Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>Core PCE and CPI inflation remained at 4-year lows in Apr-May'25 despite Trump's tariffs, although June core CPI inflation crept up MoM after further tariff hikes (on steel and aluminium).</li>
<li>M2 growth of just 5.2%YoY (May'25) is a restraining factor on inflation. However, tariff hikes have been much higher than we expected, with most trading partners failing to negotiate reductions. </li>
<li>For consistency with 2024 cuts, the FOMC likely will cut rates this month. But the tariff hikes on most trading partners will push core inflation toward 3%, disallowing further cuts. </li>
</ul>


Core PCE and CPI inflation remained at 4-year lows in Apr-May'25 despite Trump's tariffs, although June core CPI inflation crept up MoM after further tariff hikes (on steel and aluminium).
M2 growth of just 5.2%YoY (May'25) is a restraining factor on inflation. However, tariff hikes have been much higher than we expected, with most trading partners failing to negotiate reductions. 
For consistency with 2024 cuts, the FOMC likely will cut rates this month. But the tariff hikes on most trading partners will push core inflation toward 3%, disallowing further cuts. 


US: Subdued Inflation to Oblige a Reluctant Fed to Cut This Month, but No More in '25

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Cover Story: Degrees of uncertainty make Chinese students rethink the benefits of a U.S. education</li><li>In Depth: How guardians can support China’s swelling ranks of solo seniors</li><li>Vietnam attracts global manufacturers despite U.S. tariff increases</li></ul>

Cover Story: Degrees of uncertainty make Chinese students rethink the benefits of a U.S. educationIn Depth: How guardians can support China’s swelling ranks of solo seniorsVietnam attracts global manufacturers despite U.S. tariff increases

CX Daily: Degrees of Uncertainty Make Chinese Students Rethink the Benefits of a U.S. Education 

Podcast by Joe Weisenthal & Tracy Alloway, Odd Lots

Odd Lots

Podcast by Joe Weisenthal & Tracy Alloway

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

<ul><li>Private credit is transforming the world of debt, creating concerns for investors and the broader economy</li><li>Chicken wing prices are volatile due to the poultry industry focusing on breast meat demand, making wings a fall-off product</li><li>Companies like Elf Bar evade FDA regulation by flooding the market with products and rebranding under different names</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Private credit is transforming the world of debt, creating concerns for investors and the broader economyChicken wing prices are volatile due to the poultry industry focusing on breast meat demand, making wings a fall-off productCompanies like Elf Bar evade FDA regulation by flooding the market with products and rebranding under different namesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The 10 Most Interesting Things We Learned on Odd Lots in 2024

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

<ul><li>Technically, the SET Index is expected to move sideways, with the resistance at 1,314 points (25-day EMA)/1,320 points and the support at 1,301/1,295 points.</li><li>In the short term, the index is moving in an upward trend toward testing the neckline resistance at 1,332 points in order to confirm the uptrend pattern (triple bottom) after creating higher high and higher low points on Friday and Monday, resulting in a new buy signal.</li><li>We maintain our recommendation that investors do trading buy and stop losses if the index hits a new lower low.</li></ul>

Technically, the SET Index is expected to move sideways, with the resistance at 1,314 points (25-day EMA)/1,320 points and the support at 1,301/1,295 points.In the short term, the index is moving in an upward trend toward testing the neckline resistance at 1,332 points in order to confirm the uptrend pattern (triple bottom) after creating higher high and higher low points on Friday and Monday, resulting in a new buy signal.We maintain our recommendation that investors do trading buy and stop losses if the index hits a new lower low.

United States

The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide.  The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems.

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Boeing Co (BA US)

US: Subdued Inflation to Oblige a Reluctant Fed to Cut This Month, but No More in '25

Despite Trump's tariffs, inflation remained low in Apr-May'25, so a July rate cut is likely. But tariffs on most trade partners from Aug'25 (worse...

Prasenjit K. Basu

CX Daily: Degrees of Uncertainty Make Chinese Students Rethink the Benefits of a U.S. Education

Cover Story: Degrees of uncertainty make Chinese students rethink the benefits of a U.S. education. In Depth: How guardians can support China’s...

Caixin Global

The 10 Most Interesting Things We Learned on Odd Lots in 2024

Various industries, from technology to food, are experiencing significant changes and challenges driven by factors such as innovation, market...

Odd Lots

US FOMC/BoJ Meetings

Technically, the SET Index is expected to move sideways, with the resistance at 1,314 points (25-day EMA)/1,320 points and the support at...

Krungthai XSpring

US FOMC/BoJ Meetings

Technically, the SET Index is expected to move sideways, with the resistance at 1,314 points (25-day EMA)/1,320 points and the support at...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

US: Subdued Inflation to Oblige a Reluctant Fed to Cut This Month, but No More in '25

​Despite Trump's tariffs, inflation remained low in Apr-May'25, so a July rate cut is likely. But tariffs on most trade partners from Aug'25 (worse...

Prasenjit K. Basu

CX Daily: Degrees of Uncertainty Make Chinese Students Rethink the Benefits of a U.S. Education

Cover Story: Degrees of uncertainty make Chinese students rethink the benefits of a U.S. education. In Depth: How guardians can support China’s...

Caixin Global

The 10 Most Interesting Things We Learned on Odd Lots in 2024

Various industries, from technology to food, are experiencing significant changes and challenges driven by factors such as innovation, market...

Odd Lots

US FOMC/BoJ Meetings

Technically, the SET Index is expected to move sideways, with the resistance at 1,314 points (25-day EMA)/1,320 points and the support at...

Krungthai XSpring

US FOMC/BoJ Meetings

Technically, the SET Index is expected to move sideways, with the resistance at 1,314 points (25-day EMA)/1,320 points and the support at...

Krungthai XSpring

Despite Trump's tariffs, inflation remained low in Apr-May'25, so a July rate cut is likely. But tariffs on most trade partners from Aug'25 (worse...