's Bank of China cuts banks' RRR by 0.5 percentage points in a bid to lower the interest costs of small firms and stave off defaults as intensified trade war with the US depresses growth outlook
The real-world impact of the failure of politicians to agree on cross-border ‘deals' is becoming obvious. Financial markets don't like it, and investors are shifting into safe havens. With business confidence sagging, pressure is on for politicians to get deals done. Read more in our latest economic update
The People's Bank of China announced RRR cuts of 0.5 percentage points. This policy action aims to lower the interest costs of small firms and stave off defaults
Fitch has downgraded Hong Kong to AA from AA+ with a negative outlook. Though we agree that the governance has deteriorated recently, we believe the situation will change when there is an election of the next Legislative Council in September 2020
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