UK Markets Outlook Markets pricing in only mild recession UK financial markets have responded strongly to the deterioration in the outlook for the domestic and global economies over recent months, with equity prices and bond yields both falling sharply... 20th November 2008 · 1 min read
UK Economics Update Fiscal boost and lower pound won't do the MPC's job The prospect of a fiscal boost in the forthcoming Pre-Budget Report and the recent sharp fall in the sterling exchange rate are both positive developments for the UK economy. But they will not prevent... 17th November 2008 · 1 min read
UK Markets Chart Pack MPC takes a bold step (Nov 08) The historic 150 basis point cut in interest rates in November shows that the MPC is facing up to the seriousness of the situation. And it is encouraging that three month LIBOR has fallen sharply in... 13th November 2008 · 1 min read
Europe Economics Update Swiss franc’s appreciation supports case for hefty rate cuts The franc’s latest appreciation to a record high against the euro appears to reflect the weakness of the euro-zone economy more than Swiss domestic factors. But the franc’s strength is yet another... 28th October 2008 · 1 min read
Nordic & Swiss Economics Update Swiss franc’s appreciation supports case for hefty rate cuts The franc’s latest appreciation to a record high against the euro appears to reflect the weakness of the euro-zone economy more than Swiss domestic factors. But the franc’s strength is yet another... 28th October 2008 · 1 min read
Nordic & Swiss Economics Update Swedish interest rates to fall to 3.0% by mid 2009 The decision by the Swedish Riksbank to cut interest rates to 3.75%, the second 50 basis points cut this month, clearly shows that the Bank’s full attention is now on preventing a major economic... 23rd October 2008 · 1 min read
Europe Economics Update New forecasts for currencies and commodities The recent acceleration in the dollar’s appreciation against other major currencies (with the notable exception of the yen) reflects a combination of factors, none of which is likely to reverse any... 22nd October 2008 · 1 min read
Asia Economics Update New forecasts for currencies and commodities The recent acceleration in the dollar’s appreciation against other major currencies (with the notable exception of the yen) reflects a combination of factors, none of which is likely to reverse any... 22nd October 2008 · 1 min read
Global Markets Update New forecasts for currencies and commodities The recent acceleration in the dollar’s appreciation against other major currencies (with the notable exception of the yen) reflects a combination of factors, none of which is likely to reverse any... 22nd October 2008 · 1 min read
UK Markets Chart Pack Muted response to bank recapitalisation (Oct 08) The historic measures announced by the UK government and policymakers around the world appear to have avoided a full-scale financial meltdown. But the response of the markets has been fairly muted... 16th October 2008 · 1 min read
Nordic & Swiss Economics Update Iceland’s latest measures no silver bullet for the economy The Icelandic authorities are fighting tooth and nail to restore confidence in the ailing economy and crumbling banking system. But it seems inevitable that the economy is set for a prolonged slowdown... 7th October 2008 · 1 min read
Asia Economics Focus Markets are wrong about the renminbi Markets appear to have all but given up on the idea that the renminbi will appreciate against the dollar over the next year. But we find nothing in the data on China’s real economy or in the outlook... 11th September 2008 · 1 min read
UK Markets Chart Pack Market rates fail to respond to US GSE bailout (Sep 08) We doubt that the US bailout of the Government Sponsored Enterprises Fannie Mae and Freddie Mac marks the end of the financial crisis. Indeed, the rebound in global equities has been short-lived and... 11th September 2008 · 1 min read
China Economics Focus Markets are wrong about the renminbi Markets appear to have all but given up on the idea that the renminbi will appreciate against the dollar over the next year. But we find nothing in the data on China’s real economy or in the outlook... 11th September 2008 · 1 min read
