FX Markets Focus How undervalued is the renminbi? Even though the renminbi is at its strongest level against the US dollar since 2022, in real trade-weighted terms it remains close to its weakest in more than a decade. In our assessment, it is... 6th October 2026 · 19 mins read
Asia Economics Update China Shock 2.0: a growing challenge for Korea China’s rise up the manufacturing value chain is putting increasing pressure on Korean producers. The impact has been particularly pronounced in batteries, petrochemicals and shipbuilding, where... 5th October 2026 · 3 mins read
Japan Economics Update Financial stability concerns won’t derail rate hikes While higher bond yields are creating valuation losses, higher interest rates are lifting banks’ lending margins. What’s more, higher rates are not creating major problems for insurance firms. The... 5th October 2026 · 4 mins read
China Economics Weekly AI trade surplus rising, despite surge in chip imports China's trade deficit in chips and computing equipment has increasing significantly over the past year as imports have surged. But an even larger pick-up in exports of other goods required to build... 2nd October 2026 · 4 mins read
Asia Economics Weekly Rapid and lopsided growth in Korea, CBSL on hold Recent Korean data have been mixed, with weak consumer spending being offset by continued strength in exports. We expect the economy to grow by 4% this year. Meanwhile, Sri Lanka’s central bank left... 2nd October 2026 · 4 mins read
India Economics Weekly Activity data provide comfort ahead of rate hike The upbeat activity data released this week will have provided the RBI with some extra comfort ahead of next week's policy announcement. With rising inflation the key focus, we expect a 25bp increase... 2nd October 2026 · 3 mins read
Japan Economics Weekly Upside risks to our interest rate forecasts are growing The data released this week vindicate the Bank of Japan’s concerns about upside risks to inflation and we expect the Bank to keep hiking rates once every quarter. With few signs that higher interest... 2nd October 2026 · 5 mins read
Australia & New Zealand Economics Weekly RBA’s tightening cycle is likely at an end The RBA left the door open to further tightening when it hiked rates by 25bp this week. However, policy is already well into restrictive territory and much of this year’s tightening has yet to work... 2nd October 2026 · 4 mins read
Global Commercial Property Update Self-storage, SFR and senior living offer the greatest potential Alternatives with strong secular drivers are well placed to deliver robust demand growth, with those that are less institutionalised – such as self-storage, single-family rental and senior living –... 1st October 2026 · 3 mins read
Australia & New Zealand Economics Update No reprieve for the housing market yet Australia’s housing downturn still has further to run, even if there are tentative signs that demand is beginning to stabilise. Weakening housing market conditions should help ease shelter inflation... 1st October 2026 · 3 mins read
Japan Rapid Response Japan Tankan (Q3 26) The Q3 Tankan survey showed that overall business conditions were the most favourable in decades, which should encourage the Bank of Japan to keep tightening policy at a faster pace 1st October 2026 · 2 mins read
Global Economic Outlook Weathering the energy shock We expect the global economy to remain resilient in the face of the energy shock. In Asia, many governments will continue to shield their economies from the worst of higher energy prices. In most DMs... 30th September 2026 · 46 mins read
RBI Watch RBI poised to kick off hiking cycle The consensus has come around to our view that the Reserve Bank of India (RBI) will hike the repo rate by 25bp to 5.50% at the conclusion of the upcoming MPC meeting on Wednesday 7th October. After... 30th September 2026 · 7 mins read
China Economics Update China's targeted stimulus not enough, fiscal push remains key China’s latest stimulus package eschews broad-based easing in favour of targeted measures to support housing demand and bank lending to specific sectors. It is unlikely to have a big impact on its own... 30th September 2026 · 6 mins read
Australia & New Zealand Economics Update Public sector still not providing helping hand to RBA The public sector has reined in its profligate tendencies ever so slightly in recent quarters, but the 2026/27 state and federal Budgets point to continued strong growth in government spending. That... 30th September 2026 · 3 mins read
China Rapid Response China PMIs (Sep. 2026) The PMI readings for September were reassuring. Downward pressure on construction activity eased markedly, reflecting the fading impact of typhoon disruptions and a likely pick-up in fiscal spending... 30th September 2026 · 2 mins read
