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.

Emerging Europe Data Response

Turkey Consumer Prices (Oct.)

The stronger-than-expected rise in Turkish inflation in October, to 25.2% y/y, is unlikely to prompt further interest rate hikes from the central bank. Instead, the main risk is that, with pipeline...

5th November 2018 1 min read

Asia Data Response

Indonesia GDP (Q3)

Indonesia’s GDP growth slowed from 5.3% y/y in Q2 to 5.2% in Q3, and looks set to slow a little further over the coming quarters due to a combination of tighter monetary policy and weaker export...

5th November 2018 1 min read

RBNZ Watch

New Zealand - Don’t expect a change in rates for at least three years

The Reserve Bank of New Zealand will keep interest rates unchanged at 1.75% at the policy meeting on Thursday 8th November, with recent encouraging economic data making a cut less likely. Even so, we...

1st November 2018 1 min read

India Data Response

Manufacturing PMI (Oct.)

India’s manufacturing PMI jumped in October, bucking the trend across most of Asia. Looking ahead, prospects for local manufacturers remain fairly bright over the near term.

1st November 2018 1 min read

China Data Response

Caixin Manufacturing PMI (Oct.)

The latest survey data, while not as bad as some feared, still paint a fairly downbeat picture. We expect the economy to weaken further in the coming months, triggering additional policy easing.

1st November 2018 1 min read

RBA Watch

RBA will hold its horses until late in 2020

The Reserve Bank of Australia (RBA) will welcome the continued tightening of the labour market when it holds interest rates steady at 1.50% on Melbourne Cup Day, which falls on Tuesday 6th November...

1st November 2018 1 min read

Asia Data Response

Manufacturing PMIs (Oct.)

The October PMIs for Emerging Asia indicate that the region’s manufacturing sectors lost further momentum at the start of Q4. Meanwhile, the weakness in new export orders supports our view that the...

1st November 2018 1 min read

Australia & New Zealand Data Response

International Trade (Sep.)

Continued solid growth in export volumes suggests that the trade war isn’t yet acting as a major drag for Australia’s export sector. In fact, we think that the weaker exchange rate will result in a...

1st November 2018 1 min read

Australia & New Zealand Data Response

CoreLogic House Prices (Oct.)

The continued fall in house prices in October is consistent with our view that prices will ultimately drop by at least 12%, making the current downturn the longest and deepest in Australia’s modern...

1st November 2018 1 min read

Japan Data Response

Labour Market (Sep.)

The unemployment rate is the lowest it has been in a generation and we think it will fall further over the coming year. But wage growth probably won’t reach the rates required to meet the BoJ’s 2%...

30th October 2018 1 min read

Australia & New Zealand Economics Update

House prices falls will weigh on consumer spending

Households responded to rising house prices by lifting spending and we think they will eventually respond to falling prices with lower spending. This wealth effect may lower annual GDP growth by 0.3...

29th October 2018 1 min read

Bank of Japan Watch

Sales tax hike is the nail in the coffin to tighter policy

The Bank of Japan will probably lower its growth and inflation forecasts further at next week’s policy meeting. And it should reiterate its pledge to keep interest rates at current extremely low...

24th October 2018 1 min read

India Chart Pack

Shadow bank concerns come to the fore

India’s shadow banking sector has been thrust into the spotlight over the past few weeks, triggered by news that the Infrastructure Leasing & Financial Services (IL&FS) Group is likely to miss several...

24th October 2018 1 min read

Japan Data Response

Flash Manufacturing PMI (Oct.)

The pick-up in the manufacturing PMI in October, from 52.5 to 53.1, suggests that the likely slowdown in GDP growth in Q3 was just a blip.

24th October 2018 1 min read

India Economics Update

RBI minutes suggest tightening cycle not over yet

The minutes of the Reserve Bank’s October policy meeting show that, despite keeping rates on hold, the MPC continues to place great importance on preserving its recently-acquired credibility. With...

22nd October 2018 1 min read

China Data Response

GDP (Q3) & Activity & Spending (Sep.)

Official GDP growth slowed last quarter consistent with broader evidence that the economy is cooling. There are some early signs in the September data that policy support is starting to gain traction...

19th October 2018 1 min read