India Chart Pack India Chart Pack (October 2024) The latest activity data have brought further evidence that India’s economy has entered a softer patch. Coupled with the RBI's change in policy stance in its October meeting, this suggests that... 24th October 2024 · 1 min read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (October 2024) EM GDP growth picked up in Q3, but we expect growth to slow over the coming quarters - despite the recent stimulus announcements in China. The threat of more protectionist trade policy in the US poses... 24th October 2024 · 1 min read
Bank of Japan Watch Bank will hike once more in December The Bank of Japan continues to signal that a rate hike at the upcoming meeting on 31 st October is unlikely. With economic activity and inflation evolving as the Bank had anticipated, we still expect... 24th October 2024 · 8 mins read
Capital Daily Yen may rebound and weigh on Japanese equities We expect the Japanese yen to bounce back before long, putting more pressure on the Japanese stock market, at least in local currency terms. 23rd October 2024 · 4 mins read
Japan Rapid Response Japan Flash PMIs (Oct. 24) The sharp fall in the composite PMI to a 2-year low supports our view that the strong rebound in activity that started in Q2 will be more muted across the second half of the year. Today’s flash... 23rd October 2024 · 1 min read
Japan Economics Update Yen could weigh further on the TOPIX We argued last year that the relative strength of Japan’s stock market mostly reflected the weak yen rather than a fundamental transformation of its corporate sector. Developments since then suggest... 23rd October 2024 · 6 mins read
Climate Economics Update EU tariffs still not weighing on China's EV exports Following a record high in August, our proprietary measure of China’s green export volumes edged down in September. Meanwhile, China’s exports of EVs to Europe surged despite the recent EU tariffs... 22nd October 2024 · 2 mins read
FX Markets Update Taking stock of the outlook for the renminbi The depreciation pressure on the renminbi has abated over recent months and the USD/CNY rate is currently trading around our end-2024 target of 7.10. But with US interest rate expectations on the rise... 21st October 2024 · 5 mins read
Capital Daily Assessing the relative prospects for EM equities The recent outperformance of emerging market equities, relative to their developed market peers, has almost entirely reversed in October and we think this may be a sign of things to come. 21st October 2024 · 5 mins read
Emerging Markets Economics Update Asia to drive next phase of the EM easing cycle The outcomes of the EM central bank meetings since the beginning of October underscore the point that Asia will lead the next phase of the EM easing cycle. Central banks in Central and Eastern Europe... 21st October 2024 · 4 mins read
China Rapid Response China Loan Prime Rate (Oct. 2024) Today’s reductions to both the one-year and five-year Loan Prime Rates (LPR) continue the PBOC’s efforts to support the economy. We expect additional easing to follow in the coming quarters, but this... 21st October 2024 · 2 mins read
Commodities Weekly Oil risk premium shrinks; China leaves us guessing The risk premium in oil prices collapsed this week after reports suggested that Israel would not target Iran’s oil and nuclear facilities in any retaliatory strike. With the fundamentals of weak oil... 18th October 2024 · 4 mins read
China Economics Weekly Baby steps to support housing won’t drive a turnaround While the Ministry of Housing introduced no significant new measures and gave little additional detail on plans to support the property sector during Thursday's press conference, it did announce an... 18th October 2024 · 5 mins read
Asia Economics Weekly Korea’s property doldrums, Indonesia’s new president Concerns that interest rate cuts could lead to a renewed property price bubble in Korea look overblown. With housing transactions close to multi-year lows and the stock of unsold homes high by... 18th October 2024 · 7 mins read
