Roses are red，Violets are blue... China Infrastructure:PPP story not over, positive outlook intact; Buy constructors Asia PC Sector:Robust demand; risk on currency and competition Hong Kong/China Property Daily GEMs Super 15 - portfolio change:Removing Lukoil, Moscow Exchange and Sberbank;holding USD cash Politics Influence France’s Sharp Rise in Market-Based Sovereign Risk Markets Overview FX Insights A Summary of Select Global Markets Research Fed normalisation of interest rates in 2017/2018 to end 7 year outperformance of S-REITs