海外研报

Global Economics Weekly A change in narrative

As central bankers gather in Jackson Hole next week, thenarrative for policy easing is building. Inflation is in retreat,

MXAPJ rebounded 3% as Asian markets generally rallied amid easing US

MXAPJ gained 2.7%, with significant gains in Korea,Singapore, Taiwan, and Philippines (+4-5%), while Thailand,

Still Like Macau Gaming, Though More BB Than B

The shifting macro dialogue once again was the main driverof global markets. Recent concerns on US growth were

UMichigan Sentiment Above Expectations and Inflation Expectations Unchanged

BOTTOM LINE: The University of Michigan’s index of consumer sentimentincreased in the August preliminary report, slightly above consensus expectations