HSBC maintains an optimistic but selective stance on Asia, favouring markets with strong growth, innovation and improving shareholder returns.
BNY’s Geoff Yu notes that U.S. long-term inflation expectations, measured via 5y5y swaps, are catching up with Europe’s as markets price prolonged disruption risks. He expects further convergence, with up to 10bp upside.
S&P Global will release the May flash Purchasing Managers' Indices (PMIs) for most major economies, including the United States (US), on Thursday. These surveys of top private sector executives are seen as an early indicator of the country’s economic health.