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Asia: Weekly Observatory

Tue, Sep 15 2009, 10:48 GMT
by BBVA Bancomer Team

BBVA Bancomer


Economic and Financial Market Highlights

Exports continue to tumble across the Asia Pacific region. China, Taiwan, Japan, Malaysia and Philippines all recorded sharp contraction on yearly exports although month-on-month, all except Philippines and China registered higher export figures. Industrial output expanded in India and China albeit contracted slightly in Malaysia while retails sale shrank in Australia and swelled in China. Consumer confidence has picked up in Japan, Thailand and Australia while inflation in China, Taiwan and India remains in negative territory. Japan surprised the market, revising its second quarter GDP estimate downwards while the Korean central bank left its policy rate unchanged. Very positive week for Asia-Pacific stock markets with strong gains across the board while all currencies ended the week higher against the USD.


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This document was prepared by Banco Bilbao Vizcaya Argentaria’s (BBVA) Research Department on behalf of itself and its affiliated companies (each a BBVA Group Company) for distribution in the United States and the rest of the world and is provided for information purposes only. The information, opinions, estimates and forecasts contained herein refer to that specific date and are subject to changes without notice due to market fluctuations. The information, opinions, estimates and forecasts contained in this document have been gathered or obtained from public sources believed to be correct by the Company concerning their accuracy, completeness, and/or correctness. This document is not an offer to sell or a solicitation to acquire or dispose of an interest in securities.

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