Summary of Key Points from J.P. Morgan's Global Data Watch: Asia Industry or Company Involved - The report focuses on the economic outlook for Asia, particularly China and its domestic demand, as well as the broader implications for emerging markets in Asia. Core Insights and Arguments 1. **China's Domestic Demand**: Domestic demand in China continues to underperform, leading to a reduction in the 3Q GDP growth forecast to 2.3% quarter-on-quarter annualized (q/q ar) from 3.0% [1] 2. **Impact of Trade-in Subsidies**: August retail sales have softened due to the fading impact of trade-in subsidies and weak consumer confidence [1] 3. **Industrial Production and Investment**: Industrial production has moderated, and fixed asset investment has collapsed, attributed to anti-involution policies, limited funding for infrastructure, and ongoing weakness in the housing market [1] 4. **Future Growth Projections**: Despite the current slowdown, average GDP growth on a year-on-year (o/y) basis is expected to remain at 5%, aligning with the full-year target, which reduces the urgency for immediate policy action [1] 5. **4Q Growth Expectations**: Sequential slowdowns are anticipated to drag down 4Q growth to 3.9% o/y, increasing pressures for more easing measures [2] 6. **Policy Easing Measures**: Expected easing measures include a tactical pause in anti-involution efforts, earlier monetary easing, and potential fiscal support through front-loading the 2026 budget or utilizing remaining debt ceiling limits [2] 7. **Export Trends in Asia**: The report notes a significant contraction in exports across several Asian countries, including a 9% sequential contraction in Singapore's non-oil domestic exports (NODX) in August, indicating a reversal from earlier growth [3] 8. **Japan's Export Performance**: Japan's real exports were nearly flat in August, with a notable 12% month-on-month (m/m) decline in exports to the US, influenced by tariff agreement timings [8] 9. **Taiwan's Resilience**: Taiwan's exports remain robust, driven by strong tech exports, with first-half growth reaching nearly 10% [9] 10. **Fiscal and Monetary Policy Coordination**: The report highlights the need for better coordination between fiscal and monetary policies in the region, as monetary easing has not sufficiently boosted domestic demand [10][11] Other Important but Potentially Overlooked Content 1. **Political Discontent**: Sluggish domestic demand and employment issues have led to political discontent in several countries, prompting calls for more policy support [10] 2. **Indonesia's Monetary Policy**: Bank Indonesia has implemented consecutive rate cuts to support growth, reflecting a desire for fiscal-monetary coordination amidst political developments [10] 3. **Fiscal Stimulus in Other Countries**: Countries like Korea and India have announced fiscal stimulus measures, indicating a trend towards increased fiscal support in response to economic challenges [11] 4. **Long-term Growth Potential**: The report suggests that structural changes and fiscal consolidation could enhance Japan's medium- to long-term growth potential, despite current concerns over debt sustainability [30] This summary encapsulates the critical insights and projections regarding the economic landscape in Asia, particularly focusing on China, Japan, and the broader emerging markets.

BREAKING: 🇺🇸 FED RATE CUT ODDS IN OCTOBER JUMPS TO 94.1% 🚀 https://t.co/6okA6x25qw ...

Hello everyone. The Federal Reserve has finally admitted tariffs have not been inflationary. We're going to discuss whether the Fed should be replaced by artificial intelligence. I'm going to share my theory on why gold is surging higher. And John Narian is going to join us to dissect the current state of financial markets. We're live today from the desk of Anthony Pompiano. [Music] Before we get into today's show, I need your help. My goal is to get to 1 million subscribers on YouTube, but we only have 25, ...

Market Overview - Stocks experienced further downside during trading, with major averages showing a lack of direction early but sliding into negative territory as the day progressed [1] - The Dow fell by 171.50 points (0.4%) to 46,121.28, the Nasdaq decreased by 75.62 points (0.3%) to 22,497.86, and the S&P 500 dipped by 18.95 points (0.3%) to 6,637.97, reflecting uncertainty in the artificial intelligence sector [2] Company Performance - Nvidia (NVDA) saw a decline of 0.9% after a 2.8% drop on Tuesday, while Oracle (ORCL) fell by 1.7%, indicating concerns about valuations in the AI sector [3] - The NYSE Arca Computer Hardware Index dropped by 2.3% after reaching a record closing high, highlighting significant weakness in computer hardware stocks [5] Sector Analysis - Gold stocks faced significant weakness, with the NYSE Arca Gold Bugs Index slumping by 2.2% due to a pullback in gold prices [6] - Airline stocks also experienced pressure, leading to a 1.6% decline in the NYSE Arca Airline Index, while energy stocks performed well amid rising crude oil prices [6] Economic Indicators - Traders expressed uncertainty regarding interest rates, with Federal Reserve Chair Jerome Powell indicating that near-term inflation risks are tilted to the upside, creating a challenging economic environment [4] - In the bond market, the yield on the benchmark ten-year note rose by 2.7 basis points to 4.147%, marking a nearly three-week closing high [8]

Nigeria’s naira could come under modest pressure next year after stabilizing in 2025 as the nation’s central bank cuts rates gradually and crude prices fall, Citi https://t.co/R0jJ0toSEI ...

[Music] I'm Yahoo Finance executive editor Brian S and you're taking a look at a live shot of the opening bells on Wall Street on this uh somewhat rainy Wednesday morning here in New York City. That is at least the government of Switzerland ring the bell. The New York Stock Exchange Security National getting things underway at the NASDAQ. Of course, they're keeping things secure. All right, if the market is trying to show everyone that it knows what a meltup is, it's doing a pretty good job. Friends, stocks ...

BREAKING:🇺🇲 TREASURY SECRETARY BESSENT SAYS POWELL SHOULD HAVE CUT RATES BY 100–150 BPS. https://t.co/UQHoOVifzn ...

💥BREAKING:TREASURY SEC BESSENT SAYS POWELL SHOULD HAVE CUT RATES 100-150 BPS NOW. https://t.co/CvFSD0FjUP ...

Sales Strategy - Ford is aggressively pursuing increased F-150 pickup sales this quarter [1] - The company is offering very low interest rates to buyers with low credit scores [1]

All right, let's start off with your thesis here, Bill. You're saying that the weakness in the housing market, that's a sign that the Fed needs to cut rates even more than it has already. So, I don't want to put this in context, though.The Fed's cut rates by about 75 basis points over the last year and mortgage rates are up about 15 basis points. So, how is that going to help when the housing market seems to be really guided by some other factors. >> Well, the housing market is is one where it's very sensit ...