After a long absence, Chart of the Week is throwing itself back into the game. And there is plenty to say. First up: markets are chewing their nails about growth. Weak US data doesn’t help, clearly. Nor do Japanese supply chain wobbles that are still feeding through the system. As a result, numbers have sagged in emerging Asia as well. But, this doesn’t mean the region is hitting the ground hard. The picture is a little more nuanced than that. Asia’s smaller economies, which are far more trade dependent, are feeling the chill. The big ones, however, namely India and China, are still performing well and may even be picking up some steam of late. As you know, we warned of this divergence before. But we also argued that after a tough second quarter, things would be looking much brighter again. Our story is still intact….
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http://www.easyforexnews.net/wp-content/uploads/2011/06/301112.pdf
HSBC Markets (Asia) Limited