Agency Weekly Econ & Market Update 160212
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Transcript of Agency Weekly Econ & Market Update 160212
This information is compiled STRICTLY FOR YOU; FOR YOUR CONVENIENCE to help you keep in touch with
the market and economy.
Any modification, copying, reproduction, distribution, presentation, in any manner of the said contents without permission in writing from THE ZEN T.E.A.M. Investment & Research Leader is strictly
prohibited
Video & audio taping and photo-shooting is strictly prohibited during the presentation.
Discipline action will be taken for any misused of Agency assets and contents
REMINDER NOTICE
Strictly For Internal Training Only
Greece bailout & austerity weigh marts; Strong inflow foreign fund to SEALast call for Greece bailout; Wild card from China easing policy
Exclusively For
16th February 2012
Date Country Events Highlight Previous Announced
10-Feb-12Friday
China Exports / Trade Balance (Dec, yoy) 13.4% / $16.52b (0.5%) / $27.3b
US Michigan Consumer Sentiment (Feb) 75.0 72.5
US Exports /Trade Balance (Dec) $177.84b / ($47.75b) $178.8b / ($48.8b)
13-Feb-12Monday
Japan 4Q GDP (qoq / yoy) 1.7% / 7.0% (0.6%) / (2.3%)
Japan Tertiary Industry Index (Dec, mom) (0.8%) 1.4%
China M2 Money Supply (Jan, yoy) 13.6% 12.4%
Japan BoJ Monetary Policy Meeting – Day 1
14-Feb-12Tuesday
Japan Industrial Production (Dec, , mom, f) (2.7%) 3.8%
Japan BoJ Monetary Policy Decision 0.0% - 0.1%0.0% - 0.1%
$130bil (Buying LT bonds0
Euro Zone Industrial Production (Dec, mom) 0.0% (1.1%)
US Retail Sales / ex-auto (Jan) 0.1% / (0.5%) 0.4% / 0.7%
US Export / Import Price ex Oil (Jan) (0.5%) / (0.1%) 0.2% / 0.3%
US Business Sales / Inventories (Dec) 0.4% / 0.3% 0.7% / 0.4%
Date Country Events Highlight Previous Announced
15-Feb-12Wednesday
South Korea Unemployment Rate (Jan) 3.1% 3.2%
South Korea Exports / Trade Balance (Jan) $43.4b / $2.3b $41.3b / ($2.0b)
Singapore Retail Sales (Dec, mom) (0.9%) (2.4%)
Malaysia 4Q GDP (mom/yoy) 3.7% / 5.8% 1.2% / 5.2%
Euro Zone 4Q GDP (mom/yoy) 0.2% / 1.4% (0.3%) / 0.7%
Euro Zone Exports / Trade Balance (Jan) $155.6b / $6.3b $147.4b / $9.7b
US Empire Manufacturing (Feb) 13.48 19.53
US Industrial Production (Jan) 0.4% 0.0%
US Capacity Utilization (Jan) 78.6% 78.5%
US NAHB Housing Market Index (Feb) 25 29
US FOMC Monetary Policy Minutes
16-Feb-12Thursday
Australia Unemployment Rate (Jan) 5.2% 5.1%
Singapore 4Q GDP (qoq/2011) (4.9%) / 4.8% (2.5%) / 4.9%
US Initial / Continuing Jobless Claims (weekly) 358K / 3515K
