UK Housing Market Update Australian experience does not alter the outlook for UK house prices In common with the UK, house prices in Australia have also staged a surprising recovery this year. Both markets suffer from structural housing supply shortages, so this could suggest that we are being... 20th October 2009 · 1 min read
Asia Economics Update Singapore upswing to stay strong despite 2010 risks Asia’s second Q3 GDP release showed Singapore’s recovery remained powerful. We expect the upswing to stay strong for some time, even though manufacturing will be thrown around by the volatile... 12th October 2009 · 1 min read
Asia Economics Update Korean rates set to stay low The Bank of Korea (BoK) left its policy rate unchanged today, as expected. Mortgage lending curbs are tackling property bubble concerns and core inflation will likely trend lower. Korea’s GDP recovery... 9th October 2009 · 1 min read
Asia Economics Update Indian rupee on a roll that looks set to continue The rupee has climbed 3% against the US dollar over the last few days which, by recent standards, is a big move. We have long expected the appreciation and more looks on the way as India’s balance of... 7th October 2009 · 1 min read
Asia Economics Update Australian rate-tightening cycle will be modest The Reserve Bank of Australia (RBA) raised its cash rate to 3.25% today, sooner than most had expected. Markets are now pricing in further rate rises back up to a “neutral” level of 5.0-5.5% by late... 6th October 2009 · 1 min read
Asia Economics Update Bank Indonesia holds rates but probably not for much longer Bank Indonesia (BI) left its overnight lending rate at 6.5% today, as expected, and retained its neutral bias. But inflation looks set to rise sharply over the next few months and we believe that the... 5th October 2009 · 1 min read
Asia Economics Update PMIs add to impression of Asian strength Asia’s PMI releases today add to the weight of evidence that Asia’s recovery has plenty of positive momentum. 1st October 2009 · 1 min read
Asia Economics Update First Philippine rate rise likely in Q2 2010 Today the Philippines’ central bank, as expected, left its policy rate unchanged at 4% and retained a neutral bias. The economic impact of Tropical Storm Ketsana should be small and the GDP upswing is... 1st October 2009 · 1 min read
China Economics Update PMIs add to impression of Asian strength Asia’s PMI releases today add to the weight of evidence that Asia’s recovery has plenty of positive momentum. 1st October 2009 · 1 min read
Asia Economics Update Thailand’s recovery still up and running, but pauses for breath Thailand’s recovery faltered in August but GDP still looks on track to climb in Q3. Investment and household spending will continue to lead the way and will offset yet another drag from net exports. 30th September 2009 · 1 min read
Asia Economics Update Vietnam’s impressive rebound threatens overheating Vietnam is always the first in Asia to publish quarterly GDP and the Q3 data published today showed that its economic recovery is gaining strength. The improvement, as in China, is coming on the back... 29th September 2009 · 1 min read
Asia Economics Update Deflation threat to keep Taiwan rates on prolonged hold With deflation still a lingering threat, interest rates will probably remain at their current low level in Taiwan until well after they start to climb elsewhere in the region. 24th September 2009 · 1 min read
Asia Economics Update New Zealand's upswing will likely disappoint Today’s data show New Zealand left recession behind in Q2 2009, when GDP climbed in q/q terms for the first time since Q4 2007. Sustained recovery should be expected but the upswing will probably be... 23rd September 2009 · 1 min read
Asia Chart Pack Strong GDP growth likely and further currency gains (Sep 09) GDP growth across the region is likely to stay strong over the next few quarters as foreign conditions continue to improve and domestic demand stays resilient. Sustained capital inflows, higher... 21st September 2009 · 1 min read
Global Markets Update Indian bond yields will rise further next year Investors are becoming increasingly convinced that the Reserve Bank of India (RBI) will be one of the first central banks in Asia to begin hiking rates. However, we still think they may be... 17th September 2009 · 1 min read
Asia Economics Focus Vietnam is back on track and set for strong growth The Vietnamese economy grew rapidly from 1995 to mid-2008 on the back of China-style free market reforms which have lifted exports and foreign investment, and brought a big reduction in poverty levels... 16th September 2009 · 1 min read
