Thanksgiving edition 🦃
Andrew Sheves Good morning.
We’re celebrating Thanksgiving so it’s just the data and ratings today, no news.
A quick ask
*There’s a poll at the bottom of the email and it would be incredibly useful if you could take 30 seconds to let us know how we’re doing. Good, bad, ugly? Just let us know. Thank you *🙏
Commodity and Rate Snapshot
🛢️** Crude Futures (WTI)**
$69.19
💵 **USD:EUR **
$1.055 (Price of 1EUR in USD)
₿ Bitcoin
$95,543
As at Nov 28, 07:00ET -Data is illustrative, not for decision-making.
Financial data via Bloomberg, Freightos and AlphaVantage
Asia Stability Ratings and News Summary
More Unstable
🇦🇫 Afghanistan, 🇦🇲 Armenia, 🇦🇿 Azerbaijan, 🇧🇭 Bahrain, 🇧🇩 Bangladesh, 🇧🇹 Bhutan, 🇰🇭 Cambodia, 🇨🇳 China, 🇹🇱 East Timor, 🇬🇪 Georgia, 🇮🇳 India, 🇮🇩 Indonesia, 🇮🇷 Iran, 🇯🇵 Japan, 🇰🇿 Kazakhstan, 🇰🇬 Kyrgyzstan, 🇱🇦 Laos, 🇲🇾 Malaysia, 🇲🇻 Maldives, 🇲🇲 Myanmar, 🇳🇵 Nepal, 🇰🇵 North Korea, 🇵🇰 Pakistan, 🇵🇭 Philippines, 🇸🇬 Singapore, 🇰🇷 South Korea, 🇱🇰 Sri Lanka, 🇹🇼 Taiwan, 🇹🇯 Tajikistan, 🇹🇭 Thailand, 🇹🇲 Turkmenistan, 🇦🇪 United Arab Emirates, 🇺🇿 Uzbekistan, 🇻🇳 Vietnam
More Stable
No countries were more stable over this period
Unchanged
🇧🇳 Brunei, 🇰🇼 Kuwait, 🇲🇳 Mongolia, 🇴🇲 Oman, 🇶🇦 Qatar
Regional News Summary
Singapore’s economy continues to demonstrate resilience, with a reported growth rate of 3.5% and a positive outlook for its financial markets. The government is actively working to diversify its economy, notably through initiatives to revive the fish farming sector and attract foreign investment, exemplified by Morgan Stanley’s establishment of a new Southeast Asia headquarters in the city-state [SOURCE - Investing]. Additionally, Singapore’s inflation rate has fallen to its lowest since March 2021, providing further optimism for economic stability [SOURCE - CNBC].
However, the political landscape is shifting as former Prime Minister Lee Hsien Loong steps down as the chief of the People’s Action Party, handing over leadership to Lawrence Wong. This transition underscores the importance of orderly political handovers in maintaining stability in a rapidly changing world [SOURCE - Channel News Asia].
In contrast, tensions are escalating in Taiwan as China intensifies its military incursions into the Taiwan Strait, prompting Taiwan to bolster its military readiness [SOURCE - Times of India]. The United States is responding by drawing up contingency plans for a potential Taiwan emergency, reaffirming its commitment to regional security [[SOURCE - Economic Times]](https://economictimes.indiatimes.com/news/international/world-news/us-drawing-up-contingency-plans-for-taiwan-emergency-kyodo/articleshow/115644752.cms?utm_source=news
Carpe tomorrow!