US Housing Starts (Jan) 657K
US Building Permits (Jan) 679K
US Core PPI / PPI (Jan) 0.3% / (0.1%)
US Philadelphia Fed (Feb) 7.3
Spain and Italy downgraded,
France (and the UK) on negative
outlook – Moody’s
Malaysia GDP growth on domestic demand but bleed on external trade & fiscal deficit
Implementation of ETP projects, key to sustainable growth
Gold (hedging) on profit taking due to extreme overbought
Silver (speculative) profit taking on overbought position
Copper (real economic) profit taking on technical overbought
Crude Oil float above 100 on Syria conflict escalated
Commodity Index (CRB) profit taking on technical overbought
3 Mo 1 Yr 2 Yr 5 Yr 10 Yr 30 Yr0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
15-Feb-12 30-Dec-11 30-Jul-11 31-Dec-10 31-Dec-09 31-Dec-08
Pre and Post Fed “Operation Twist”
Post-”operation twist”
Pre-”operation twist”
Greece bailout in progress eases market fear
Dec-08 Dec-09 Dec-10 Dec-110.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
3 Mo 1 Yr 2 Yr 5 Yr 10 Yr 30 Yr
Dollar recovered lost ground on equity overbought profit taking
Foreign funds taking profit on technical overbought
Money outflow from Asia on assets overbought
US$
Asia Dollar Index
Ringgit lost ground against most trading partnersDate USD EUR JPY100 AUD SGD HKD100 THB100 TWD100 KRW100 IDR100 CNY
31-Dec-07 3.3115 4.8711 2.9545 2.9158 2.3033 42.4500 9.8308 10.2098 0.3538 0.0353 0.4534
31-Dec-08 3.4675 4.8862 3.8381 2.4037 2.4139 44.7419 9.9498 10.5658 0.2753 0.0318 0.5084
31-Dec-09 3.4265 4.9386 3.7136 3.0830 2.4452 44.1844 10.2774 10.7112 0.2939 0.0365 0.5019
30-Dec-10 3.0855 4.0858 3.7840 3.1400 2.3867 39.6380 10.2338 10.6232 0.2723 0.0343 0.4674
30-Dec-11 3.1685 4.0945 4.0818 3.3668 2.4373 40.7860 10.0348 10.4644 0.2733 0.0349 0.5034
31-Jan-12 3.0402 4.0105 3.9875 3.2432 2.4288 39.2017 9.8454 10.2711 0.2713 0.0338 0.4820
9-Feb-12 3.0085 4.0003 3.8978 3.2514 2.4170 38.7931 9.7933 10.2026 0.2697 0.0336 0.4779
10-Feb-12 3.0318 4.0243 3.9082 3.2423 2.4145 39.0861 9.8433 10.2677 0.2698 0.0337 0.4813
13-Feb-12 3.0245 4.0162 3.8930 3.2581 2.4136 39.0047 9.8150 10.2451 0.2699 0.0336 0.4803
14-Feb-12 3.0455 4.0099 3.9067 3.2552 2.4067 39.2813 9.8768 10.2956 0.2705 0.0338 0.4834
15-Feb-12 3.0355 3.9944 3.8693 3.2686 2.4124 39.1498 9.8555 10.2820 0.2705 0.0339 0.4818
16-Feb-12 3.0585 3.9765 3.8841 3.2599 2.4109 39.4391 9.9141 10.3232 0.2698 0.0340 0.4853
1/4 1/30
2/25
3/23
4/18
5/14
6/9 7/5 7/31
8/26
9/21
10/1711/12
12/81/3 1/2
92/2
43/2
24/1
75/1
36/8 7/4 7/3
08/2
59/2
010/16
11/1112/7
