India Data Response Manufacturing PMI (Sep.) The fall in India’s manufacturing PMI reading in September highlights the fact that, despite recent signs of a recovery in activity, local industry continues to face significant headwinds. 1st October 2015 · 1 min read
Asia Data Response Manufacturing PMIs (Sep.) Emerging Asia's PMIs remained weak in September, but in the three economies where the PMIs most closely track the hard data, the surveys suggest that manufacturing conditions may be slowly turning a... 1st October 2015 · 1 min read
Asia Economics Update Panic subsides, but pessimism lingers Although the China-led panic that swept through Asian markets in August has subsided over the past month, most of the region’s currencies and equity markets still recorded losses. Investor sentiment... 30th September 2015 · 1 min read
India Economics Update Finance Ministry begins to see the bigger picture The Finance Ministry’s combative approach to some key issues, including the retrospective taxation of foreign companies and the potential composition of the proposed monetary policy committee, has... 30th September 2015 · 1 min read
EM Valuations Monitor Dollar bond credit spreads unlikely to balloon We do not expect the stripped spread of the JP Morgan EMBI Global Index to rise much further. But with US Treasury yields likely to increase substantially in the months ahead, we think the overall... 29th September 2015 · 1 min read
India Economics Update RBI front-loads policy loosening The Reserve Bank of India’s (RBI’s) decision to cut the repo rate by 50bp today, to 6.75%, went beyond what most had expected. But having stated that its attention will now turn to its medium-term... 29th September 2015 · 1 min read
Emerging Markets Activity Monitor EM growth slower, but not collapsing Emerging market (EM) growth has slowed further recently, but there is no sign of the collapse that some are talking about. In fact, there is tentative evidence that EM growth has begun to stabilise. 29th September 2015 · 1 min read
Asia Data Response Vietnam GDP (Q3) Vietnam’s economy recorded another quarter of healthy growth in Q3, and stands out as one of the few countries in the region that has shrugged off the global slowdown in trade. We expect it to remain... 29th September 2015 · 1 min read
Emerging Europe Economics Update Currency falls compound inflation troubles for some EMs While inflation in the EM world is low on average, there are big divergences. In particular, many of the economies already struggling with high inflation are also those that have seen their currencies... 28th September 2015 · 1 min read
Frontier Markets Wrap Another drop in frontier market currencies Uncertainty over the outlook for monetary policy in the US and renewed concerns about the health of China’s economy are weighing heavily on frontier market currencies. The weakest currency has again... 25th September 2015 · 1 min read
Metals Watch India’s new gold schemes not yet a game changer On 10th September the Indian parliament approved the launch of the Gold Monetisation Scheme (GMS) and the Sovereign Gold Bond Scheme (SGBS). The GMS and the SGBS have been introduced in an attempt to... 25th September 2015 · 1 min read
Asia Economics Weekly Vietnam – a rare bright spot At a time when growth in most of Emerging Asia is slowing, Vietnam stands out as one of the region’s few bright spots. Although we expect the country’s strong performance to continue over the next... 25th September 2015 · 1 min read
Asia Economics Update Taiwan cuts rates, further loosening unlikely A sharp slowdown in growth and very weak price pressures were the two key factors behind the decision of Taiwan’s central bank (CBC) to cut interest rates by 12.5 basis points to 1.75% at its meeting... 24th September 2015 · 1 min read
RBI Watch Another rate cut likely With recent activity data weak and inflation low, the consensus has swung around to our long-held view that the Reserve Bank of India will cut interest rates again this year, with the upcoming meeting... 24th September 2015 · 1 min read
Asia Economics Focus The Philippines needs to invest more Economic growth across large parts of Emerging Asia has slowed over the past couple of years. One important exception to this trend is the Philippines, where a strong recent performance has raised... 23rd September 2015 · 1 min read
Asia Chart Pack Time to worry about a weak rupiah? The Indonesian rupiah has fallen again over the past week, hitting a fresh 17-year low against the US dollar. The sharp drop in the currency, which is down by a cumulative 33% since the start of 2013... 23rd September 2015 · 1 min read
