India Economics Update

RBI will begin cutting the repo rate in April

The Reserve Bank of India’s (RBI’s) decision to keep the repo rate unchanged at 6.50% today highlights its unease at the current rate of headline inflation. Admittedly, the lowering of the cash...

6th December 2024 · 2 mins read

Japan Economics Weekly

Japan: December rate hike still looking more likely than not

Conflicting messages by the Bank of Japan have once again left the outcome of the Bank's December meeting wide open, but on balance we're sticking to our forecast of another rate hike in a couple of...

6th December 2024 · 6 mins read

India Rapid Response

Reserve Bank of India Policy Announcement (Dec.)

6th December 2024 · 2 mins read

Australia & New Zealand Economics Weekly

Despite sluggish activity, RBA will only cut in May

With Australian Q3 GDP data underperforming expectations, markets now think the RBA could begin its easing cycle as soon as April. To be sure, it is certainly the case that private demand showed few...

6th December 2024 · 5 mins read

Japan Rapid Response

Japan Labour Cash Earnings (October 24)

Base pay rose the most since 1992 in October and we think it will continue to hold strong through to the end of next year

5th December 2024 · 2 mins read

Capital Daily

Chinese equities may continue to lag those in the US

Despite their low absolute and relative valuations, we think China’s equities will continue to lag their US counterparts over the coming year.

5th December 2024 · 4 mins read

Asia Economics Update

Five questions (and answers) on Korea’s political crisis

President Yoon Suk Yoel has rescinded his declaration of martial law, but Korea’s political crisis is far from over. The opposition are now trying to impeach the president, while financial markets...

4th December 2024 · 3 mins read

RBA Watch

RBA will wait until May before cutting rates

The RBA will leave interest rates unchanged at its upcoming meeting on 10 th December. While the weakness in economic activity points to rate cuts before long, we think the Bank will need to see...

4th December 2024 · 7 mins read

Capital Daily

Market implications of the drama in Korea

This early edition of the Capital Daily outlines our initial thoughts on the market implications of the political drama in Korea.

4th December 2024 · 4 mins read

Australia & New Zealand Rapid Response

Australia GDP (Q3 2024)

GDP growth remained sluggish in the third quarter, adding to the case for the RBA to start easing policy before long.

4th December 2024 · 2 mins read

Event

Asia Drop-In: Korea political crisis – Macro and market implications

4th December 2024, 8:00AM GMT

President Yoon Suk Yeol’s declaration of martial law – and parliament’s vote to reverse it – has plunged Asia’s fourth largest economy into crisis and triggered turmoil across

Asia Economics Update

Korea’s president declares martial law

The declaration of martial law by Korea’s president is an extraordinary step that seems likely to trigger either the suspension of Constitutional democracy in Korea or the president’s own rapid...

3rd December 2024 · 4 mins read

Japan Economic Outlook

Bank of Japan will hike rates to 1.25% by end-2026

We now expect inflation excluding fresh food and energy to remain above the Bank of Japan’s target for most of next year as the yen remains weak for longer and the upcoming spring wage negotiations...

3rd December 2024 · 18 mins read

Global Markets Update

New forecasts for Japan’s financial markets

We now think the 10-year JGB yield will rise further, the yen will make more ground against the US dollar, and Japan’s equities will struggle to make much headway (in yen terms).

2nd December 2024 · 3 mins read

Asia Economics Update

Asia Manufacturing PMIs, Korea Trade (November)

The November PMIs for Asia remained weak and are consistent with our expectation for manufacturing activity in the region to remain subdued in the near term. The data also showed a modest pick-up in...

2nd December 2024 · 2 mins read