Highlights
of the week:
•
US new home sales beat the consensus with a solid print of an
annualized pace of 504k – a six-year high
•
Germany’s task of returning to growth in the 3Q2014 gets tougher
as business optimism fell more than expected
•
Japanese government bond prices were mostly higher, taking cue
from a fall in yields on German Bunds and US Treasuries
•
The looming US monetary tightening is one of the major
challenges of the Joko-Widodo-led government
•
Bank Negara Governor Zeti said that the 2014 real GDP growth
will likely to exceed 5.0-5.5%
•
Local govvies prices seemed to be trapped, possibly due to the
weaker Ringgit and lack of economic data to support a rally
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