Australia & New Zealand Rapid Response Australia Household Spending (Q2/June 2026) With headwinds to private consumption still looming, we doubt that the moderate pickup in household spending last quarter will move the needle for the RBA. Our base case remains that the Bank is done... 4th August 2026 · 2 mins read
Equities Update Indian equities to outperform amidst global AI sell-off We think that strong fundamentals and India’s lower exposure than many to AI stocks will lead the MSCI India to outperform all other markets over the next 18 months. 3rd August 2026 · 4 mins read
Capital Daily FX intervention, US-Iran pause (again), & US payrolls US economic policy has taken a strange turn but we think the underlying dynamism of the US economy and stock market will win out in the coming months. Events in the Strait of Hormuz continue to be... 3rd August 2026 · 5 mins read
Asia Economics Update PMIs point to strong growth and easing price pressures The early July data for Asia were generally encouraging. Manufacturing surveys remained upbeat and, together with another strong set of Korean trade figures, suggest that booming electronics exports... 3rd August 2026 · 2 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (August 2026) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Data released over the past month showed that Australia's labour market, housing market, and... 3rd August 2026 · 1 min read
Australia & New Zealand Economics Update Housing downturn will prevent further rate hikes Australian house prices kept falling at a rapid pace in July. With affordability still very stretched and leading indicators flashing red, the downturn has much further to run. 3rd August 2026 · 3 mins read
China Economics Weekly Chipmaking progress doesn’t change bigger picture While news this week that a Chinese firm has started to mass-produce advanced lithography machines is a momentous development for chipmaking in China, China's hardware lag is still significant. As a... 31st July 2026 · 5 mins read
Asia Economics Weekly BI independence concerns, SBP on hold Bank Indonesia Governor Perry Warjiyo’s surprise resignation at the start of the week has raised further concerns over central bank independence, but markets have remained calm given the appointment... 31st July 2026 · 6 mins read
China Rapid Response Hong Kong GDP (Q2 Preliminary) Hong Kong’s economy expanded by 4.3% y/y in Q2. While strong on paper (the economy grew by 3.5% last year), that simply reflects flattering base effects and the impact of last quarter’s bumper growth... 31st July 2026 · 2 mins read
India Economics Weekly Monsoon risks to inflation remain significant After the driest June in over a decade, India has received healthier monsoon rainfall in July, while the government has ample stocks of key staples such as rice. But the inflation risk remains... 31st July 2026 · 3 mins read
Japan Economics Update Ueda opens door to September BoJ rate hike In response to Governor Ueda’s hawkish comments, we’re bringing forward our forecast for the next rate hike from October to September. That would imply a marked acceleration in the Bank’s tightening... 31st July 2026 · 3 mins read
Japan Economics Weekly Sales tax suspension adds to fiscal concerns While the government’s decision to press ahead with lowering the sales tax on food next year will reduce headline inflation sharply, we don’t think it will have major consequences for the outlook for... 31st July 2026 · 5 mins read
Japan Rapid Response Bank of Japan Meeting (Jul. 26) While the BoJ left interest rates unchanged as widely anticipated, the accompanying Outlook report was hawkish and we’re sticking to our non-consensus view that the Bank will lift interest rates to 2%... 31st July 2026 · 2 mins read
China Rapid Response China PMIs (Jul. 2026) The unofficial manufacturing PMI declined in July but by less than its official counterpart, suggesting that factory activity is holding up better in the eastern provinces that depend more heavily on... 31st July 2026 · 3 mins read
Australia & New Zealand Economics Weekly RBA is done hiking rates Underlying inflation in Q2 didn’t pick up nearly as much as the RBA had expected. Although the path to disinflation is likely to be bumpy, we think the Bank will judge policy sufficiently restrictive... 31st July 2026 · 5 mins read
