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Wednesday, May 21, 2025

Asia Market Movers: Morgan Stanley raises China GDP forecast to 4.5% for 2025 amid easing trade tensions

Morgan Stanley raises China GDP forecast to 4.5% for 2025 amid easing trade tensions

Morgan Stanley has raised its China GDP growth forecast to 4.5% for 2025 (from 4.2%) and 4.2% for 2026 (from 4.0%), Morgan Stanley citing reduced tariff headwinds and an easing in global trade tension... 

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USD weakness extends

The usual array of suspects is being cited: Moody's downgraded the U.S. sovereign credit rating from Aaa to Aa1, citing concerns over rising federal debt and persistent fiscal deficits. It may yet hav... 

G7 weighs joint tariffs on low-value Chinese imports amid overcapacity concerns

Group of Seven (G7) nations are in discussions over coordinated tariff measures targeting low-value Chinese imports, as Western economies grow increasingly wary of what they describe as Beijing's non-... 

ICYMI - China gold imports surge to 11-month high

Bloomberg had this on Tuesday, citing Chinese customs data. I saw April gold imports data earlier this month, but this is more detailed. In summary: China imported the most gold in nearly a year last... 

ICYMI - Moody's US downgrade sparks concern among Hong Kong pension funds

News out of Hong Kong ICYMI. Hong Kong pension fund managers have warned of potential forced selling of US Treasuries after Moody's downgraded US debt, leaving only one remaining AAA rating from Japan... 

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FX option expiries for 20 May 10am New York cut

EUR/USD 1.1300 (EUR1.43bn) 1.1250 (EUR1.17bn) 1.1245 (EUR1.20bn) 1.1195 (EUR2.30bn) USD/JPY 145.50 (US$1.20bn) 145.00 (US$1.12bn) GBP/USD 1.3350 (GBP250mn) USD/CHF 0.8325 (CHF585mn) USD/CAD 1.3915 (US... 

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