BNP Paribas Expects US to Cut Interest Rates Twice This Yr by 25 Bps Each; HK Stocks Lack Catalysts in Near Term
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2025/06/10 07:58 GMT
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Prashant Bhayani, Chief Investment Officer of Asia at BNP Paribas Wealth Management, expected the US 2025

GDP
 to fall 1.5% YoY, and
CPI
 to hike 3% YoY. The Fed is also estimated to cut interest rates by 25 bps in September and December 2025, with 2 rate cuts next year.

As for Hong Kong stocks, Grace Tam, Chief Investment Advisor of Hong Kong at BNP Paribas Wealth Management, believed that the market has high expectations for the US-China talks, but the actual outcome may not be as progressive as expected.

Related NewsOvernight Shibor Drops 0.3 bps to 1.366%
The HSI also lacks catalyst recently, and hovered between 22,000 and 23,000. When the index rises above 23,000, investors will become more cautious or take profits.

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BNP Paribas Expects US to Cut Interest Rates Twice This Yr by 25 Bps Each; HK Stocks Lack Catalysts in Near Term
Prashant Bhayani, Chief Investment Officer of Asia at BNP Paribas Wealth Management, expected the US 2025 GDP to fall 1.5% YoY, and CPI to hike 3% YoY. The Fed is also estimated to...
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