Japan Rapid Response Japan Labour Cash Earnings (Mar. 26) While wage growth softened a little in March, it remains strong enough to prompt the Bank of Japan to hike rates as soon as downside risks from the Iran War start to abate. 8th May 2026 · 2 mins read
Global Commercial Property Update Student housing investment set to diversify Investment in student accommodation appears to be turning a corner after several lean years. Demand fundamentals are expected to support a further recovery over the next decade, though geographic... 7th May 2026 · 4 mins read
Australia & New Zealand Economics Update Higher energy prices will lift building costs On their own, the recent surge in crude oil prices could lift construction costs by around 4%. However, the bigger picture is that in contrast to the previous energy shock in 2022, conditions in... 7th May 2026 · 3 mins read
Asia Economics Update Philippines: stagflation nation The Philippines is going through a period of stagflation, with a combination of slowing (and very weak) GDP growth and high and rising inflation placing the central bank in an unenviable position... 7th May 2026 · 3 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (May 2026) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Inflation will rise well above target in both Australia and New Zealand as a result of the oil price... 7th May 2026 · 1 min read
Australia & New Zealand Rapid Response New Zealand Labour Market (Q1 2026) The slight fall in the jobless rate in Q1 won’t change the RBNZ’s assessment that labour market is operating with substantial excess capacity. Accordingly, we continue to believe that the Bank won’t... 6th May 2026 · 2 mins read
India Economics Update West Bengal victory is pivotal for PM Modi’s BJP The key takeaway from the results of the recent round of state elections – West Bengal in particular – is that Prime Minister Modi’s BJP is weathering the energy shock without a meaningful loss of... 5th May 2026 · 3 mins read
China Rapid Response Hong Kong GDP (Q1 Preliminary) Hong Kong’s Q1 growth surprised significantly to the upside, with the economy expanding by 5.9% y/y, up from 3.8% in Q4. In seasonally adjusted, q/q terms, the economy grew by 2.9%, the fastest pace... 5th May 2026 · 2 mins read
Australia & New Zealand Economics Update RBA hikes again, but sees risks as more two-sided The RBA’s decision to hike rates again at its meeting today came as little surprise. In her post-meeting press conference, Governor Bullock argued that with policy settings mildly restrictive again... 5th May 2026 · 4 mins read
Capital Daily Tech stocks versus oil, bonds versus central banks Tech stocks have continued to power ahead despite renewed concerns around the war, but we don’t think they’re completely immune to it. Meanwhile, central bank inaction could be a threat to bond... 5th May 2026 · 6 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (May 2026) Given the potential for incoming inflation data to surprise to the upside of the RBA’s expectations, we think further policy tightening remains likely. 5th May 2026 · 3 mins read
Japan Chart Pack Japan Chart Pack (May 26) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The government’s decision to cap gasoline prices means that inflation won’t rise far above the BoJ’s... 5th May 2026 · 1 min read
Australia & New Zealand Rapid Response Australia Household Spending (Mar./Q1 2026) With household spending holding up well in the face of the oil price shock, the RBA is unlikely to have major qualms about tightening policy further. 5th May 2026 · 2 mins read
Global Economics Update Central banks indicate rising risk of near-term hikes We recently hosted an online Drop-In session to review the latest Fed, ECB and Bank of England decisions and what their communications imply for the future. (Recording available here.) This Update... 1st May 2026 · 6 mins read