1/2 1/28
2.9000
3.0000
3.1000
3.2000
3.3000
3.4000
3.5000
USD/MYR
1/4 1/30
2/25
3/23
4/18
5/14
6/9 7/5 7/31
8/26
9/21
10/1711/12
12/81/3 1/2
92/2
43/2
24/1
75/1
36/8 7/4 7/3
08/2
59/2
010/16
11/11
12/71/2 1/2
8
37.0000
38.0000
39.0000
40.0000
41.0000
42.0000
43.0000
44.0000
45.0000
HKD100/MYR
1/4 1/30
2/25
3/23
4/18
5/14
6/9 7/5 7/31
8/26
9/21
10/1711/12
12/81/3 1/2
92/2
43/2
24/1
75/1
36/8 7/4 7/3
08/2
59/2
010/16
11/1112/7
1/2 1/28
2.6000
2.7000
2.8000
2.9000
3.0000
3.1000
3.2000
3.3000
3.4000
AUD/MYR
1/4 1/30
2/25
3/23
4/18
5/14
6/9 7/5 7/31
8/26
9/21
10/1711/12
12/81/3 1/2
92/2
43/2
24/1
75/1
36/8 7/4 7/3
08/2
59/2
010/16
11/1112/7
1/2 1/28
2.2500
2.3000
2.3500
2.4000
2.4500
2.5000
SGD/MYR
Foreign funds still net buyer on carry trade mode
FBM EMAS Vol Value (RM) Local Retail %
Local Institution %
Foreign %
Local Retail(RM)
Local Institution (RM)
Foreign(RM)
31-Jan-12 10,587.20 2-Feb-12 10,714.01 2,580.75 2,867.63 26.38 44.36 29.26 (21.50) (67.80) 89.30 3-Feb-12 10,733.79 2,844.82 2,315.26 29.63 47.94 22.43 (30.70) (64.00) 94.70 8-Feb-12 10,824.74 4,388.09 3,295.58 29.84 41.92 28.24 17.40 (55.90) 38.50 9-Feb-12 10,897.63 3,314.40 2,974.84 33.66 43.18 23.16 (47.90) (59.70) 107.60
10-Feb-12 10,883.76 3,354.88 2,811.66 36.98 44.43 18.59 58.40 151.90 (210.30)13-Feb-12 10,878.53 2,661.46 2,119.19 35.29 49.52 15.18 10.60 (31.50) 20.90 14-Feb-12 10,882.63 2,546.67 2,258.05 32.42 47.98 19.60 (55.60) (16.60) 72.20 15-Feb-12 10,860.15 2,309.57 2,145.93 31.49 48.68 19.83 16.40 (168.90) 152.50
Total 2.58% 24,000.64 20,788.13 (52.90) (312.50) 365.40
16-Feb-12 Close Change %
2007 - 2012 Highest/Lowest YTD QTD MTD Weekly Mar'09 to
NowPeak
Correction
Nikkei 225 (Japan) 9,238.10 (0.24%) 18,297.00 (20/6/07)
6,994.90 (28/10/08) 9.26% 9.26% 4.95% 2.62% 32.07% (14.95%)
Hang Seng Index (Hong Kong) 21,277.28 (0.41%) 31,958.41
(30/10/07)10,676.29 (27/10/08) 15.42% 15.42% 4.35% 1.27% 99.29% (14.85%)
Shanghai Stock Exchange (China) 2,356.86 (0.42%) 6,124.04
(16/10/07)1,664.93
(28/10/08) 7.16% 7.16% 2.80% 0.31% 41.56% (26.04%)
Stock Exchange of Thailand (Thailand) 1,120.25 (0.55%) 1,148.28
(1/8/11)380.05
(26/11/08) 9.26% 9.26% 3.35% 0.28% 194.76% (2.44%)
FT Straits Times Index (Singapore) 2,977.20 (1.14%) 3,906.16
(10/10/07)1,455.47 (10/3/09) 12.50% 12.50% 2.43% (0.13%) 104.55% (10.15%)
Taiwan Weighted (Taiwan) 7,869.70 (1.69%) 9,859.65 (30/10/07)
3,955.43 (21/11/08) 11.28% 11.28% 4.69% (0.52%) 98.96% (14.04%)
US S&P 500 (U.S.A.) 1,343.23 (0.54%) 1,576.09 (11/10/07)
666.79 (6/3/09) 6.81% 6.81% 2.35% (0.64%) 101.45% (1.56%)
