Capital Daily

Two questions (and answers) on today’s Asian market drama

The yen surged today, and some Asian equity indices plunged, as investors worried about a “hard landing” in the US economy. We think there are two key questions to consider.

5th August 2024 · 5 mins read

Asia Rapid Response

Indonesia GDP (Q2, 2024)

The national accounts data released today suggest that economic growth remained broadly stable last quarter, but we don’t have much faith in the official data. With economic activity set to weaken in...

5th August 2024 · 2 mins read

Japan Economics Focus

Rental growth will continue to lag income growth

While faster wage growth should eventually result in a significant pick-up in rental inflation, it seems likely that rental growth will trail income growth for the foreseeable future. That means that...

5th August 2024 · 9 mins read

FX Markets Chart Pack

FX Markets Chart Pack (Jul. 2024)

The US dollar has remained rangebound against most other major currencies in July, even as expected interest rates have fallen sharply in the US in the wake of softer inflation and employment data...

2nd August 2024 · 1 min read

China Chart Pack

China Chart Pack (Jul. 24)

Our China Chart Pack has been updated with the latest data and our analysis of recent developments. China’s economy has slowed recently but we think it will regain some momentum during the second half...

2nd August 2024 · 1 min read

China Economics Weekly

Investment still the preferred policy lever to pull

We wouldn’t take this week’s pledge from the Politburo to tilt stimulus towards consumption at face value. The only concrete measures along these lines that have been announced recently have been more...

2nd August 2024 · 5 mins read

China Economics Update

Urbanisation won’t be a key growth driver

In its new urbanisation plan, China’s government is setting its targets low. The goal of reaching a 70% urbanisation rate in five years’ time could be met with far smaller increases in the urban...

2nd August 2024 · 4 mins read

Asia Economics Weekly

Korea growth worries, new Taiwan GDP forecast

The latest batch of data from Korea underline how much the economy has struggled in recent months. Despite the weak economy, the jump in inflation last month has dashed any hopes of a rate cut at the...

2nd August 2024 · 7 mins read

India Economics Weekly

RBI’s bond restrictions, policy meeting preview

The RBI's surprise move this week to restrict foreign access in some long-dated sovereign bonds highlights the bumpy path for foreign investors as policymakers balance a push for more overseas...

2nd August 2024 · 3 mins read

Japan Economics Weekly

Bank of Japan encouraged by pick-up in consumption

A rebound in retail sales likely underpinned the Bank of Japan's decision to raise interest rates this week. Measures by the government, including tax cuts and electricity and gas subsidies, should...

2nd August 2024 · 5 mins read

Australia & New Zealand Economics Weekly

Could the RBA still hike rates?

Following the downside surprise in Australia's Q2 CPI data, investors are betting that rate cuts will be on the table before long. While we do agree that the RBA's next move is likely to be down, that...

2nd August 2024 · 5 mins read

RBI Watch

Policy loosening to begin by year-end

The upside inflation surprise in June means it is all but guaranteed that the Reserve Bank of India (RBI) will keep the repo rate on hold at 6.50% at the conclusion of its MPC meeting on Thursday 8th...

1st August 2024 · 6 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Jul.)

Australian house prices gained a bit of momentum in July. However, leading indicators continue to suggest that the housing market will cool markedly in the months ahead. Even if house price growth...

1st August 2024 · 3 mins read

Asia Rapid Response

Manufacturing PMIs, Korea Trade (July)

The July PMIs from Emerging Asia nudged down slightly from the previous month but remained close to their two-year highs. However, the PMI data have been a poor guide to the hard activity data over...

1st August 2024 · 2 mins read

Climate Economics Monthly

Key highlights from July

This Monthly looks at some of the key climate-related developments in July, including the latest climate policy changes made by the new UK government, the effect of overcapacity on Chinese solar...

31st July 2024 · 4 mins read