Capital Daily

Another turning point for China’s stock market?

China’s authorities are clearly making an effort to boost the country’s stock market, despite some seeming missteps. But we doubt any further gains will survive very long into next year.

14th October 2024 · 4 mins read

China Rapid Response

China Bank Lending & Broad Credit (Sep.)

Despite monetary easing and a pick-up in government bond issuance, both broad credit and bank loan growth hit fresh lows in September. While the PBOC will continue to loosen policy, this is unlikely...

14th October 2024 · 2 mins read

China Rapid Response

China Merchandise Trade (Sep. 2024)

Export growth slowed last month but remained resilient, with volumes still rising at a double-digit pace. We think shipments will stay strong in the near term, supported by gains in export...

14th October 2024 · 3 mins read

China Rapid Response

China Consumer & Producer Prices (Sep. 2024)

CPI inflation fell in September, as an increase in food inflation was outweighed by further decreases in energy and core inflation. Meanwhile, producer price deflation deepened further on the back of...

14th October 2024 · 2 mins read

Asia Rapid Response

Singapore Monetary Policy Meeting (October) & Q3 GDP (Adv estimate)

14th October 2024 · 2 mins read

China Economics Update

MOF promises more spending but scale still unclear

China’s Finance Ministry has pledged to significantly increase government debt, as well as ensure that RMB2.3trn in unused funds (equivalent to 1.6% of GDP) are spent by year-end. The latter should...

12th October 2024 · 6 mins read

Commodities Weekly

All eyes on China again; Hurricane Milton fallout

While fiscal stimulus could provide some short-term support to metals prices, the key issue is that China's troubles are structural. So, China's metals demand probably won't be in a much healthier...

11th October 2024 · 4 mins read

Asia Economics Weekly

Korea cuts, Bank Indonesia on a knife edge

The Bank of Korea cut interest rates today and we are expecting the central banks of Thailand and the Philippines to follow suit at their scheduled meetings on Wednesday. The Monetary Authority of...

11th October 2024 · 8 mins read

Event

Asia Drop-In: How far will policy easing go to support Asia’s economies?

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It’s a busy week for Asia’s central banks, with three key decisions expected on Wednesday following on from the latest Reserve Bank of India and Bank of Korea meetings.

India Economics Weekly

RBI shifts stance, FTSE Russell, state election results

The shift in the RBI's official policy stance, alongside the announcement of India's inclusion in the FTSE Russell EM bond index and state election results that should ease fiscal risks, has...

11th October 2024 · 5 mins read

Asia Economics Update

Korea: further cuts on the way

The Bank of Korea today cut interest rates by 25bps (to 3.25%), but tried to dampen speculation that it would cut rates at its final meeting of the year in November. With growth struggling and...

11th October 2024 · 3 mins read

Asset Allocation Update

Rising geopolitical tensions could prick the AI bubble

A further decoupling of trade ties between the US and China or a sharp rise in Cross-Strait tensions, even if a full-blown conflict is avoided, are two big geopolitical events that we think present a...

11th October 2024 · 8 mins read

China Economics Weekly

What to look for at the MoF press conference

All eyes are on the Ministry of Finance's crucial press conference tomorrow morning. We think this year’s growth target is just about achievable if local governments can be pushed to fully deploy...

11th October 2024 · 10 mins read

Australia & New Zealand Economics Weekly

RBNZ may consider a 75bp cut in November

The RBNZ struck a rather dovish tone when it cut rates by 50bp at its meeting this week. We think that the Bank's concerns about the state of the economy are well founded, especially with new data...

11th October 2024 · 5 mins read

Japan Economics Weekly

Strong household finances underpinning consumption

The strength in household incomes poses some upside risks to our GDP forecasts. However, a more forceful recovery in domestic demand won't move the needle much in terms of inflationary pressures. In...

11th October 2024 · 4 mins read