The dollar index (DXY00) on Monday rose by +0.27%.  The dollar moved higher on Monday after the Trump administration signaled an openness to a trade deal with China, dampening trade tensions. However, Monday's sharp rebound in stocks limited demand for the dollar in terms of liquidity.  Also, dovish comments from Philadelphia Fed President Anna Paulson were bearish for the dollar when she said she favors two more quarter-point interest rate cuts this year. The ongoing shutdown of the US government is bear ...

The idea that we are going to get that inflation data, does that ease some concerns that people had. I mean, it didn't stop the markets from hitting new highs in all fairness, but does that ease in your mind some concerns that we're going to get that data and the Fed won't be quote unquote flying blind or at least not as blind as we previously thought. Yeah, I think that's true.I think one of the concerns has been that look that the economic backdrop is somewhat difficult to read anyway, even with the data ...

The unexpected resignation of Sébastien Lecornu, now the shortest-serving prime minister under the fifth republic, has rattled markets and plunged France into yet more political uncertainty https://t.co/Yxd8WlrbDWPhoto: Reuters https://t.co/32M4uVV2z6 ...

Dow futures plunged 150 points on Tuesday, as investors weighed political uncertainty in Washington against lingering concerns over economic growth. With Congress racing against a midnight deadline to avoid a government shutdown, investor sentiment grew increasingly cautious. ...

Core Insights - The ASEAN LV market experienced a growth of 3% YoY in H1 2025 but began H2 with a decline of 1% YoY, primarily due to negative sales in Indonesia, Malaysia, and the Philippines [1] Indonesia Market Summary - LV sales in Indonesia fell by 17% YoY in July and continued to decline by 19% YoY in August, marking four consecutive months of double-digit declines, leading to an overall decrease of 10% YoY from January to August [2] - Political uncertainty and the potential for protest recurrence, along with a decrease in consumer income and increased debt payments, have led to a downward revision of the long-term sales outlook for Indonesia [3] - The projected LV volumes for Indonesia in 2025 are now estimated at 720k units, the lowest annual total in 15 years, excluding the COVID-19 pandemic year of 2020 [3] Malaysia Market Summary - In Malaysia, LV sales dropped by 2% YoY in July, totaling 71k units, but August saw a 3% YoY increase and a 5% MoM increase to 75k units, the highest monthly sales total for the year [4] - The growth in August was driven by new model deliveries from Chinese brands and national brands, alongside ongoing price reductions stimulating sales [4] - The sales outlook for Malaysia in 2025 has been revised slightly upward to 790k units, with expectations of a boost in Q4 2025 as consumers rush to purchase before anticipated price hikes in 2026 due to changes in tax calculation methodology [5]

Government Finance - Thailand's Senate approved a 378 trillion baht (approximately $106 billion USD, based on a rough conversion of 356 baht per USD) annual budget [1] Political Impact on Investment - The budget approval offers relief to investors concerned about political uncertainty [1] - Political uncertainty was heightened following the sacking of Paetongtarn Shinawatra as prime minister (note: the original text contains an error, Paetongtarn Shinawatra was not sacked as prime minister) [1]