Australia & New Zealand Economics Weekly Data centre boom a mixed blessing for mining sector Strong electricity demand resulting from the rollout of data centres is a mixed blessing for Australia’s mining sector. It could boost demand for lithium to produce storage batteries and demand for... 17th July 2026 · 6 mins read
FX Markets Update Despite near-term headwinds, we are upbeat on the rupee The rupee has been one of the worst performing emerging market currencies over the past year. But it now looks undervalued, and we think that a hawkish RBI combined with falling energy and gold prices... 16th July 2026 · 4 mins read
Global Economics Update What are the potential implications of Houthi attacks? Given reports of Houthi threats to close the Bab el-Mandeb passage to the Red Sea and to attack Saudi oil infrastructure, we are publishing an updated version of this note originally sent on 31st... 16th July 2026 · 4 mins read
Asia Economics Update How quickly might Indonesia’s public debt rise? Indonesia is likely to break its 3% of GDP legal ceiling for the fiscal deficit this year. Still, given the low public debt level today, so long as the deficit stayed close to this level it would take... 16th July 2026 · 4 mins read
China Economics Update AI is now the main driver of China’s growth While headline growth disappointed, the detailed breakdown of China’s Q2 GDP data points to a sharp upswing in activity linked to the AI boom. On a q/q basis, over half of last quarter’s expansion... 16th July 2026 · 4 mins read
Asia Economics Update How high will rates go in Korea? The Bank of Korea today kicked-started its tightening cycle by raising rates by 25bps to 2.75%, and the tone of the central bank’s statement makes clear that further tightening is likely. We now... 16th July 2026 · 3 mins read
Emerging Markets Economics Update Which EMs will be next to hike rates? The renewed rise in oil prices has cast fresh uncertainty over the outlook for interest rates. But one thing that emerges from the latest CPI data is that there are a handful of countries where strong... 15th July 2026 · 3 mins read
FX Markets Update Can anything reverse the yen’s fortunes? While the weakness of the yen remains a puzzle, we still expect the currency to rebound by the end of next year. Our end-2027 forecast for USD/JPY is 150, which compares to a current rate of ~162. 15th July 2026 · 5 mins read
India Economics Update AI and the evolution of India’s services exports India’s services exports have long been associated with low-cost call centres and business process outsourcing (BPO). But in recent years, multinationals have been building product development... 15th July 2026 · 3 mins read
Capital Daily What China’s GDP “miss” means for its markets China’s weaker-than-expected Q2 GDP isn’t reason, in our view, to throw in the towel on its markets: we remain fairly positive on the country’s equities, bonds, and currency. 15th July 2026 · 4 mins read
China Rapid Response China Bank Lending & Broad Credit (Jun.) Year-on-year growth in aggregate financing to the real economy (AFRE – the PBOC’s preferred measure of broad credit) fell sharply from 7.7% in May to a fresh record low of 7.4% in June. Both bank loan... 15th July 2026 · 2 mins read
China Rapid Response China GDP (Q2) & Activity (Jun. 2026) The official GDP figures showed a sharper-than-expected slowdown in Q2, bringing them closer in line with our China Activity Proxy (CAP). This may largely represent a greater willingness to... 15th July 2026 · 4 mins read
Australia & New Zealand Economics Update Data centre boom making the RBA’s job harder Australia’s data centre boom has yet to generate a broad-based inflationary impulse. But by adding demand to an already stretched construction sector, it risks prolonging capacity constraints and... 15th July 2026 · 4 mins read
Global Commercial Property Chart Pack Global Commercial Property Chart Pack (July 2026) Strengthening economic activity in the US is set to support a pick-up in rental growth over the next year or so, but property performance is still likely to undershoot Europe. And while renewed Iran... 14th July 2026 · 0 mins read
Japan Economics Update AI boom will only provide small boost to inflation Japan’s economy isn’t benefitting much from the surge in demand related to artificial intelligence. While higher electronics import prices should result in faster price increases for household... 14th July 2026 · 3 mins read
