Capital Daily

Policy sugar rush may only take Chinese equities so far

New measures to support China’s property sector have brought more cheer to Chinese equities. But, while we continue to think they will fare well in the coming months, we ultimately expect them to lose...

17th May 2024 · 5 mins read

China Economics Weekly

Property support, imbalances growing, tariff retaliation

The property support measures outlined today are significant. If local governments and SOEs take advantage of the funding on offer to buy unsold inventory from developers, sales would rise by around...

17th May 2024 · 5 mins read

Asia Economics Weekly

BI on hold, new leaders, Biden tariffs

The recent recovery in the rupiah means Bank Indonesia is unlikely to follow up April’s surprise hike with another interest rate increase when it meets on Wednesday. Meanwhile, Korea could prove to be...

17th May 2024 · 8 mins read

Asset Allocation Update

Rebound in Chinese equities may be sweet, but short

Improving sentiment towards Chinese equities has sparked a further rebound over the past month, with stocks there having generally outperformed those elsewhere over this period. While we continue to...

17th May 2024 · 5 mins read

India Economics Weekly

Apple’s ambitions, Iran port deal, Russian oil

The government's announcement this week of a long-term contract to develop and operate a port in Iran through which India will be able to transport goods into Central Asia is an illustration of how...

17th May 2024 · 4 mins read

Japan Economics Weekly

Weak activity won’t forestall BoJ tightening

On the Bank of Japan's favoured measure, spare capacity has remained tight across the economy despite the recent weakness of GDP - which this week's data confirmed extended into Q1. That's another...

17th May 2024 · 7 mins read

Asia Rapid Response

Malaysia GDP (Q1 2024, second estimate)

The second estimate of Q1 GDP confirmed that the economy rebounded last quarter but we continue to expect below-trend GDP growth this year as a whole. The softening labour market, tighter fiscal...

17th May 2024 · 2 mins read

China Rapid Response

China Activity & Spending (Apr. 2024)

Industrial production continued to accelerate thanks to strong exports, but growth on most other indicators slowed, pointing to softer domestic demand. We expect a renewed pick-up over the coming...

17th May 2024 · 2 mins read

Australia & New Zealand Economics Weekly

Government leaves RBA to go it alone

Contrary to the claims made by Treasurer Jim Chalmers, measures in the 2024/25 Budget will do little to alleviate price pressures. That means the onus of bringing inflation under control will fall...

17th May 2024 · 4 mins read

India Economics Update

India’s geopolitical balancing act

India is benefitting economically from maintaining its historical non-aligned stance in response to tensions between the West and Russia, and Iran to a lesser extent. But notwithstanding a potential...

16th May 2024 · 6 mins read

China Economics Update

Destocking could offer a short-run fix to property woes

Government purchases of unsold housing may help to stabilise China’s property sector in the near-term, alleviating a key economic headwind. But they won’t prevent the sector from shrinking...

16th May 2024 · 6 mins read

China Economics Focus

China’s overseas lending push has stalled

Overseas loans by Chinese banks peaked in late 2021 and have since been curtailed in response to increased debt problems among EM borrowers. While these strains are partly a consequence of global...

16th May 2024 · 15 mins read

Asia Rapid Response

Philippines Monetary Policy Announcement

16th May 2024 · 2 mins read

Australia & New Zealand Rapid Response

Australia Labour Market (Apr. 2024)

16th May 2024 · 2 mins read

Japan Rapid Response

Japan GDP (Q1 2024)

The renewed drop in GDP in the first quarter mostly reflects production shutdowns at major carmakers and a pronounced rebound this quarter is very likely. And with services spending rebounding, the...

16th May 2024 · 3 mins read