Good MornING Asia - 2 May 2019

"No strong arguments for a move either way" clips the US rate-doves' wings, pushing USD higher.

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Opinion

By Robert Carnell

Markets respond to patient Fed

"No strong arguments for a move either way" clips the US rate-doves' wings, pushing USD higher.

Asia Morning Bites

ASEAN Morning Bytes

General market tone: Risk-off. Regional markets are likely to track Wall Street weakness as the Fed shoots down rate cut hopes.

China

China: softer PMI to keep stimulus in place

The lower than expected manufacturing PMIs show new orders continuing to increase. By contrast, new export orders continued to shrink although at a slower…

Taiwan

Taiwan: GDP growth edges lower amid shrinking exports

Taiwan 1Q19 GDP growth was 1.7% year-on-year, down from 1.8% in 4Q18. Most of the growth engines contracted. Looking forward, producing 5G equipment could…

Philippines

Philippines: April inflation to be right on target at 3.0%

Inflation continues to decelerate rapidly and is expected to be within target for a third straight month, with the Philippines central bank (BSP)…

Thailand

Thailand’s economy ends first quarter of 2019 on weaker note

We consider our 3.1% GDP growth forecast for 1Q19 subject to downside risk. The hawkish central bank and persistently large current account surplus…