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

Thai rates to stay on hold for a while longer

The Bank of Thailand (BoT) left interest rates on hold today and the accompanying monetary policy statement suggests the central bank is in no rush to adjust rates any time soon. We are maintaining...

16th August 2017 1 min read

China Data Response

Bank Lending & Broad Credit (Jul.)

New lending declined in July, masking an uptick in underlying credit growth. We doubt this will translate to a sustained pick-up, however, since efforts to slow the build-up of debt mean that market...

15th August 2017 1 min read

India Economics Update

Trade deficit to remain in check

India’s monthly trade deficit narrowed in July, and a number of factors should ensure that it remains in check over the coming months. This should keep India’s financial markets relatively secure in...

15th August 2017 1 min read

India Data Response

Wholesale Prices (Jul.)

Indian wholesale price inflation rose in July, and looks set to accelerate further over the coming months. As such, we think that there is no scope for further monetary loosening.

14th August 2017 1 min read

China Data Response

Activity & Spending (Jul.)

The activity and spending data for July all came in below expectations, reversing most of improvement seen at the end of Q2. Nonetheless, industrial production still looks unsustainably strong given...

14th August 2017 1 min read

Japan Data Response

GDP (Q2 Preliminary)

Japan’s economy recorded the sixth consecutive quarterly rise in GDP and is on track for the longest expansion since the turn of the century. However, we expect price pressures to strengthen only...

14th August 2017 1 min read

Asia Data Response

Singapore GDP (Q2 Revised)

Today’s revised estimate of Singapore’s second quarter GDP suggests the economy is in better shape shape than previously thought. Looking ahead, although rising interest rates will remain a drag on...

11th August 2017 1 min read

Japan Economics Update

Monetary Indicators Monitor (Jul.)

While domestic loan growth has picked up in recent years, lending to foreign borrowers has risen much faster over the past decade. Japan is now the single-largest provider of cross-border lending.

10th August 2017 1 min read

Japan Data Response

Machinery Orders (Jun.)

Machinery orders fell yet again in June and recorded the sharpest drop in a year last quarter. The key point though is that orders have become less reliable as a guide to business investment.

10th August 2017 1 min read

Japan Data Response

Economy Watchers Survey (Jul.)

Despite a drop in July, the Economy Watchers Survey still points to solid gains in consumer spending.

8th August 2017 1 min read

China Data Response

Trade (Jul.)

Chinese trade softened at the start of Q3, with a slowdown in commodity imports suggesting that policy tightening may be weighing on investment spending.

8th August 2017 1 min read

Asia Data Response

Indonesia GDP (Q2)

Indonesia’s run of remarkably steady GDP growth continued in Q2, with the economy growing by 5.0% y/y, unchanged from the 5.0% expansion recorded in Q1. Looking ahead, with commodity prices likely to...

7th August 2017 1 min read

Australia & New Zealand Economic Outlook

A new phase

The Australian economy is entering a new phase where the drag on GDP growth from mining investment is coming to an end, but the boosts to growth from dwellings investment and consumption are starting...

7th August 2017 1 min read

Australia & New Zealand Economics Weekly

Monetary policy will become more boring

The financial markets need to wake up to the fact that there is going to be fewer interest rate changes than in the past and more policy inertia. This is very much a global development, but the trend...

4th August 2017 1 min read

Australia & New Zealand Economics Update

RBA hoping to hit its inflation target sooner

The Reserve Bank of Australia’s new forecasts infer that it doesn’t think a dollar of US$0.80 will knock the economy off course. In fact, its new forecast that underlying inflation will rise to the 2...

4th August 2017 1 min read

Japan Data Response

Labour Cash Earnings (Jun.)

The main reason for the fall in labour cash earnings in June was a slump in summer bonuses. What’s more, a renewed slowdown in working hours lowered base pay. But the surge in part-time pay suggests...

4th August 2017 1 min read