Core Insights - Asia's economies have performed better than anticipated despite the challenges posed by U.S. tariff threats, but a slowdown in growth is expected for the next year [1] Economic Performance - The Asian Development Bank highlighted that the region's economies have shown resilience in the face of external pressures, particularly from U.S. trade policies [1] - Growth rates in Asia are projected to decline in the upcoming year, indicating a shift in economic momentum [1]

The economic resilience of earlier in the war is fading, even in Moscow https://t.co/Jo86SAybQI ...

Key TakeawaysThe UK Debt Management Office (DMO) announced plans for £303.7 billion in gross gilt issuance for 2025/26, an increase from previous estimates, with a notable shift in the composition of gilt sales.US economic data revealed initial jobless claims fell to 216,000 for the week ending November 22, while durable goods orders rose by 0.5% in September, exceeding expectations.China Vanke is proposing to extend 2 billion yuan in bonds maturing on December 15, highlighting continued liquidity pressures ...

Economic Data Insights - September retail sales data is crucial for understanding consumer spending resilience ahead of the holiday shopping season, with both headline and core retail sales being analyzed for consumer behavior amidst economic uncertainties [1] - The upcoming consumer confidence report will provide additional context on household sentiment regarding current conditions and future expectations, which could influence market stability [1] - A significant convergence of economic data is expected on Wednesday, including Q3 GDP revision, Core PCE inflation data, durable goods orders, and initial jobless claims, all of which could lead to market volatility [3] Company Earnings and Sector Analysis - Earnings reports from Dell, Workday, and Zscaler will shed light on enterprise technology spending, particularly in areas like PC demand, cloud-based software, and cybersecurity investments, which are critical amid economic uncertainties [4] - Alibaba's earnings will provide insights into Chinese consumer behavior and e-commerce trends, especially in light of government stimulus measures and trade tensions with the U.S., with a focus on Singles' Day performance and holiday expectations [6] - Deere's earnings will offer contrasting insights into North American agricultural equipment demand and broader industrial equipment spending, which are indicators of business investment trends [6] Market Dynamics and Trading Environment - The Thanksgiving week presents unique market dynamics due to reduced liquidity, which can amplify price movements, making it critical for buyers to defend lower levels after last week's technical breakdown [7] - Investors are closely monitoring whether growth stocks can find support or if there will be a continued rotation into defensive sectors, especially given the upcoming economic data and earnings reports [7] - The holiday trading dynamics, combined with critical economic data releases, create potential for significant market movements despite the shortened trading schedule [7]

Economic Growth and Consumption - India's consumption surged in October, driven by the festive season and recent GST rate rationalization, indicating economic resilience despite global uncertainties [1][5] - The economy grew at a brisk pace in the first quarter of FY26, with real GDP expanding around 7.8% and nominal GDP rising close to 8.8%, supported by resilient domestic demand [4] Consumer Spending and Indicators - A 41% year-on-year increase in vehicle sales, record digital payments, and a 25% rise in Diwali sales to over ₹6 trillion highlight strong domestic demand [2] - Manufacturing PMI expanded sharply to 59.2 in October 2025, indicating buoyant demand and productivity gains [6] Credit and Investment Outlook - Bank credit is reviving, with the credit-deposit ratio exceeding 80%, and expectations of sustainable credit growth in the medium term [7][8] - Fresh term deposit rates are expected to have bottomed out, coinciding with renewed drivers of credit growth [8] External Factors and Trade - The rupee's decline against the dollar prompted the Reserve Bank of India to intervene, selling $7.7 billion in August to stabilize the exchange rate [9] - Foreign portfolio inflows into India recovered in October, although the trade deficit remains sensitive to changes in crude prices and gold imports [10]

