Bloomberg Daybreak: Asia Edition Asia Stocks Fluctuate, Investors Focus on US PCE Data Release
24 snips
Dec 1, 2025 Ileana Jain, an Economist at Westpac International specializing in Asia-Pacific macroeconomics, shares insights on China's economic slowdown and its implications for the region. She highlights the continued contraction in China's manufacturing sector and suggests targeted stimulus to regain consumer confidence. Jain examines Japan's vulnerability to reduced Chinese demand and discusses how Asian economies are sensitive to external shifts. The conversation also touches on inflation trends in Australia and the impact of U.S. monetary policy on regional markets.
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Markets Brace For US PCE And Weak China
- Asian markets swung as investors awaited delayed US PCE inflation data and more regional PMIs.
- China's factory activity stayed in contraction, signaling a deepening slowdown that rattles regional sentiment.
Services Weakness Threatens China's Consumption Push
- Ileana Jain highlights services weakness in China alongside weak manufacturing PMIs.
- She warns that weak services undermine authorities' plan to shift China toward consumption-driven growth.
Target Stimulus To Restore Household Confidence
- Target stimulus to rebuild household confidence and protect real-estate values in China.
- Create alternative asset classes and boost domestic-demand stimulus to restore wealth preservation.