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.

Japan Data Response

Labour Market & Consumer Spending (Dec.)

While the jobless rate edged up in December, the continued rise in job vacancies suggest it will fall to fresh lows before long. Meanwhile, consumer spending should have rebounded last quarter even...

30th January 2018 1 min read

Japan Data Response

Consumer Prices (Dec.)

Inflation excluding fresh food remained close to 1% in December. But with wage growth still sluggish and the tailwind from higher energy prices set to fade, inflation won’t rise any further.

26th January 2018 1 min read

Asia Economics Update

Malaysia: more rate hikes unlikely

Malaysia’s central bank (BNM) raised its key policy rate by 25bps to 3.25% today, but with growth set to slow, inflation benign and the currency continuing to strengthen, we suspect this will be a...

25th January 2018 1 min read

Asia Data Response

Korea GDP (Q4)

While Korea’s economy cooled at the end of 2017, we expect growth to regain some momentum in the coming quarters, supported by a turnaround in the tourism sector.

25th January 2018 1 min read

Japan Data Response

Flash Manufacturing PMI (Jan.)

The manufacturing PMI climbed to a four-year high in January and suggests that the economic expansion remained vigorous at the start of this year.

24th January 2018 1 min read

Japan Data Response

External Trade (Dec.)

While import volumes outpaced export volumes in December, we still think that net exports supported GDP growth last quarter.

24th January 2018 1 min read

Japan Economics Update

Bank of Japan too optimistic about inflation outlook

For the first time since July 2014, the Bank of Japan didn’t lower its inflation forecasts any further. However, we believe that the Bank is too optimistic about the inflation outlook and we remain...

23rd January 2018 1 min read

Asia Data Response

Philippines GDP (Q4)

The Philippines’ economy cooled off a bit in Q4, with growth easing to 6.6% y/y. We expect the economy will slow further this year, weighed upon by moderating export growth and sluggish investment.

23rd January 2018 1 min read

India Economics Update

A mixed start to the year

Indian financial markets have had a mixed start to the year with equities surging, the rupee remaining stable against the US dollar, and bonds continuing to sell-off. Looking ahead, we think that...

22nd January 2018 1 min read

China Economics Update

IT boom fails to avert broader slowdown

The detailed breakdown of China’s Q4 GDP data released today claims that stronger services activity, particularly in IT, fully offset a slowdown in construction and industry. While we don’t doubt that...

19th January 2018 1 min read

India Economics Update

Government likely to miss fiscal deficit target

India’s fiscal deficit has overshot the central government target so far in FY17/18. This doesn’t necessarily signal that the target will be missed – revenues tend to get ramped up in the final months...

19th January 2018 1 min read

Asia Economics Update

Bank of Korea on hold, tightening will be gradual

The Bank of Korea (BoK) kept its policy rate on hold at 1.50% today, and the governor’s accompanying press conference signalled aggressive tightening is not in the pipeline. With the economy set to...

18th January 2018 1 min read

Japan Data Response

Machinery Orders (Nov.)

Machinery orders were the highest in almost a decade in November which suggests that the expansion in business investment continued last quarter.

17th January 2018 1 min read

India Economics Update

Time to worry about the trade deficit?

India’s trade deficit widened to a three-year high in December, but we don’t think this is cause for major concern just yet. Exports should rebound following disruptions related to the GST, while...

16th January 2018 1 min read

India Data Response

Wholesale Prices (Dec.)

Headline wholesale price inflation edged down in December. But stripping out the effect of volatile fuel and food prices, our measure of core WPI inflation rose last month. With reasons to think that...

15th January 2018 1 min read

China Data Response

Trade (Dec.)

Export growth declined slightly last month but remained healthy. In contrast, import growth slowed sharply, raising questions over the state of domestic demand. Divergent prospects for growth in China...

12th January 2018 1 min read