Asian business morale rebounds sharply to 18-month highs - Thomson Reuters/INSEAD survey
|According to the latest Thomson Reuters/INSEAD survey, the business morale among the Asian firms bounced sharply to hit 18-month highs in the December quarter. However, caution prevails, as trade war remains a top risk to companies' six-month outlook.
Key Findings
The Thomson Reuters/INSEAD Asian Business Sentiment Index .TRIABS, RACSI tracking firms' six-month outlook jumped 13 points to 71 for the fourth quarter.
That lifted confidence from close to a decade low in the previous quarter to its highest since June last year.
The swing is also the strongest turnaround since the tail end of the eurozone debt crisis in 2011, when China was pouring stimulus into its economy as well.
Antonio Fatas, economics professor at global business school INSEAD in Singapore, noted: "Conditions, expectations and some of the uncertainty has improved over the last quarter," pointing to easing tensions between China and the United States.
“But I don't see this uncertainty disappearing, I think some of these tensions are going to stay with us maybe for years or decades," he added.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.