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.

Australia & New Zealand Economics Weekly

Too early to sound all-clear on credit conditions

Housing finance commitments have started to edge up again and suggest that house prices won’t fall much further for now. Households are taking the weaker housing market in their stride and APRA...

13th July 2018 1 min read

India Economics Weekly

Sensex surges, another parliament washout?

While many other major EM equity markets have dropped recently amid rising fears of a global trade war, Indian equities have surged, with the Sensex reaching an all-time high this week. But while...

13th July 2018 1 min read

Asia Data Response

Singapore GDP (Q2 Advanced)

Today’s advanced estimate of Singapore’s GDP suggests the economy lost some momentum in Q2, and we expect growth to cool further in the coming quarters against a backdrop of slower global growth and...

13th July 2018 1 min read

Australia & New Zealand Economics Update

New Zealand - Downbeat businesses pose a downside risk

Our relatively bearish view that GDP growth will slow from 2.8% last year to 2.0% next year has always been based on the idea that the end of the migration and housing booms would weaken consumption...

11th July 2018 1 min read

Japan Economic Outlook

Subdued inflation ties BoJ’s hands

We expect GDP growth to be broadly in line with trend both this year and next. The labour market will remain very tight and wage growth may strengthen further. But sluggish demand after next year’s...

11th July 2018 1 min read

Japan Data Response

Machinery Orders (May)

Even though machinery orders dropped in May, their Q2 average is well above the Q1 average and suggests that investment spending picked up again last quarter.

11th July 2018 1 min read

China Data Response

Consumer & Producer Prices (Jun.)

Today’s inflation data show little change in price pressures last month beyond a mild boost from higher oil prices. Tariffs may start to inject some additional volatility into the price data soon but...

10th July 2018 1 min read

China Economic Outlook

Domestic headwinds building

Sentiment about China’s economic prospects has worsened recently as trade tensions have escalated. The tariffs announced so far won’t have a big impact though. Instead, we expect economic growth to...

10th July 2018 1 min read

India Economics Weekly

Large MSP hikes, growing fiscal concerns

Confirmation this week that the government will implement large increases in the minimum support price (MSP) of key monsoon crops supports our view that rural incomes will strengthen significantly...

6th July 2018 1 min read

Australia & New Zealand Economics Update

RBA’s global and housing concerns grow

Growing concerns about the global trade dispute and the deepening domestic housing downturn mean that the Reserve Bank of Australia will probably leave interest rates at 1.5%, as it did at today’s...

3rd July 2018 1 min read

Asia Data Response

Manufacturing PMIs (Jun.)

The June PMIs for Emerging Asia indicate that the region’s manufacturing sectors remained in decent health. Meanwhile, Korean export data suggest export growth in the rest of the region likely ended...

2nd July 2018 1 min read

China Data Response

PMIs (Jun.)

The latest PMI readings suggest that the economy lost some momentum last month. With credit growth still cooling and US tariffs imminent, we expect further weakness ahead.

2nd July 2018 1 min read

Japan Chart Pack

2% inflation target remains elusive

Headline inflation has been falling recently as the impact of the short-lived spike in food prices over the winter has reversed. Energy inflation has continued to slow as utility bills are rising less...

12th June 2018 1 min read

Asia Economics Update

Pakistan: Latest currency devaluation a stopgap

The latest devaluation in the Pakistani rupee has once again put the spotlight on the country’s precarious external position. The government will hope to keep the situation under control until next...

11th June 2018 1 min read

Asia Economics Update

Could North Korea be the next Vietnam?

Tomorrow’s historic summit between Donald Trump and Kim Jong Un in Singapore has raised the (distant) prospect of international sanctions against North Korea being lifted, a move that one day could...

11th June 2018 1 min read

Japan Data Response

Machinery Orders (Apr.)

The surge in machinery orders in April is yet another sign that the drop in Q1 GDP was just a blip. The bigger picture is that firms are facing severe capacity constraints so investment spending...

11th June 2018 1 min read