Capital Daily China’s stimulus may not offer a lasting boost to stocks Policymakers in China announced major monetary and financial policy stimulus measures today, but we doubt these will be enough to drive a sustained rebound in China’s struggling stock market. 24th September 2024 · 5 mins read
Australia & New Zealand Economics Update RBA will only cut rates in first half of next year The RBA didn’t discuss a rate hike at today’s meeting for the first time since March but reiterated its pledge that it won’t cut interest rates “in the near-term”. While the risks are starting to tilt... 24th September 2024 · 3 mins read
Japan Economics Update Incoming PM unlikely to veto further rate hikes The government tried to prevent the Bank of Japan from hiking interest rates in 2000 but that attempt was unsuccessful and the government has respected the Bank’s independence ever since. Renewed... 24th September 2024 · 5 mins read
China Rapid Response Stimulus package a step in the right direction In a departure from their previous approach of drip-feeding piecemeal support measures, China’s financial regulators have just announced a coordinated package of stimulus measures. This is a step in... 24th September 2024 · 4 mins read
Asia Economic Outlook Policy easing to gather pace We are expecting another year of below-trend economic growth in 2025 across Asia, as subdued exports, worsening labour markets and tighter fiscal policy weigh on demand. Inflation is back to target... 23rd September 2024 · 28 mins read
Commodities Update Weaker demand for coal set to cool prices in 2025 The imminent closure of the UK’s last coal power plant is a further reminder that thermal coal’s days in Europe are numbered. In Asia, coal will remain a major source of power for many years to come... 23rd September 2024 · 3 mins read
China Economics Weekly Fed pivot offers limited relief, holiday spending falls flat Fed rate cuts will be welcomed by Chinese policymakers as they make it easier for property developers to service their dollar debt and reduce the need for PBOC intervention to defend the renminbi. But... 20th September 2024 · 5 mins read
Climate Economics Update China green exports hit another fresh high Our proprietary measure of China’s green export volumes continued to rise in August to a new record high. Given that the EU tariffs have so far barely made a dent into China’s electric vehicle exports... 20th September 2024 · 2 mins read
India Economics Weekly Fed easing, Q4 Outlook, Sensex surge The start of the Fed's easing cycle won't automatically cause the RBI to follow suit; we still think it will keep rates on hold in its next meeting in October. But the right domestic conditions will... 20th September 2024 · 3 mins read
Japan Economics Weekly Will Japan have its first female prime minister? Economic Security Minister Sanae Takaichi is seen as the most suitable candidate for Prime Minister, though the race remains wide open. While she has opposed any policy tightening by the Bank of Japan... 20th September 2024 · 3 mins read
Capital Daily Another BoJ jump-start for the yen seems less likely While we do think the Bank of Japan will surprise with another hike this year, we suspect it will coincide with a more gradual strengthening of the yen rather than the sharp rally we saw last time. 20th September 2024 · 4 mins read
Japan Economics Update Bank of Japan will hike rates once more in December The Bank of Japan today signalled that it’s in no rush to tighten monetary policy any further and we’re pushing back our forecast for a final rate hike to 0.5% from October to December. 20th September 2024 · 3 mins read
Asia Economics Weekly Sri Lanka election risks, new Indonesia rate forecast Sri Lanka has enjoyed a steady, if unspectacular recovery from the 2022 debt default crisis. However, this progress could be put at risk depending on the results of this weekend’s presidential... 20th September 2024 · 6 mins read
Australia & New Zealand Economics Weekly Tight labour market will delay interest rate relief The August labour force release provided little justification for the RBA to renege on its pledge to keep interest rates unchanged at least until the end of the year. Not only is employment growth on... 20th September 2024 · 4 mins read
