Moody's: 2020 outlook for APAC banks is negative
|Reuters cites key highlights from the latest Moody’s Investors Service report on the outlook for the Asia Pacific (APAC) banks for the next year.
Key Quotes:
There will be weaker economic and trade conditions, which will lead to moderate increases in problem loans for the banks.
The US-China trade dispute is the key risk.
The above report has little to no impact on the Asia-pac currencies, as they trade on a cautious footing amid looming US tariff threats, weak Chinese exports data and ahead of key event risks due later this week.
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.