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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ASIA
This week the main economic focus in non-Japan Asia should be the Bank of Korea meeting. There are also a number of Q3 GDP and October CPI prints.
- On Monday, Thailand’s Q3 GDP prints and is expected to rise 0.8% q/q and 4.5% y/y up from Q2’s 0.7% q/q and 2.5% y/y. There is quite a range of estimates from -1% to +2% q/q.
- Singapore publishes its Q3 GDP report on Wednesday and it is expected to be in line with Q2 rising 1.5% q/q and 4.3% y/y. Bloomberg forecasts are in a tight range around this point at 1.3% to 1.7% q/q. CPI data for October also prints and should moderate to 7% y/y from 7.5% in September, as energy prices ease, but core is projected to be steady at 5.3%.
- Thailand publishes October customs trade data on Wednesday, which is expected to show a widening in the trade deficit to US$1.4bn from US$0.85bn last month. Annual rates in both export and import growth should slow.
- The Bank of Korea meets on Thursday and is widely expected to increase rates by a smaller 25bp to 3.25%, after 50bp at the last meeting, which would bring it in line with the Fed funds. Only one analyst out of the 15 surveyed by Bloomberg expects a different outcome with a 50bp move.
- On Friday, Malaysian CPI data for October is published and is expected to moderate to 3.9% y/y from 4.5% last month.
Cumulative policy rate changes in Asia (bp)
Source: MNI Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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