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 Economics Update

Interest rates to stay low in Korea

The Bank of Korea (BoK) today left interest rates unchanged and there was little sign in the central bank’s statement that the central bank is in any rush to adjust policy. With the economy growing at...

31st August 2017 1 min read

China Data Response

Official PMIs (Aug.)

The latest official PMI readings suggest that China’s manufacturing activity may have strengthened in August but point to weaker momentum in the rest of the economy.

31st August 2017 1 min read

Japan Data Response

Industrial Production (Jul.)

The renewed fall in industrial production and the slump in capital goods shipments in July suggest that growth slowed in the third quarter.

31st August 2017 1 min read

Japan Data Response

Retail Sales (Jul.)

Despite the continued fall in “core” household spending, the jump in retail sales in July suggests that consumer spending continued to expand at a strong pace in Q3.

30th August 2017 1 min read

Japan Data Response

Unemployment & Household Spending (Jul.)

We wouldn’t read too much into July’s slowdown in household spending as the data tend to understate private consumption. Meanwhile, strong job growth is lifting household incomes and providing a...

29th August 2017 1 min read

China Activity Monitor

Growth jumps in July

In contrast to the weaker official activity data for July, our China Activity Proxy (CAP) suggests that growth in China picked up last month to the fastest pace in nearly four years. However, as...

28th August 2017 1 min read

Japan Economics Weekly

Efforts to reform labour market fall short

Japan’s government is worried that a sharp increase in the number of part-time workers will feed into weaker growth in productivity in future and it has proposed a package of labour reforms in...

25th August 2017 1 min read

Japan Data Response

Consumer Prices (Jul.)

A rebound in energy inflation helped to lift headline inflation to fresh highs in July. But with the peak in energy inflation nearing and underlying price pressures still subdued, we expect inflation...

25th August 2017 1 min read

Australia & New Zealand Chart Pack

Bouncing back

It looks as though both Australia and New Zealand shook off the weakness at the start of the year as GDP growth may have bounced back in the second quarter. We estimate that the disappointing 0.3% q/q...

23rd August 2017 1 min read

India Economics Update

Will the strength of the rupee be sustained?

Strong inflows into India’s equity and bond markets have been a key reason behind the strengthening of the rupee against the US dollar in recent months. But there are reasons to think that these...

23rd August 2017 1 min read

India Economics Update

Rise in bond yields has further to run

The rise in Indian bond yields over the past couple of weeks reverses only a small portion of the drop since the start of 2017. But looking ahead, with the RBI ramping up its open market sales and...

21st August 2017 1 min read

China Economics Update

Capital Flows Monitor (Jul.)

Net capital outflows from China edged up in July, but this was due to seasonal factors. Adjusting for these, outflows actually eased last month to a five-month low, helped by more rapid foreign...

21st August 2017 1 min read

Asia Data Response

Thailand GDP (Q2)

Figures released today show Thailand’s economy continued to gain momentum in Q2, and is now growing at its fastest pace in y/y terms since Q1 2013. We expect growth to remain relatively strong over...

21st August 2017 1 min read

Asia Data Response

Philippines GDP (Q2)

The Philippines recorded another quarter of solid growth in Q2 and should continue to perform well over the near term, supported by rapid government spending growth and healthy private consumption.

17th August 2017 1 min read

India Economics Update

Reserve Bank’s MPC minutes show inflation concerns

The minutes of the Reserve Bank of India’s (RBI’s) August policy meeting show that, despite voting to cut interest rates, most members remain cautious about the outlook for inflation. Indeed, with...

17th August 2017 1 min read

Japan Data Response

External trade (Jul.)

The recent acceleration in export values reflects a surge in export prices rather than stronger volumes. Nonetheless, export volumes will probably outpace import volumes this year so net exports will...

17th August 2017 1 min read