Commodities Update Signs of a gold bubble in China point to higher volatility The growing use of leverage and futures trading to gain exposure to gold in China suggests that the recent increase in Chinese gold demand is more consistent with a speculative bubble inflating rather... 12th February 2026 · 4 mins read
India Economics Update Revamped CPI series reduces risk of policy mistakes We doubt that India’s revamped consumer price data will change the near-term monetary policy outlook. The real benefit lies further ahead; the new series does a better job of capturing economic... 12th February 2026 · 3 mins read
Australia & New Zealand Economics Update RBNZ will start normalising policy in Q2 2027 The RBNZ will leave rates on hold at 2.25% at its meeting on 18th February. With the latest data suggesting that the balance of risks to the economic outlook has shifted somewhat to the upside, we’re... 11th February 2026 · 4 mins read
China Rapid Response China Consumer & Producer Prices (Jan. 2025) Consumer price inflation eased due to a later Lunar New Year. But it is likely to bounce back in February. And producer price inflation, which is less seasonal, improved. The recent uptrend on both... 11th February 2026 · 2 mins read
APAC Commercial Property Update RICS survey shows APAC sentiment on an uptrend The Q4 RICS Commercial Property Survey showed sentiment for Asia-Pacific stayed on an uptrend, though it hasn’t yet turned positive. Mainland China remained a significant drag on the region, while... 10th February 2026 · 3 mins read
Capital Daily Takaichi’s triumph, UK drama, US data: what it means for markets Calm may be on the way for Japan’s markets now the election is out of the way: we don’t expect a further sell-off in JGBs and forecast a stronger yen. But renewed political turmoil in the UK might be... 9th February 2026 · 6 mins read
Australia & New Zealand Rapid Response Australia Monthly Household Spending Indicator (Dec. 25) Although Australian households pared back spending at the end of last year, that doesn't take away from the bigger picture that the economy is running too hot for the RBA's liking. Accordingly, we... 9th February 2026 · 2 mins read
Japan Economics Update Your questions on Japan’s snap elections answered Prime Minister Sanae Takaichi has secured the largest victory for her LDP in post-war history in yesterday’s snap election. This Update answers the questions most frequently asked by clients. We will... 9th February 2026 · 4 mins read
Japan Rapid Response Japan Labour Cash Earnings (Dec. 2025) Wage growth edged up a notch towards the end of last year, and we think it will gain further momentum in the months ahead. Accordingly, the Bank of Japan is likely to press ahead with additional... 9th February 2026 · 2 mins read
Asia Economics Update Thailand votes for stability, but growth to stay weak Thailand’s election result should help reduce political risk in the near term but does little to change the challenging economic outlook. The real test for the next government will be whether it can... 8th February 2026 · 3 mins read
Latin America Economics Weekly China-Panama rupture, precious metals & Lat Am The Panamanian Supreme Court’s decision to annul the licences that allowed a Hong Kong based firm to operate in the Panama Canal has been met with a backlash from China. While it’s not clear if China... 6th February 2026 · 5 mins read
China Economics Weekly Local governments plan to keep tightening their belts China’s provincial governments have now concluded the annual meetings at which they set economic targets and lay out fiscal plans. They anticipate slower GDP growth this year and plan to continue with... 6th February 2026 · 6 mins read
India Economics Weekly A pivotal (and positive) week The net result of an extraordinary week encompassing the FY26/27 Union Budget, an RBI meeting and an announcement of a trade deal with the US is that both near-term and long-term economic prospects... 6th February 2026 · 5 mins read
Asia Economics Weekly Indonesia’s GDP rebound, Asian elections in focus Q4 GDP growth in Indonesia surprised on the upside at 5.4% y/y, the fastest pace since 2022 and a rare break from the strikingly narrow growth range seen over the past two years. However, given... 6th February 2026 · 5 mins read
India Economics Update RBI easing cycle comes to an end The Reserve Bank of India (RBI) kept the repo rate unchanged today at 5.25% and sounded a touch more confident on the growth outlook. With a key downside risk to growth having abated, thanks to the... 6th February 2026 · 3 mins read
