Asian Midday Marketwatch – Tradable asset vs investable asset

Asian Midday Marketwatch with Jeffrey Halley.

Jeff shares his views on regional markets performances and his insights on key issues namely:

• Japan’s economy saw 1.9% annualised growth, higher than the initial estimate for a 1.3% rise, revised government data showed Wednesday. The revised GDP estimate was higher than economists median forecast in a Reuters poll for a 1.6% annualised growth.
• Markets in Japan pricing in further stimulus.
• China markets have stimulus hope as well.
• The price of bitcoin fell Tuesday after breaking through US$52,000 late Monday, reaching its highest level since May.
• The price action comes as El Salvador officially adopts the largest cryptocurrency by market cap as legal tender, becoming the first country to do so.
• Oil Markets and how it may be impacted by slowing growth globally.

Guest: Jeffrey Halley, Senior Market Analyst Asia Pacific at OANDA

Presenter: Brian Fernandez

Check out more Asian Midday Marketwatch here