Asia’s consumer recovery: winners and laggards
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https://think.ing.com/articles/asia-consumption-why-the-recovery-is-uneven/
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4 itemsAsia’s consumer recovery: winners and laggards
The desk observes that Asia's consumer recovery is uneven, with stronger growth in Japan, Australia, Singapore, and India amidst an overall sentiment shift due to easing inflation and rising asset prices. Per the full note from ing-think, while household wealth appears bolstered by stock market gains, there are significant disparities in consumption recovery within the region. Markets should remain vigilant to this divergence as it shapes not only local economic dynamics but FX flows as well, particularly for currencies linked to these outperforming markets.
Q2 Global Research Strategy Outlook - Assessing US exceptionalism and economic recovery
The desk posits that US exceptionalism is a key driver of global economic recovery, with emerging markets also showing varied performance. Per the full note from Standard Chartered, this divergence creates unique investment opportunities as some economies advance while others lag. Current positioning suggests a focus on the US dollar, particularly against currencies from underperforming regions. Consensus targets indicate a bullish outlook for USD, with the next major catalyst being upcoming economic data releases that could influence market sentiment.