Spill-over from Chinese markets will probably remain contained

This report is only available as a PDF. Click to download.
Continue reading

More from Capital Daily

Capital Daily

More thoughts on developments under the hood of the NASDAQ

Although the prices of a growing number of shares in the NASDAQ 100 have been floundering recently, we are still not convinced that this heralds an imminent collapse in the index.

17 January 2022

Capital Daily

We doubt that EM equities will continue to outperform

While emerging market (EM) equities have performed better than developed market (DM) equities so far this year, we don’t think that this pattern is likely to continue.

14 January 2022

Capital Daily

Dollar drop is at odds with increasingly hawkish Fed

The US dollar has started the year on the backfoot and there are several factors that may weigh on it further in the near term. But we think that the Fed’s increasingly rapid shift towards a tighter policy stance will eventually push the greenback higher against most other currencies this year.

13 January 2022

More from Capital Economics Economist

Emerging Europe Economics Update

What should we make of Russia’s data revisions?

The upwards revisions to Russia’s industrial production figures have raised concerns about the quality of the data but, based on the figures released so far, the new series does seem to reflect economic conditions more accurately than the older series.

29 June 2018

Middle East Economics Update

Egypt rates on hold, easing cycle to resume in September

The Egyptian central bank’s decision to leave interest rates on hold (rather than lower rates) was a response to recently-announced subsidy cuts that will push up inflation. But the easing cycle is likely to resume at September’s MPC meeting. And we still think interest rates will, ultimately, be lowered by more than most analysts expect over the next couple of years.

28 June 2018

Energy Focus

Is the sun setting on the oil market?

Slowing economic growth and rapidly rising fuel efficiency, partly due to a surge in the number of electric vehicles, mean that growth in demand for oil will slow and eventually peak over the next twenty years. At the same time, plentiful oil reserves mean that supply should be ample. Indeed, the marginal cost of production is likely to fall as OPEC loses its pricing power and advances in shale technology force more expensive forms of production out of the market. As a result, we expect real oil prices to trend down over the next two decades.

28 June 2018
↑ Back to top