Bank Indonesia and the People’s Bank of China are both expected to maintain current interest rate levels. Key releases include Japan's GDP, trade figures, and inflation, Taiwan's export orders and Singapore's GDP
Friday's meeting between Trump and Putin seems to have gone smoothly. Details are scarce, but so far there are no signs of fresh tensions with Russia and no new sanctions on countries such as China and India that continue buying Russian oil. US crude opened the week with a gap lower but has since recovered part of its losses. Direction remains uncertain, though the absence of immediate stress is notable.
We anticipate further volatility amid tariff concerns, but we continue to expect gains for the S&P 500 and see the index reaching 6,600 by year-end. We believe a solid US economy, healthy corporate earnings growth, and further advancements in AI should support the rally. We also see opportunities in Asian ex-Japan equities, including those in Taiwan and India. In Europe, we like structured strategies on German equities.
