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Asia: The Week Ahead

Thursday, January 26, 2012 - 01:38

Jan. 27 - German Chancellor Angela Merkel's 2-day trip to China, PMI figures and tech earnings will be Asia's key focus in the coming week. Kei Okamura reports.

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EDITOR'S NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIAL. German Chancellor Angela Merkel kicks off a two-day trip to China with one message: Help! Whether President Hu Jintao will answer her call is uncertain. History suggests that it's unlikely after several failed attempts to raise funds from the world's second-biggest economy. Complicating matters is China's slowing growth. Official PMI figures in the coming week may show manufacturing slipped for a third straight month. And that could have an impact on Japan, Korea and Singapore, which are all due to release factory data. That's fuelling speculation of more policy action by central banks like the People's Bank of China. Finaport's Asia CIO, Hans Goetti. (SOUNDBITE) (English) FINAPORT CHIEF INVESTMENT OFFICER FOR ASIA, HANS GOETTI, SAYING: "We think the slowdown has been rather pronounced. And I think it will trigger a response by the central bank. So monetary easing seems to be in the cards and we might've seen the bottom in the Chinese stock market." India may be the exception after PMI surged to a six-month high last month, defying pessimists' views that the economy is headed for a hard landing. It's also a busy week with earnings out of Japan, Korea and Singapore. Investors will likely focus on the rivalry between Asian television makers. Sony and Panasonic are expected to nurse losses in their TV businesses while LG Electronics may report solid fourth-quarter sales at their expense. Kei Okamura, Reuters.

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Asia: The Week Ahead

Thursday, January 26, 2012 - 01:38