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 Data Response

CoreLogic House Prices (Nov.)

We suspect the decline in house prices in the eight capital cities is going to continue and house prices will go on to eventually fall by at least 12%.

3rd December 2018 1 min read

India Economics Weekly

NBFC strains a headwind, but not catastrophic

The recent drop in corporate bond issuance has been taken by many as a sign that a rise in the risk premium since the debt default by IL&FS Group is constraining local firms’ ability to borrow. The...

30th November 2018 1 min read

China Data Response

Official PMIs (Nov.)

Downbeat official PMI readings for November suggest that growth remains under pressure, with signs that the recent uptick in construction activity is fizzling out as local governments pare back...

30th November 2018 1 min read

Asia Economics Update

Korea: rate hikes next year look unlikely

While the Bank of Korea (BoK) hiked its policy rate today for the first time in a year, this is unlikely to mark the start of a tightening cycle.

30th November 2018 1 min read

Japan Data Response

Labour Market & Ind. Prod. (Oct.) & Tokyo CPI (Nov.)

The surge in industrial production in October is a strong sign that the economy returned to growth in the fourth quarter. That suggests that October’s weakening in the labour market data won’t be...

30th November 2018 1 min read

RBA Watch

Slumping oil prices another headache for RBA

The Reserve Bank of Australia (RBA) will hold rates steady at next week’s meeting and signal that the first hike is still some way off. With the downturn in the housing market continuing unabated and...

27th November 2018 1 min read

Australia & New Zealand Data Response

Labour Market (Oct.)

The unemployment rate remained at a six-year low in October and will probably fall a little further over coming months. However, we still think that wage growth will only pick up slowly and the RBA...

15th November 2018 1 min read

Asia Economics Update

Sri Lanka: rates set to stay on hold after surprise hike

The decision by the Central Bank of Sri Lanka (CBSL) to hike its main policy rates underlines its concerns about the weakness of the currency. Policy over the months ahead will depend on the political...

14th November 2018 1 min read

China Data Response

Activity & Spending (Oct.)

The October activity and spending data were mostly better than anticipated. But despite an uptick in industrial output and investment, we doubt that economic growth has bottomed out just yet.

14th November 2018 1 min read

Australia & New Zealand Data Response

Wage Price Index (Q3)

The increase in annual wage growth from 2.1% in Q2 to 2.3% in Q3 is nothing to get excited about as it was partly driven by an increase in the minimum wage. What’s more, subdued growth in real wages...

14th November 2018 1 min read

Japan Data Response

GDP (Q3 Preliminary)

The slump in output in the third quarter probably reflects a number of natural disasters and the economy almost certainly returned to growth in Q4. Indeed, the near-term outlook is positive as...

14th November 2018 1 min read

Asia Economics Weekly

Reform boost for Vietnam, regional growth slows

The opening up of Vietnam’s economy has gathered pace over the pace couple of months, with the government pressing ahead with a series of reforms which should boost the country’s economic prospects...

9th November 2018 1 min read

China Data Response

Trade (Oct.)

Chinese export growth picked up slightly last month, with no sign yet that US tariffs have had a major negative impact. Import growth also picked up, driven largely by growth in underlying volumes.

8th November 2018 1 min read

India Economics Update

Inflation Monitor (Oct.)

Consumer price inflation is likely to have eased in October following a renewed drop in food inflation. This may prove enough to keep the RBI on the side-lines in its meeting next month. But with core...

8th November 2018 1 min read

Asia Data Response

Philippines GDP (Q3)

We expect the slowdown in GDP growth in Q3 to continue over the coming quarters as the economy faces headwinds from tighter monetary policy and a weakening external environment.

8th November 2018 1 min read

Europe Data Response

German Industrial Production (Sep.)

September’s small rise in German industrial production suggests that delays to car output are not doing quite as much damage as we had feared, but it still seems likely that GDP barely expanded in Q3.

7th November 2018 1 min read