Ravinder Kaur

Institutional Business Development Manager, CMC Markets Singapore

The Asian middle class is staging a comeback. Structural and cyclical forces are converging across China, Japan, India, and Southeast Asia, with early signals already emerging throughout 2025. But Indonesia presents a cautionary tale.

Is 2026 the start of the world’s next consumer super-cycle?

The next global bull market may be driven by 3.5 billion Asians earning more, travelling more and spending more