China likely to step up fiscal and monetary policy support, allow weaker RMB, in response to hefty US tariff hike;
Caixin services activity rises
Duncan WrigleyChina+
ADP distracts more than it informs.
Oliver Allen (Senior US Economist)US
- In one line: Reduced confidence and tight financial conditions are drags.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: The nascent improvement is far from comprehensive.
Miguel Chanco (Chief EM Asia Economist)Global
The nascent improvement in ASEAN manufacturing is far from comprehensive
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Stamp duty changes halt house price inflation in March, but it will accelerate again.
Rob Wood (Chief UK Economist)UK
- In one line: Tariffs will keep manufacturing output falling for the forseeable future.
Rob Wood (Chief UK Economist)UK
Tariff uncertainty is weighing on manufacturing.
Oliver Allen (Senior US Economist)Global
Tariff uncertainty is weighing on manufacturing.
Oliver Allen (Senior US Economist)US
- In one line: A poor headline, but the underlying trend remains positive.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A poor headline, but the underlying trend remains positive.
Andrés Abadía (Chief LatAm Economist)Latin America
In one line: Soft enough for an April cut? We don’t think so.
Claus Vistesen (Chief Eurozone Economist)Global
In one line: Soft enough for an April cut? We don’t think so.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: A new record low; another data point for ECB hawks.
Melanie Debono (Senior Eurozone Economist)Eurozone
In one line: Our PM composite PMI points to another solid increase in GDP in Q1.
Melanie Debono (Senior Eurozone Economist)Eurozone
In one line: We now see the March EZ HICP up by 0.7% m/m, and by 2.2% y/y.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- In one line: Blame mainly an unsurprising reversal of the January jump in petroleum products.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
In one line: Headline in line with consensus; core looks strong considering Easter effects.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- In one line: First red ink since mid-2023, as the inexplicable lift from ‘other’ sales continues to unwind.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- In one line: Poor headlines, but we think growth momentum will remain positive in H1.
Andrés Abadía (Chief LatAm Economist)Latin America
