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November 13, 2025
Japan/China Tensions Over Taiwan
November 13, 2025 10:45 AM UTC
China wants to make Japan cautious about helping the U.S. in future military scenarios. With PM Takaichi tougher stance, China could decide to escalate tensions to reduce the risk of Japan becoming involved in future years. This could be restrictions of some critical minerals from China to Japan
UK GDP Review: Underlying Economy Listless - At Best
November 13, 2025 8:10 AM UTC
As we have underlined, GDP has hardly moved since March and, again, the latest update undershot consensus thinking. Indeed, GDP has fallen in two of the last three months (Figure 1), albeit where some recovery should be in store for the current quarter as these September numbers were hit (temporar
Asia Summary and Highlights 13 Nov
November 13, 2025 5:34 AM UTC
Australian October unemployment rate 4.3%
U.S. House votes to reopen the government
Trump has signed the bill to reopen the U.S. government
BOJ Governor Ueda told parliament that underlying inflation is “gradually accelerating” toward the 2% target
November 12, 2025
Bank of Canada Minutes from October 29 reinforce steady policy message after a 25bps easing
November 12, 2025 7:18 PM UTC
The Bank of Canada has released minutes from its October 29 meeting, and after a 25bps easing members agreed that monetary policy was now close to the limits of what it could do to support the economy under current circumstances. They agreed to be as clear as possible to communicate that policy was
U.S. Supreme Court Threat to Trump Tariffs
November 12, 2025 1:44 PM UTC
Hearings at the U.S. Supreme Court over the legality of Trump’s reciprocal tariffs suggests that at least a partial ruling against the tariffs is likely, probably before the end of the year, though there is no date set for the decision. Over half of Trump’s tariffs are threatened by the case b
UK Gilts: Fiscal, Politics and BOE
November 12, 2025 9:55 AM UTC
· 2yr Gilt yields have scope to fall through 2026, as we see growth and inflation slowing more than the BOE and this will likely see the MPC changing view and cutting policy rates to 3.25% in H1 2026. Though a pause could then be seen, we see one final BOE cut then being delivered to