Imagine you are a currencies or commodities trader in London in the year 2050. What do you think would be happening at about 10am?
There is a very real chance you would be winding down towards the quiet time in your market, even finishing your shift. In roughly three-and-a-half hours’ time, things would start to crank up again when New York came on line for what would be the beginning of the next global trading day.
This picture tells you a lot about what the “Asian century” will look like, according to Warren Hogan, chief economist at Australian bank ANZ.
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