Derivatives and Quantitative Strategist

Gaudenz Schneider

Event-Driven

<ul>
<li>Central banks globally are making rate decisions, with the Fed holding steady while Sweden, Switzerland, Taiwan, and the UK announce their decisions today.</li>
<li>Mexico and Canada are central banks to watch, with Fitch forecasting both economies to enter recession in 2025 due to their high US trade exposure.</li>
<li>The US's global reciprocal tariffs, set to be revealed on April 2, have significant implications for the global economy, with the potential to influence central bank policies worldwide.</li>
</ul>


Central banks globally are making rate decisions, with the Fed holding steady while Sweden, Switzerland, Taiwan, and the UK announce their decisions today.
Mexico and Canada are central banks to watch, with Fitch forecasting both economies to enter recession in 2025 due to their high US trade exposure.
The US's global reciprocal tariffs, set to be revealed on April 2, have significant implications for the global economy, with the potential to influence central bank policies worldwide.


Central Banks Hold Steady Amid Global Economic Uncertainty

ASEAN Exchanges

Gateway to ASEAN Investment

ASEAN Exchanges is a collaboration among the exchanges in the ASEAN countries with the objectives of promoting greater integration of the ASEAN capital markets, enhancing the visibility of ASEAN as an asset class, and strengthening ASEAN as an attractive investment destination for both ASEAN and global investors.

Current participating ASEAN exchanges (“Member Exchanges”) are Bursa Malaysia Berhad, Indonesia Stock Exchange, The Philippine Stock Exchange, Singapore Exchange, The Stock Exchange of Thailand, and Vietnam Exchange.

Cross Asset Strategy

<ul><li>In line with volatility seen in global financial markets, the capital markets in the ASEAN region have experienced periods of robust growth combined with significant downturns during the past several years.</li><li>The year 2023 was a year of uncertainty due to geopolitical tensions and macroeconomic uncertainties.</li><li>Despite these uncertainties, the capital markets in the region as a whole have fared well and shown several signs of recovery in 2024.</li></ul>

In line with volatility seen in global financial markets, the capital markets in the ASEAN region have experienced periods of robust growth combined with significant downturns during the past several years.The year 2023 was a year of uncertainty due to geopolitical tensions and macroeconomic uncertainties.Despite these uncertainties, the capital markets in the region as a whole have fared well and shown several signs of recovery in 2024.

ASEAN Capital Markets – 2024 Recap and 2025 Outlook

<ul><li>China’s rise as a global manufacturing hub was fueled by WTO accession in 2001, supported by export-friendly policies, low-cost labor, and rapid infrastructure development.</li><li>A 1994 currency devaluation and a shift to value-added goods boosted productivity as labor costs increased.</li><li>Since the mid-2010s, rising costs and geopolitical factors have driven supply chains to Southeast Asia.</li></ul>

China’s rise as a global manufacturing hub was fueled by WTO accession in 2001, supported by export-friendly policies, low-cost labor, and rapid infrastructure development.A 1994 currency devaluation and a shift to value-added goods boosted productivity as labor costs increased.Since the mid-2010s, rising costs and geopolitical factors have driven supply chains to Southeast Asia.

The Shift Of Supply Chains From China To Southeast Asia

<ul>
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Australia and ASEAN have built a strong partnership over 50 years, culminating in the Comprehensive Strategic Partnership (CSP) in 2021, enhancing cooperation in energy, digital economy, health, and human rights.
</li>
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The CSP reinforces a shared commitment to a secure, prosperous, and resilient region, driving deeper inter-regional collaboration.
</li>
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The 4th ASEAN-Australia Summit (October 2024, Vientiane, Laos) focused on enhancing connectivity, strengthening ASEAN community-building, infrastructure development, and economic integration.
</li>
</ul>



Australia and ASEAN have built a strong partnership over 50 years, culminating in the Comprehensive Strategic Partnership (CSP) in 2021, enhancing cooperation in energy, digital economy, health, and human rights.


The CSP reinforces a shared commitment to a secure, prosperous, and resilient region, driving deeper inter-regional collaboration.


The 4th ASEAN-Australia Summit (October 2024, Vientiane, Laos) focused on enhancing connectivity, strengthening ASEAN community-building, infrastructure development, and economic integration.



Australia-ASEAN Summit: Prospering In Partnership

External broker reports(aggregated public sources), MNC Sekuritas

MNC Sekuritas

External broker reports(aggregated public sources)

MNC Sekuritas, the first wholly-owned subsidiary established by the Group back in 1989, provides a complete range of services, from equity, fixed income, investment banking to providing research to optimize clients’ investments. Thus far, the company has more than 140 points of sales with over 100,000 clients. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Donald Trump achieves a historic comeback, becoming the second U.S. president to serve non-consecutive terms.</li><li>As results come in from House races nationwide, control of the chamber remains at stake, with the outcomes likely influencing key decisions on healthcare, taxes, and immigration. </li><li>The potential impact of Trump's trade policies could indirectly affect Indonesia's economy, especially through shifts in global trade dynamics and tariffs.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Donald Trump achieves a historic comeback, becoming the second U.S. president to serve non-consecutive terms.As results come in from House races nationwide, control of the chamber remains at stake, with the outcomes likely influencing key decisions on healthcare, taxes, and immigration. The potential impact of Trump's trade policies could indirectly affect Indonesia's economy, especially through shifts in global trade dynamics and tariffs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Macro & Market Perspective - November 7, 2024

Indonesia

iShares MSCI Indonesia ETF is an exchange-traded fund incorporated in the USA. The ETF seeks investment results that correspond to the performance of the MSCI Indonesia Investable Market Index.

iShares MSCI Indonesia ETF (EIDO US)

Central Banks Hold Steady Amid Global Economic Uncertainty

Reminder. China Mobile (941 HK) will release 2024 results tonight at 19:00h (HK time) and announce their dividend. Large volume traded yesterday in...

Gaudenz Schneider

ASEAN Capital Markets – 2024 Recap and 2025 Outlook

In line with volatility seen in global financial markets, the capital markets in the ASEAN region have experienced periods of robust growth...

ASEAN Exchanges

The Shift Of Supply Chains From China To Southeast Asia

China’s rise as a global manufacturing hub was fueled by WTO accession in 2001, supported by export-friendly policies, low-cost labor, and rapid...

ASEAN Exchanges

Australia-ASEAN Summit: Prospering In Partnership

Australia and ASEAN have built a strong partnership over 50 years, culminating in the Comprehensive Strategic Partnership (CSP) in 2021,...

ASEAN Exchanges

Macro & Market Perspective - November 7, 2024

The potential impact of Trump's trade policies could indirectly affect Indonesia's economy, especially through shifts in global trade dynamics and...

MNC Sekuritas