Market players are likely to remain in defensive mode – ING

ING released its weekly overview during early Monday and is expecting market players to remain defensive ahead of key central bank moves amid trade tension.

Key quotes

• Central bank policy meetings dominate Asian economic calendar this week. Some of them have signalled a pause in easing, some are continuing to cut rates further, and some are likely to embark on that path.
• GDP and trade releases are the other highlights, while China’s monthly data dump begins.
• Indonesia’s Finance minister Sri Mulyani Indrawati urged for a greater (policy) focus on the domestic economy reeling from the effects of the ongoing trade war.
• Thailand’s Director-general of the Fiscal Policy Office Lavaron Sangsnit said they would launch stimulus measures to prevent the economy from slowing.
• A slew of economic data on inflation, trade, and GDP this week will be significant inputs for the Bangko Sentral ng Piliipinas (BSP) policy meeting.