In a year full of anticipated challenges, what can we expect to see in the investment market? BEA has invited several financial specialists to offer you the latest market forecasts and highlight key trends, in order to help you stay abreast of developments in the asset markets.
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Global Economy
Tang Sai-on, Paul - Chief Economist at BEA
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- Asian economies now stabilising.
- U.S. economy likely to remain stable in first half of 2020, but U.S. election may stoke market volatility.
- Eurozone will perform slightly better in exports, but Brexit and unrest in France will impact overall performance.
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Asian Bonds
Pheona Tsang - Chief Investment Officer of Fixed Income at BEA Union Investment
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- Low interest rates set to continue, supporting asset classes that offer attractive carry, e.g. Asian high-yield bonds.
- Chinese high-yield property bonds offer attractive valuations, stable contract sales , and lower policy risks.
- Some Asian countries may cut interest rates further. Asian local currency bonds will be supported by low inflation and reasonable real yields.
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Foreign Currencies
Yip Chak-hang, Alan - Senior FX Market Strategist at BEA
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- USD and RMB – USD forecast to weaken slightly. U.S.-China trade conflict will affect the RMB’s trajectory.
- EUR and GBP – Weakening of the USD may favour the EUR. Pound expected to lose value amid Brexit uncertainties.
- JPY – JPY expected to strengthen slightly.
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