Asia is now much better prepared for any market sentiment compared to the 1990s,said Takehiko Nakao,new President of the Asian Development Bank.I think Japan is becoming stronger because the policies of the Bank of Japan are working.Prime Minister Abe is very intent on reform.What is important is to implement it and give an impression to the market that Japan is changing.
Myanmar is very important geophysically because it can connect Southeast Asia with South Asia.Its leaders are very keen on reform and we should support it.*
We can expect that Asian economies will benefit by the fact that trade will come back in 2014.Deutsche Bank is forecasting 6% greater growth and at ABN Amro,we agree with that,said Didier Duret,CIO of ABN Amro Private Banking.I think 2014 signifies the comeback of the Asian economies.
We like China very much.The industrials and electronics should do very well.The expectations are very low,so there is plenty of upside.*
India's current accounts deficit has been reduced and confidence has been coming back to the rupee.It is the best performing Asian currency the past few months,up almost 11% against the dollar.The rupee's only going to continue strengthening,analysts say.
Comex gold futures were up 0.31% Monday morning,and the MSCI Asia Pcific index rose 0.53%.*
Golden Globe Awards Highlights:
Best Picture:Drama,12 Years a Slave;Comedy or Musical,American Hustle
Best Actor:Drama,Matthew McConaughey,Dallas Buyers Club;Comedy or Musical,Leonardo Di Caprio,The Wolf of Wall Street
Best Actress:Drama,Cate Blanchett,Blue Jasmine;Comedy or Musical,Amy Adams,American Hustle
Best TV Series:Drama,Breaking Bad;Comedy or Musical,Brooklyn Nine-Nine
Best Supporting Actress:Comedy or Musical,Jennifer Lawrence,American Hustle
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