Bloomberg Daybreak: Asia Edition December Trading Begins in the Asia-Pacific
16 snips
Dec 2, 2024 
Alicia Garcia Herrero, Chief APAC Economist at Natixis, shares her insights on the Asia-Pacific economy, along with Vikas Pershad, Asian Equities Portfolio Manager at M&G Investments, who offers a unique perspective on investment strategies. They discuss the vulnerability of emerging markets amidst currency challenges and the impact of U.S. monetary policies globally. Additionally, they highlight growth opportunities in Japan, China, and India as geopolitical tensions loom, shedding light on the interconnectedness of markets and economic policies.
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Global Fiscal Concerns
- Lack of fiscal restraint will lead to global fiscal problems, impacting emerging and frontier markets first.
- The US will attract capital due to tax cuts, but long-term fiscal problems are expected.
Euro Weakness and US Tariffs
- The Euro's weakness stems from European political uncertainty and the expectation of US tariffs.
- Currencies weaken to withstand potential tariffs, impacting central bank decisions.
US Economic Outlook
- US economic data is currently difficult to interpret due to distortions.
- The Fed must consider increased import costs from tariffs, regardless of consumption or employment data.