Julie Nicol

Julie Nicol is the Office Administrator in Singapore, working closely with the London office as well as providing support to the local sales team.

Asia Data Response

Manufacturing PMIs, Korea Trade (May)

Weak PMI readings and the deterioration in Korea’s export data suggest that the regional economy is likely to have endured another quarter of disappointing growth in Q2, dashing hopes of a quick...

3rd June 2019 1 min read

India Economics Weekly

Modi sworn in, Finance Minister speculation

Prime Minister Modi was sworn in for his second term this week, and one of his first key tasks will be to select a new Finance Minister after Arun Jaitley announced that he would be stepping down from...

31st May 2019 1 min read

Australia & New Zealand Economics Weekly

Businesses remain cautious

Business investment probably dropped again in Q1 and with business confidence remaining weak we think private investment will continue to decline over the rest of 2019. By contrast, we suspect the...

31st May 2019 1 min read

Japan Economics Weekly

Will Japan boost fiscal spending to raise inflation?

Some commentators have proposed that Japan should raise public spending to boost inflation, which would allow the Bank of Japan to raise interest rates. But given that the economy is operating at full...

31st May 2019 1 min read

Australia & New Zealand Data Response

Private Capex Survey (Q1)

Private investment probably fell for the third consecutive quarter in Q1 and firms’ forecasts point to further declines over coming quarters.

30th May 2019 1 min read

India Economics Weekly

Can the party continue?

Election fever has gripped Indian financial markets this week, with equities and the rupee rallying as it became increasingly clear that Prime Minister Modi’s BJP would secure another resounding...

24th May 2019 1 min read

Japan Economics Weekly

PM Abe will probably press ahead with sales tax hike

The Q1 GDP figures overstated the health of the economy and we expect a renewed slowdown in the second quarter. But with domestic demand still rising at a healthy pace and the unemployment rate at the...

24th May 2019 1 min read

India Economics Focus

Five more years of Modi

Prime Minister Modi’s BJP has secured another stunning victory in India’s general election. The key priority for Mr Modi in his second term should be to implement reforms to develop the manufacturing...

24th May 2019 1 min read

China Data Response

Trade (Apr.)

Export growth last month was disappointing, with Trump’s latest tariff threats adding to the downside risks ahead. Meanwhile, higher commodity prices helped April’s import values beat expectations...

8th May 2019 1 min read

China Economics Update

Four implications of the re-escalation in trade tensions

President Trump has threatened an imminent expansion of tariffs against China. We expect this to result in stronger headwinds to growth, more policy easing, a weaker renminbi and a stock market rout.

6th May 2019 1 min read

Australia & New Zealand Economics Weekly

Pace of house price declines may be letting up

The pace of house price declines has eased in recent months and forward indicators suggest there may be a further slowdown ahead. However, we still expect houses prices to fall by 15% from their peak...

3rd May 2019 1 min read

RBNZ Watch

Subdued data keep RBNZ on track to cut rates in May

We expect the recent string of soft economic data will be enough for the Reserve Bank of New Zealand (RBNZ) to cut rates to 1.50% when it meets next week on Wednesday 8th May. Since the RBNZ shifted...

2nd May 2019 1 min read

Asia Data Response

Manufacturing PMIS (Apr.)

A slight improvement in the April PMIs fits with yesterday’s trade data from Korea in suggesting that the region’s economies have passed the worst. That said, we still expect regional growth to remain...

2nd May 2019 1 min read

India Data Response

Manufacturing PMI (Apr.)

India’s manufacturing PMI dropped again in April, but this is not a huge cause for concern. After all, the reading is still consistent with decent manufacturing output growth and we think that the...

2nd May 2019 1 min read

China Data Response

PMIs (Apr.)

After jumping in March, both manufacturing PMIs fell back in April, disappointing hopes for a further recovery and reinforcing our view that there are still some downside risks to near-term activity.

30th April 2019 1 min read

Asia Economics Update

Weak export growth looks set to continue

The most recent trade data, including the very weak outturn in Korean exports over the first 20 days of this month, suggest that regional trade remains in the doldrums. With the external sector facing...

22nd April 2019 1 min read