bullish
Strong ASEAN Banks Poised Well to Face Uncertain Rate Outlook
300 Views23 Apr 2024 06:12
SUMMARY
- The strong showing of economic data from the US for the first three months of 2024 has spurred bets that the Federal Reserve’s is going to delay cutting rates towards the latter half of this year.
- The narrative surrounding ‘imminent’ rate cuts that dominated market perception near the end of last year has been thwarted by the Fed’s chair Jerome Powell suggesting that rates are likely to remain elevated, without the market completely discounting the possibility of further rate hikes.
- The immediate fallout from the higher-than-expected March inflation figures led to a systematic drop in Asian currencies, especially for some ASEAN based currencies, such as the Malaysian Ringgit, that have already been embattled by weakening currency against the dollar since the start of this year.
Related Insights
More »- HLA Chair Kwek Leng Peck Increases Stake After 35% Rise in FY24 Net Profit
- Buybacks Surge as Earnings Season Nears End
- DBS - Granular Disclosure Shows Aggressive Deterioration in HK and China. Look at Pillar 3 Also.
- Tuan Sing CEO and director add to stakes
- Mid-July Market Movers: Stocks with the Highest Net Institutional Inflows
Trending Collections
More »Trending Insights
More »- [Japan Activism] ISS Comes Out Supporting Orbis Against Tsuruha/Welcia Merger Ratio
- GMO Internet (4784) Offering - This Is a GINORMOUS Re-IPO - AVOID LIKE THE PLAGUE
- USD Bears Broke The Bandwagon
- Frasers Hospitality Trust (FHT SP): Frasers Property & TCC Reload Scheme
- POSCO Future M: A Rights Offering Capital Raise of 1.1 Trillion Won
Top Unpaywalled Insights
More »- AQR DNA in a Digital World: Systematic Edge with Connor Farley - The New Barbarians Episode #019
- Curator's Cut: "Bubble" Tea, Japan M&A 🍿and TSMC from Different Lenses
- The Coming Global Trade Re-Ordering
- The Polycrisis Era (2025–2028): Navigating a World of Overlapping Disruptions
- Our AI-Powered Accounting Risk Trading Strategy Beat the S&P 500 by 2.5x
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Criat
Next-Generation Credit Analytics Provider
- Strong ASEAN Banks Poised Well to Face Uncertain Rate Outlook23 Apr 2024
x