Asian Business Sentiment Rises Towards Optimism in Q4 2019 - Forex News by FX Leaders
Asian Business Sentiment Rises Towards Optimism in Q4 2019

Asian Business Sentiment Rises Towards Optimism in Q4 2019

Posted Wednesday, December 18, 2019 by
Arslan Butt • 1 min read

A recent survey by Thomson Reuters and INSEAD reveals a significant lift in the sentiment among Asian businesses. The Thomson Reuters/INSEAD Asian Business Sentiment Index soared 13 points higher to 71 in Q4 2019, the highest levels seen in 18 months.

A figure above 50 denotes optimism among businesses and this figure has lifted up from a near 10-year low touched in the previous quarter, moving from neutral outlook. However, the uncertainty surrounding the trade war hasn’t completely vanished from the markets yet even though the US and China announced the phase one trade deal last week.

While business conditions and hopes have risen since the past quarter, the tensions could take a few years to recede completely. The IMF has already cautioned that global economic growth could slow to the lowest levels since the financial crisis a decade ago.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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