Hang Seng China Enterprise (HSCEI) 11,577.36 (0.93%) 20,609.10
(1/11/07)4,792.37
(27/10/08) 16.51% 16.51% 2.46% (0.79%) 141.58% (18.58%)
Dow Jones Industrial Average (U.S.A.) 12,780.95 (0.76%) 14,279.96
(11/10/07)6,440.08 (9/3/09) 4.61% 4.61% 1.17% (0.85%) 98.46% (1.11%)
KOSPI (South Korea) 1,997.45 (1.38%) 2,231.47 (27/4/11)
892.16 (27/10/08) 9.40% 9.40% 2.13% (0.85%) 123.89% (10.49%)
FT KLCI (Malaysia) 1,550.49 (0.69%) 1,595.87 (7/7/11)
801.27 (28/10/08) 1.29% 1.29% 1.92% (0.95%) 93.50% (2.84%)
Jakarta Composite (Indonesia) 3,927.61 (0.64%) 4,195.72 (2/8/11)
1,089.34 (28/10/08) 2.76% 2.76% (0.36%) (1.29%) 260.55% (6.39%)
All Ordinaries Index (Australia) 4,257.16 (1.62%) 6,873.20 (1/11/07)
3,090.80 (10/3/09) 3.56% 3.56% (1.58%) (2.29%) 32.97% (16.02%)
Malaysia - KLCI
Hong Kong - HSI
US – S&P 500
Australia - AORD
Morgan Stanley ACFExJ
Public Mutual Fund Prices 15-Feb-12
Favourite Funds NAV Day Change
Day Change Last 5-Days MTD
ChangeQTD
ChangeYTD
ChangePublic Index Fund (PIX)*# 0.6884 (0.0002) (0.03%) 0.70% 2.53% 2.47% 2.47%Public Sector Select Fund (PSSF)*# 0.2906 (0.0002) (0.07%) (0.03%) 1.40% 1.50% 1.50%Public Regular Saving Fund (PRSF)*# 0.6575 0.0000 0.00% (0.03%) 1.33% 2.35% 2.35%Public Islamic Select Treasures Fund (PISTF)*# 0.3147 0.0011 0.35% 0.70% 2.47% 5.32% 5.32%Public Islamic Equity Fund (PIEF)* 0.3474 (0.0006) (0.17%) 0.03% 2.27% 3.52% 3.52%Public Islamic Sector Select Fund (PISSF)*# 0.2957 0.0006 0.20% (0.03%) 2.28% 0.78% 0.78%Public Aggressive Growth Fund (PAGF)* 0.6670 0.0020 0.30% 0.35% 2.93% 5.71% 5.71%Public Growth Fund (PGF)* 0.4896 0.0021 0.43% 0.66% 3.16% 3.95% 3.95%Public Industry Fund (PIF)* 0.5284 (0.0003) (0.06%) 0.90% 2.60% 3.10% 3.10%Public Equity Fund (PEF)* 0.2738 0.0011 0.40% 0.44% 2.59% 3.95% 3.95%Public Focus Select Fund (PFSF) 0.2632 (0.0003) (0.11%) 0.00% 1.94% 5.91% 5.91%Public Select Alpha 30 Fund (PSA30F) 0.3130 0.0004 0.13% 1.07% 2.83% 2.76% 2.76%Public Ittikal Fund (PITTIKAL)* 0.8709 0.0003 0.03% (0.08%) 2.40% 3.68% 3.68%Public Far-East Select Fund (PFES)* 0.2272 0.0023 1.02% 1.25% 5.77% 11.37% 11.37%Public Regional Sector Fund (PRSEC)* 0.1976 0.0023 1.18% 1.02% 5.44% 10.58% 10.58%Public Far-East Dividend Fund (PFEDF)* 0.2166 0.0027 1.26% 2.12% 4.44% 6.44% 6.44%Public China Select Fund (PCSF)* 0.1642 0.0029 1.80% 2.18% 6.07% 11.85% 11.85%Public Far-East Property Resort Fund (PFEPRF)* 0.2483 0.0018 0.73% 1.55% 3.67% 7.72% 7.72%Public Far-East Telco & Infrastructure (PFETIF)* 0.2940 0.0036 1.24% 1.17% 4.51% 5.87% 5.87%Public