A disruption of natural gas supplies to Europe by an escalation of Russia’s military action in Ukraine may boost LNG demand and prices in Asia and South America, according to Societe Generale SA and Morgan Stanley.
Chinese stocks listed in Hong Kong fell to a three-week low as the national legislature began its annual meeting and concern mounted that the country may be facing its first onshore corporate bond default.
Asian stocks fell, with the regional benchmark index posting its longest streak of weekly losses in more than 1 1/2 years, amid concern earnings growth will miss estimates on signs of weakness in China’s economy.
Shane Oliver, Sydney-based head of strategy at AMP Capital Investors Ltd., which has about $126 billion under management, comments on the outlook for Bank of Japan policy following today’s decision to maintain asset purchases. He also discussed his forecast for Japanese equities, speaking in a telephone interview.
Xi Jinping today completes his first year as China’s leader with the greatest individual sway over his nation since Deng Xiaoping, a feat that raises the stakes on delivering on pledges for economic and social change.