FW: [Maybank] AXJs In Consolidative Mode

 

 

AXJs In Consolidative Mode Global Markets Daily by Saktiandi Supaat FX Research Asian equities are taking their cues from global markets and are in a sea of green this morning as risk appetite improves. China's imposition of dumping duties on a chemical from Japan, Singapore and Thailand as well as the possibility that Trump could name Peter Navarro (a trade protectionism advocate) as Assistant to the President though could trigger trade wars and weigh on the AXJs. For now though, AXJs should remain in consolidation ahead of Fed Chair Powell's testimony ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.