Australia Equity Fund (PAUEF) 0.2538 0.0008 0.32% (0.20%) 1.52% 6.86% 6.86%Public Natural Resources Equity Fund (PNREF) 0.2314 0.0000 0.00% (0.77%) 3.58% 11.36% 11.36%Public South East Asia Select Fund (PSEASF)* 0.2546 0.0012 0.47% 0.35% 2.17% 4.82% 4.82%Public Global Select Fund (PGSF)* 0.1824 (0.0002) (0.11%) 0.61% 2.53% 4.35% 4.35%Public Asia Ittikal Fund (PAIF)* 0.2611 0.0021 0.81% 1.79% 3.69% 7.14% 7.14%Public Islamic Asia Dividend Fund (PIADF)* 0.2463 0.0015 0.61% 0.78% 3.05% 5.30% 5.30%Public China Ittikal Fund (PCIF)* 0.1766 0.0022 1.26% 1.15% 4.74% 6.97% 6.97%Public Bond Fund (P Bond) 1.0125 (0.0001) (0.01%) 0.10% 0.33% 0.76% 0.76%Public Enhanced Bond Fund (PEBF) * 1.0277 0.0007 0.07% 0.13% 0.50% 1.18% 1.18%Public Select Bond Fund (PSBF)# 1.0415 0.0001 0.01% 0.09% 0.19% 0.60% 0.60%Public Islamic Enhanced Bond Fund (PIEBF)* 1.0960 0.0008 0.07% 0.19% 0.39% 0.91% 0.91%Public Islamic Bond Fund (PI Bond) 1.0660 0.0003 0.03% 0.16% 0.36% 0.91% 0.91%MSCI All Countries Far-East Ex-Japan* 499.52 8.45 1.72% 0.81% 4.20% 14.32% 14.32%MSCI Golden Dragon* 140.75 2.91 2.11% 1.43% 5.17% 15.66% 15.66%KLCI* 1,561.30 (4.75) (0.30%) 0.52% 2.63% 2.00% 2.00%
Best Funds Past 20-Days Worst Funds past 20-days Worst Funds recent correction Best Funds Recent Low
PCSF 13.40 PNREF (2.32) PRSEC (30.29) PINDOSF 26.84 PCTF 11.60 PRSEC (1.64) PFES (29.69) PIOF 26.64 PFES 11.26 PFES (1.52) PNREF (26.45) PISTF 26.13
PRSEC 10.39 PFETIF (1.18) PFA30F (24.20) PFES 24.84 PNREF 9.62 PITTIKAL (1.05) PFETIF (21.10) PFETIF 24.52
PCIF 8.48 PAGF (1.04) PCSF (20.14) PIA40GF 24.23 PFETIF 7.57 PBF (0.91) PFEDF (18.50) PIOGF 24.13 PFEDF 7.55 PINDOSF (0.88) PCIF (17.40) PNREF 22.56 PIOF 6.48 PEF (0.76) PCTF (16.41) PFEPRF 22.50
PSMALLCAP 6.30 PGF (0.71) PSMALLCAP (11.96) PRSEC 22.35 PAIF 6.27 PIOGF (0.70) PFECTF (11.89) PAGF 21.14
PFEPRF 6.25 PIEF (0.63) PGSF (11.11) PIX 21.00 PIA40GF 6.22 PIDF (0.59) PEF (10.66) PISEF 20.73 PFA30F 5.92 PFSF (0.57) PBF (10.28) PSMALLCAP 20.27 PIATAF 5.44 PAUEF (0.55) PAGF (9.56) PISSF 20.18 PIALEF 5.38 PCIF (0.45) PGF (9.35) PCTF 20.01 PFECTF 5.12 PISEF (0.42) PTAF (7.77) PRSF 19.85 PFEBF 4.91 PRSF (0.41) PAUEF (7.69) PFSF 19.64 PAGF 4.91 PIMXAF (0.32) PFEBF (7.23) POGF 19.62 PIADF 4.85 PSSF (0.27) PIALEF (5.85) PIEF 19.14 PFSF 4.78 PDSF (0.27) PIF (5.47) PSSF 19.07 PISTF 4.52 PSMALLCAP (0.27) PITTIKAL (5.16) PCIF 18.84 PSF 4.43 PISSF (0.20) PSA30F (4.91) PIDF 18.77
