Good morning 🐈! I am 95%! 🥳! So early at work that I have time for a relaxing coffee ☕️ - fuel for the day! So today, got lots going on today in terms of central bank meetings. Bank Indonesia & the ECB. I think a cut still can happen despite comment on rupiah strength. Why? 
Indonesia got a growth problem (since 2013) as it is stuck in low gear at ~5%. Financing is an issue as prudent fiscal policy + worsening revenue ratios = no space. On top of this, foreign investors fidgety on EM (less so lately) so funding an issue. Also got a 40% GDP infra plan
So the SOEs if Indonesia have leveraged to help to avoid fiscal position slippage but liquidity is tight. And w/ CPI at 3.3% & rate at 5.25% it has space to cut to 5%👈🏻. ECB is no change according to Dirk but eyes on forward guidance & dissension & what Legarde can do.
If u are interested, I am speaking about trade-war & supply chain, Asian growth, BI, Korea GDP outlook (u know the usual good stuff!!!!) at 905am on @BloombergRadio & at 11am on Bloomberg TV 📺 🤗 Be there or be square!!! Okay, u have better things to do. Fine! 😤 will post clips
@BloombergRadio South Korea Q3 GDP rose slightly less than expected by 0.4% qoq sa & 2%YoY (same as expectations & Q2).
Based on trade data in October - Q4 will likely be just as bad even if there is a statistical boost from a favorable base. SKY Hynix said DRAM & NAND capacity to fall in 2020
Based on trade data in October - Q4 will likely be just as bad even if there is a statistical boost from a favorable base. SKY Hynix said DRAM & NAND capacity to fall in 2020
@BloombergRadio Production breakdown of 🇰🇷SK's GDP:
Manufacturing weak but some stabilization
Construction contracting per usual & a huge drag (we had expected this as the cycle goes down after a spike)
On the investment side, construction investment a drag but facility investment weak too😬
Manufacturing weak but some stabilization
Construction contracting per usual & a huge drag (we had expected this as the cycle goes down after a spike)
On the investment side, construction investment a drag but facility investment weak too😬
@BloombergRadio I missed something key! Today is Markit PMI flash day (we don't get China flashes anymore but used to). In Asia, there is DECELERATION across the board for both Australia and Japan. So economic data this morning is not good.
The good news is that we got a favorable base soon!🤗
The good news is that we got a favorable base soon!🤗
@BloombergRadio In the afternoon, we'll get 🇩🇪Germany & France🇫🇷 & the rest of the Eurozone flash PMIs (remember that it was horrible last month for Germany & the export figures confirmed), which is just in time for Draghi's last horahh.
Expectations are for some stabilization at a low level 👇🏻
Expectations are for some stabilization at a low level 👇🏻
@BloombergRadio Some people say markets don't care about economic fundamentals. Of course it does. Look at the KOSPI vs SPX
Jaws widening!!! 🦈😯👇🏻👇🏻👇🏻 (referencing Speilberg's movie obvs & sadly Hollywood hasn't made such good movies in a while)
Question: Will KOSPI recover? Too discounted?
Jaws widening!!! 🦈😯👇🏻👇🏻👇🏻 (referencing Speilberg's movie obvs & sadly Hollywood hasn't made such good movies in a while)
Question: Will KOSPI recover? Too discounted?
