Good MornING Asia - 1 August 2019

Asian markets are likely to follow their US counterpart lower after Fed Chairman Powell dampened hopes of an aggressive easing cycle ahead.

In this bundle

Opinion

By Robert Carnell

Fed’s Powell delivers “hawkish cut”

Dollar rallies, the curve flattens, stocks sell. There's more coming, but not much, so don't hold your breath.

Asia Morning Bites

ASEAN Morning Bytes

General market tone: Risk-off. Asian markets are likely to follow their US counterpart lower after Fed Chairman Powell dampened hopes of an aggressive…

Australia

Australian 2Q19 CPI takes pressure off Reserve Bank

Despite recent dovish remarks from Reserve Bank (RBA) Governor Lowe, the improved CPI figures for 2Q19 take the pressure off any need for an imminent…

China

China’s PMI shows two opposing forces in manufacturing

After a brief rebound in March and April, the official manufacturing PMI in China has been contracting for three consecutive months. We expect that this…

China

Hong Kong’s future amid protests and a trade war

Hong Kong GDP rose 0.6% YoY in the second quarter, the same as in the first. The latest numbers reflect the impact of the trade war but don't take…