Core Insights - U.S. consumer spending increased by 0.6% in August, surpassing expectations and indicating economic resilience as households engaged in leisure activities [4][6] - The economy has retained momentum from the previous quarter, supported by low layoffs and strong business demand for equipment, suggesting limited likelihood of interest rate cuts by the Federal Reserve [2][4] - Job growth has stagnated due to trade policy uncertainty and immigration restrictions, impacting the labor market [3] Consumer Spending Details - Consumer spending, which constitutes over two-thirds of economic activity, rose 0.6% in August following a 0.5% increase in July, exceeding the forecast of 0.5% [4][6] - Spending on services, including transportation, dining, and recreation, increased by 0.5%, while goods outlays surged by 0.8% [5][6] - High-income households are driving consumption, supported by a robust stock market and elevated home prices, with household wealth reaching a record $176.3 trillion in Q2 [7] Economic Indicators - The report indicates stronger income growth in 2024 and some months of the current year, attributed to rising equities and housing prices, benefiting higher-income households [8]

Group 1 - European stocks are expected to open flat to slightly lower as a busy week for central bank meetings and key economic releases concludes [1] - U.S. stock futures increased after FedEx reinstated its full-year profit outlook, indicating positive sentiment in the market [1] - The Bank of Japan maintained steady interest rates and announced plans to offload exchange-traded funds, impacting Asian markets [2] Group 2 - U.S. jobless claims dropped significantly, suggesting resilience in the U.S. economy and reducing recession fears [3] - Gold prices increased while oil prices decreased as traders awaited further sanctions on Russian oil [4] - U.S. stocks reached record highs, with Nvidia agreeing to invest $5 billion in Intel Corp, reflecting strong corporate activity [4] Group 3 - The tech-heavy Nasdaq Composite rose by 0.9%, S&P 500 increased by 0.5%, and Dow Jones gained 0.3% following the Federal Reserve's interest rate cut [5] - European stocks closed higher, with the pan-European STOXX 600 advancing by 0.8%, driven by positive reactions to central bank decisions [5]

Core Insights - ABO-Group is transitioning from small-scale projects to larger projects in sectors such as defence, nuclear waste management, and mining, marking a significant shift in its operational strategy [3][4][7] - The company achieved a revenue of €53.6 million in the first half of 2025, reflecting a growth of 17.7%, with organic growth contributing 8.1% and acquisitions contributing 9.6% [9][11] - The financial targets for 2025 remain intact, with expectations to reach between €105 million and €110 million in revenue despite a slowdown in the construction sector [8][9] Financial Performance - The EBITDA increased from €5.4 million to €5.9 million, while the EBITDA margin decreased from 11.8% to 11.1% [10][18] - Net profit fell significantly from €493,000 in 1H24 to €226,000 in 1H25, a decrease of 54.1% [10][20] - The balance sheet remains strong with a solvency ratio of 28% and a debt ratio of 2x EBITDA [9][21] Revenue Breakdown - Revenue by activity shows Geotechnical at €23.96 million (10.8% growth), Environment at €24.66 million (17.3% growth), and Monitoring & Infrastructure at €5.05 million (71.9% growth) [12][35] - Revenue by country indicates Belgium at €18.88 million (17.6% growth), Netherlands at €9.90 million (32.5% growth), and France at €24.89 million (12.8% growth) [15][35] Strategic Developments - The appointment of new COOs for Belgium and the Netherlands aims to enhance operational efficiency and knowledge sharing within the organization [5][9] - The company is focusing on large-scale projects that are expected to start in the second half of 2025, particularly in defence and nuclear waste sectors [25][26] Market Position and Outlook - ABO-Group's resilience to economic cycles is bolstered by ongoing geopolitical turbulence, supporting growth expectations for 2026 and 2027 [27] - The company is adapting to a competitive market environment, particularly in the Environmental Division, which faces pressure from new entrants [13][16]

Economic Resilience - America's economic resilience is largely attributed to its strong fundamentals [1] - Immediate boosts are also contributing to America's economic resilience [1]

Malaysia’s industrial production grew at a faster-than-expected pace for a second straight month, underscoring signs of a resilient economy that prompted the central bank to keep interest rates unchanged last week https://t.co/azUrW4pf6R ...