Analysis on Fixed Income, Fx & Equity Markets

BMI View: Consensus opinion is slowly starting to move closer towards our downbeat assessment of China's macro and market outlook in H210 and 2011. This convergence will undoubtedly... 2010-06-08

BMI View: Japan's new premier, Naoto Kan, faces colossal economic challenges, which will take years, possibly even decades, to resolve. In the near term, we see increased risks to... 2010-06-04

We still expect the Central Bank of Sri Lanka to begin hiking rates by the end of the year, in spite of consumer price inflation falling to a six-month low of 5.3% y-o-y in May. With... 2010-06-03

The Oceanic currencies are firmly on the ropes, and key downside breaks in US$/AUD and US$/NZD appear to play into our long-held bearishness on both currency pairs. Regular readers... 2010-05-19

Unexpectedly strong import growth in the first two months of the year has prompted us to revise our balance of payments forecast. We now expect a trade deficit of US$5.0bn as compared... 2010-05-19

BMI View: One of our key regional market strategies for 2010 has been Chinese underperformance relative to Asian (and EM) assets as a whole. We believe that this dynamic, which has... 2010-04-26

We expect public resentment against China to remain a concern for the government leading up to Communist Party of Vietnam's National Congress in January 2011. With Hanoi's efforts... 2010-04-22

BMI View: While not unexpected, the 25bps repo rate hike in April has helped reinforce two of our key market calls for India - long INR/US$ and a 'Mumbai over Shanghai' equity view.... 2010-04-20

The State Bank of Vietnam is now struggling to get commercial banks to reduce their interest rates after having removed the cap on lending rates in early March. With the central bank... 2010-04-20

We remain sceptical of Myanmar's growth prospects going forward in spite of the hope for change instilled by the upcoming elections. This is because an ongoing crackdown on illegal... 2010-04-15