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Transcripts For BLOOMBERG Bloomberg 20240704

Those deflationary pressures, gdp target front and center, will it be 5 . Could it be below five, some say unlikely, but we wait and see in terms of where the target would be. It is also about the fed. We have fed chairman Jerome Powell set for testimony expected to reiterate the fed is in no hurry to cut rates, it is likely to lean towards a hawkish tone. We heard from many officials saying that the fed can afford to wait given the data, given strong inflation remain sticky, and the economy remains resilient. The fed, as well as china, expected to did cake dictate sentiment in the market. Also keeping an eye on thailand, india, as it is said to join the trading day in 44 minutes. Lets look at the set, currently up 0. 3 . This is a market that has been lackluster, one of the worst performers in asia yeartodate. Down 3 on the year. The thai baht has been under a lot of pressure, but today gaining 0. 1 . 35. 805 versus usd, and indian future is pointing to a higher open, up 0. 3 . Adani

Transcripts For BLOOMBERG Bloomberg 20240703

Investors are still concerned over chinas economic recovery even though there have been signs of stability creeping in. A sliver of good news from developers as we mentioned. Country garden and rishi sunak with them winning and sunak winning bondholder approval. Lets check in with the Stock Exchange of thailand in bangkok. Very little change. The dollar continuing the lurch higher there against the tide thai currency. The tourist numbers from thailand coming through and they are dependent on visitors revenue. The Bangkok Administration say 90 million tourists have visited the country so far and received 795 billion baht of revenue. You can divide that by 35. You lets get more on markets. The chief strategist at union bank there is here. How would you characterize the price action we are seeing in the Market Sentiment as we await the Central Bank Decisions . We would characterize it as a market is trying to transition the mindset from the disinflationary story focusing on Central Banks

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A global cyclical boom in technology products like chips as well as a push by the government to get firms to replace their old equipment supported the April upturn.