PAUEF 4.36 PIOF (0.18) PSEASF (4.91) PSA30F 18.39 PTAF 4.21 PSF (0.17) PSF (4.31) PAIF 18.02 PGF 4.15 PISTF (0.16) PINDOSF (3.77) PSEASF 17.96 PEF 4.03 PIX (0.15) PIATAF (3.56) PIADF 17.57 PIF 4.02 PGSF (0.11) PIOF (3.33) PITTIKAL 16.76 PBF 3.93 POGF (0.07) PAIF (3.20) PAUEF 16.53
PITTIKAL 3.86 PIF (0.06) PISTF (1.47) PEF 16.17
Top 30 Funds (Malaysia) 1-week (%) 1-month (%) 3-months (%) 6-months (%)TA Small Cap 2.40 9.07 14.76 14.31 OSK-UOB Emerging Opp UT 1.65 6.60 13.25 13.41 OSK-UOB Sm Cap Opp UT 0.33 6.85 12.96 13.37 PRUsmall-cap 1.89 7.17 12.35 5.42 Public Focus Select 0.88 4.29 11.85 9.90 MIDF Amanah Strategic 0.66 8.43 11.46 (1.68)Public Far-East Property and Resorts 1.52 3.84 11.19 8.30 MAAKL HDBS Shariah Progress 0.91 4.68 11.04 8.02 MIDF Amanah growth 0.59 8.43 11.03 (1.71)Apex Dana Aslah (0.52) 4.89 11.02 11.23 Hong Leong Industrial & Tech SF 0.37 2.34 11.00 6.18 MIDF Amanah Dynamic 0.57 8.29 10.80 (2.09)Public Islamic Opportunities 1.60 5.42 10.68 9.63 Kenanga Islamic 0.50 3.87 10.65 10.57 PRUequity Income 0.60 4.69 10.62 11.22 MIDF Amanah Islamic 0.80 8.25 10.57 (1.55)Hong Leong Con Infra & Pro SF (0.36) 3.32 10.56 9.52 Public Islamic Alpha-40 Growth 1.57 4.77 10.39 12.43 CIMB Islamic Small Cap 1.03 4.47 10.38 9.44 Public Islamic Select Treasures 0.70 3.90 10.34 5.29 Phillip Master Eq Growth 2.78 5.34 9.89 9.75 CIMB-Principal Small Cap 0.61 4.25 9.81 10.44 Hwang Aiiman Growth 0.99 3.75 9.78 10.16 Apex Dana Al-Faiz-i Inc (0.58) 4.07 9.63 8.08 PRUdana al-ilham 0.28 3.41 9.61 7.98 OSK-UOB Thematic Growth 0.03 2.24 9.60 7.01 Affin Select Growth 1.01 3.35 9.57 6.15 Pheim Asia ex-Japan Islamic 1.98 7.29 9.57 12.92 RHB Dynamic 0.13 3.94 9.56 5.66 InterPac Dynamic Equity 0.64 3.02 9.51 4.63
Bottom 30 Funds (Malaysia) 1-week (%) 1-month (%) 3-months (%) 6-months (%)AmPrecious Metal (2.94) (1.33) (12.68) (11.64)OSK-UOB Gold and General (2.72) (2.04) (11.97) (9.48)OSK-UOB Flexifund Equity China A * 2.63 1.43 (11.88) (18.13)Hwang Aiiman A20 China Access 2.09 3.12 (11.32) (10.76)Hwang Absolute Return II (1.35) 1.38 (8.39) (12.37)PB Euro Pacific Equity 1.69 3.11 (6.66) (12.57)Manulife Investment - Global Resources (0.67) 0.48 (5.48) (2.58)Public Far-East Alpha-30 2.16 3.57 (4.14) (11.75)PRUshariah Opp Asia Pacific Equity B 1.00 (2.25) (3.98) (4.42)AmIslamic Greater China 1.85 4.28 (3.75) (6.18)OSK-UOB Asian Growth Opportunity 0.17 2.58 (3.60) (10.98)AmIslamic Greater China - SGD 2.08 4.48 (3.49) (7.03)AmIslamic Greater China - MYR 1.55 4.03 (3.18) (6.74)PRUshariah Opp Asia Pacific Equity A 1.00 (2.26) (2.69) (3.23)Public Far-East Dividend 2.15 4.85 (2.43) (6.43)OSK-UOB Taiwan Opportunity 3.51 5.72 (2.39) (2.38)RHB Islamic Enhanced Cash (0.01) (2.40) (2.01) (1.37)HwangDBS Indochina 1.23 1.23 (1.89) 1.01 TA All Cycle Commodities Income (0.47) (0.98) (1.86) (3.89)PB China Pacific Equity 2.75 6.22 (1.84) (7.95)Hwang China Select 1.58 2.77 (1.84) 0.87 AmPan European Property Equities 1.33 6.22 (1.80) (3.26)Hwang Global Commodity 0.38 1.78 (1.20) (6.26)Areca Recovery Growth Fund 1.96 2.64 (1.17) (3.26)PruGlobal Basics 1.29 3.26 (1.10) 4.71 OSK-UOB Flexifund Money Market RMB 0.54 (2.73) (1.06) 2.13 Hong Leong Global Value 0.45 1.87 (1.03) 2.84 OSK-UOB Asia Consumer 1.05 2.87 (0.93) (7.58)TA Select Titans In Asia Capital Prot (0.16) 0.87 (0.81) 3.65 AmCommodities Extra 0.66 1.63 (0.79) (0.96)
Date Country Events Highlight Current Consensus
17-Feb-12Friday
Singapore Exports / Trade Balance (Jan) $44.62b / $7.61b
Singapore Industrial Production )Jan, yoy) 12.6%
Euro Zone Current Account Balance (Dec) ($1.8b)
Taiwan M2 Money Supply )Jan, yoy) 5.01%
US Core CPI / CPI (Jan) 0.0% / 0.1%
US Leading Index 0.4%
Date Country Events Highlight Current Consensus
20-Feb-12Monday
Japan Exports / Trade Balance (Jan) (8.3%) / ($496.5b)
Thailand 4Q GDP (qoq / yoy) 0.5% / 3.5%
Japan Leading Index (Dec, f) 93.2
Hong Kong CPI (Jan, yoy) 5.7%
Thailand Exports / Trade Balance (Jan, yoy) (2.0%) / ($2.13b)
Market Closed US
21-Feb-12Tuesday
Singapore Wholesale Sales (4Q, qoq) (1.6%)
Hong Kong Unemployment Rate (Jan) 3.3%Japan All Industry Index (Dec)
Euro Zone Industrial / Consumer / Economic / Services Confidence Index (Feb)
(7.2) / (20.7) / 93.4 / (0.6)
22-Feb-12Wednesday
Malaysia CPI (Jan, mom/yoy) 0.1% / 3.0%
China Notional Bureau of Statistics of China Annual Statistical Communique
China HSBC PMI Manufacturing (Feb) 48.8Taiwan Unemployment Rate (Jan) 4.18%
Hong Kong 4Q GDP (qoq / yoy) 0.3% / 3.0%
Taiwan 4Q GDP (qoq / yoy) (0.25%) / 1.9%
Euro Zone Industrial New Orders (Dec, mom) (1.3%)
US Existing Home Sales / Inventories (Jan) 4.61m / 2.38m
23-Feb-12Thursday
Singapore CPI (Jan, mom/yoy) 5.5% / 0.0%
Hong Kong Exports / Trade Balance (Jan) $271.8b / ($48.9b)
Taiwan Industrial Output (Jan, yoy) (8.15%)
US Initial / Continuing Jobless Claims (weekly)US FHFA Housing Price Index (Dec) 1.0%
Aim for success, not perfection. Never give up your right to be wrong, because then you will lose the ability to learn new things
and move forward with your life. Remember that fear always lurks behind perfectionism.
1TEAM, 1VISION
The ZEN T.E.A.M.http://thezenteam.blogspot.com
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