AGP Executive Report
Last update: 8 hours agoIndonesia Markets: CIMB expects Bank Indonesia to raise rates by 25 basis points this week as the rupiah weakens and a proposed MSCI downgrade fuels fears of $2–3 billion in passive outflows. The Jakarta index plunged 11.6% on Friday. China Growth: The economy grew 4.5% year over year in the third quarter, beating forecasts as exports offset weak consumer demand and a deepening property slump. UK Business: Profit warnings rose to 65 in the third quarter, the highest since late 2024; rising costs and policy or geopolitical uncertainty were the most cited pressures. US Housing: Builder sentiment fell to its lowest level since 2012, as higher mortgage rates, material costs and labor shortages weigh on demand and construction. Wall Street: Investors are weighing major tech earnings and AI spending against persistent inflation and expectations of further Fed tightening, keeping markets on edge.
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