Morning News & Views - Asia: A Summary of Select Global Markets Research

Research evidence excerpt

Morning News & Views - Asia: A Summary of Select Global Markets Research

wth surged to 43.9% from 14.4%, with improvements fairly broad-based, resulting in the goods trade

surplus narrowing sharply to MYR14.9bn from MYR39.9bn. We maintain our above-consensus 2026 GDP growth forecast of 5.2%,

led by robust domestic demand and a sustained global tech uptrend, and we see upside risks. Export growth rose further in June.

Export growth rose to a lower-than-expected but still-strong 45.4% y-o-y in June (Consensus: 47.3%; Nomura: 51.7%) from 44.7%

in May (see AsiaInsights-Malaysia:ExportgrowthrosesharplyinMaywhileinflationpickedup, 19 June 2026). Domestic export

growth increased to 44.6% from 41.4%, while re-export growth eased to 48.7% from 57.8%. This brings Q2 export growth to 42.4%,

which is up significantly from 12.6% in Q1.

First Insights - Canada: June CPI Review

Ruchir Sharma - NSI

Headline CPI slowed to 2.8% y-o-y (Consensus: 2.9%) in June from 3.2% in May, as energy-related price pressures abated in the

month. Measures of core inflation continued to cool in June. The average of the BoC’s preferred core inflation measures eased to

1.9% y-o-y from 2.0%, the lowest since December 2020, while alternative core measures remained comfortably within the BoC’s 1–

3% target range. Shelter inflation moderated as declines in mortgage interest costs, utilities, and homeowners’ replacement costs

more than offset a modest pickup in rent inflation. Overall, the data suggest underlying price pressures remain contained, with little

evidence of spillovers from higher energy prices. We continue to expect the BoC to remainonholdthrough2026. Headline inflation

slows as energy prices decline Headline CPI inflation eased to 2.8% y-o-y (Consensus: 2.9%) in June from 3.2% in May, as energy