SEB's Victorino on Asian Strategies

The video discusses the US infrastructure bill's impact on global markets, particularly in Asia. It highlights the bill's long-term nature and its muted immediate effects. The discussion shifts to currency trends, with a focus on the dollar and euro. China's economic risks, including the delta variant and credit impulse, are analyzed. Southeast Asia's challenges, especially Thailand's tourism and current account issues, are explored. Finally, South Korea's economic outlook, job market, and potential monetary policy changes are examined.

What is the expected immediate impact of the US infrastructure bill on Asian markets?

• A significant boost in market prices

• A muted impact due to its long-term nature

• A decrease in industrial sector performance

• An immediate increase in inflation

What recent trend has been observed in the dollar's strength?

• A bearish trend

• A bullish trend

• A declining trend

• A neutral trend

What is the expected trend for the euro by the end of Q3?

• Depreciation to 1.10

• Appreciation to 1.16 to 1.20

• Stability at 1.15

• Depreciation to 1.05

What is the primary risk affecting China's economic momentum?

• Trade tensions

• Policy misstep

• Delta variant

• Regulatory crackdown

What factor is crucial for restoring investor confidence in Southeast Asia?

• Stronger currency policies

• Increased industrial output

• Effective virus outbreak management and vaccine rollout

• Higher tourist revenues