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.

RBA Watch

Lowe signalling that rates unlikely to rise next year

Recent comments by Governor Lowe about the outlook for monetary policy all but confirmed that the Reserve Bank of Australia will leave interest rates at 1.5% at its final policy meeting of the year on...

29th November 2017 1 min read

Japan Data Response

Retail Sales (Oct.)

While retail sales stagnated in October, strong gains in household incomes and buoyant consumer confidence suggest that consumer spending should return to growth this quarter.

29th November 2017 1 min read

Japan Economics Weekly

Will private consumption continue to disappoint?

Private consumption fell last quarter for the first time since end-2015. However, solid growth in household incomes, an elevated household saving rate and upbeat consumer confidence suggest that this...

24th November 2017 1 min read

Japan Data Response

Flash Manufacturing PMI (Nov.)

The manufacturing PMI climbed to a fresh high in November and suggests that the expansion accelerated in the final quarter of the year. What’s more, the survey shows that price pressures continue to...

24th November 2017 1 min read

Asia Data Response

Singapore GDP (Q3 Revised)

Today’s revised estimate of Singapore’s Q3 GDP confirmed that the economy rebounded strongly last quarter. While growth is likely to slow a little over the coming quarters, the economy should still...

23rd November 2017 1 min read

India Chart Pack

Bank recapitalisation pushes equities to fresh highs

The surge in Indian equities since the start of the year has continued over the past month, with the benchmark Sensex stock index hitting an all-time high in early November. The latest leg up has been...

22nd November 2017 1 min read

Asia Data Response

Thailand GDP (Q3)

Thailand’s GDP growth picked up to its fastest pace in more than four years in Q3. A combination of robust external demand and increased infrastructure spending should help keep growth robust in the...

20th November 2017 1 min read

Japan Data Response

External Trade (Oct.)

Export volumes continue to rise more rapidly than import volumes so net trade should have continued to support GDP growth in the current quarter.

20th November 2017 1 min read

Japan Economics Weekly

Is monetary easing doing more harm than good?

Some commentators are arguing that the costs of continued loose monetary policy outweigh the benefits as house and stock prices have soared and banks’ lending margins have slumped. By contrast, we...

17th November 2017 1 min read

Asia Data Response

Malaysia GDP (Q3)

Malaysia’s economy expanded at its fastest pace in three years in Q3. While we think growth has now peaked, the economy should continue to grow at a decent pace over the next year, supported by robust...

17th November 2017 1 min read

China Economics Update

Capital Flows Monitor (Oct.)

After seeing net capital inflows in September for the first time in 2014, we think outflows will have returned last month as Chinese investors acquired foreign assets at a faster pace and inbound...

17th November 2017 1 min read

Asia Data Response

Philippines GDP (Q3)

The Philippines’ economy strengthened further in Q3, with growth coming in at 6.9% y/y. However, we expect the economy to slow next year. Although exports and government spending are likely to remain...

16th November 2017 1 min read

Japan Chart Pack

Will the Nikkei continue to outperform?

The Nikkei is near its highest in 25 years, buoyed by a 200% rise in net profits since PM Abe returned to power five years ago. Looking ahead, we expect the yen to weaken to 120 by the end of next...

16th November 2017 1 min read

India Economics Update

Trade deficit unlikely to widen further

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

15th November 2017 1 min read

Japan Data Response

GDP (Q3)

The longest expansion since 2001 continued in the third quarter. However, the economy is running into capacity constraints and we expect growth to slow next year.

15th November 2017 1 min read

India Data Response

Wholesale Prices (Oct.)

Much like the consumer price inflation data released yesterday, wholesale price inflation came in above expectations in October. Policymakers put less weight on the WPI measure, but any lingering...

14th November 2017 1 min read