US Economics Update JOLT survey shows labour market remains robust The rebound in the job openings rate to 3.7% in September, from 3.6%, illustrates that labour market conditions remain robust. September was also only the second month on record that the job openings... 12th November 2015 · 1 min read
Europe Data Response Swedish Consumer Prices (Oct.) The very low rate of inflation in Sweden in October suggests that the Riksbank will need to put any lingering concerns about household debt to one side and increase its monetary policy support in... 12th November 2015 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Oct.) The strength of Australia’s labour market in October builds on other evidence that suggests the economy has made some big leaps forward in recent months. It diminishes the chances of further rate cuts... 12th November 2015 · 1 min read
UK Commercial Property Data Response Employment (September) Today’s jobs numbers were slightly higher than we had expected implying that occupier market conditions are still healthy. Indeed, today’s jobs numbers are broadly consistent with our rental growth... 11th November 2015 · 1 min read
UK Data Response Labour market data (Sep./Oct.) Labour market activity is still looking quite healthy. But the slowdown in wage growth in the latest figures confirmed that an interest rate rise is still some way off. 11th November 2015 · 1 min read
Canada Economics Update Growing labour market slack to restrain core inflation Recent headline employment gains mask a deterioration in underlying labour market conditions. If, as we fear, the economy continues to struggle in response to the worsening oil price slump, then... 10th November 2015 · 1 min read
Global Markets Update Markets look set to take first Fed rate hike in their stride The relatively calm reactions to Friday’s strong US employment report support our view that the gradual return of US interest rates towards more normal levels is unlikely to be the seismic shock that... 9th November 2015 · 1 min read
Europe Economics Update Will Italy’s labour market recovery continue? Italy’s labour market has shown some strong signs of improvement since the summer, but we suspect that this is unlikely to last. Reduced tax incentives for hiring, as well as sluggish economic growth... 9th November 2015 · 1 min read
Japan Data Response Labour Cash Earnings (Sep.) Wage growth edged up in September but still falls short of trend productivity growth. The upshot is that the tight labour market has yet to create noticeable cost pressures. 9th November 2015 · 1 min read
Canada Economics Weekly Even the bulls are nervous about housing now Investors who have paid attention to indicators of growing imbalances in Canada’s hot housing market over the years won’t be surprised by recent warnings of potential housing corrections from certain... 6th November 2015 · 1 min read
US Economics Weekly Business investment not unusually low The current level of business investment is not unusually low, with firms opting to use funds to pay dividends or buy back equity instead. Nevertheless, that doesn’t mean the outlook for business... 6th November 2015 · 1 min read
Canada Data Response Labour Force Survey (Oct.) The 44,400 gain in employment in October was stronger than anyone expected and an indication the economy is withstanding the oil shock better than previously thought. While the details weren’t quite... 6th November 2015 · 1 min read
US Data Response Employment Report (Oct.) The much bigger than expected 271,000 surge in non-farm payrolls in October confirms that the weakness in August and September was just a temporary blip and, given the circumstances, a December... 6th November 2015 · 1 min read
Global Economics Chart Pack Growth picking up again at the start of Q4 Concerns that a hard landing in China may tip the world into a fresh recession look increasingly wide of the mark. The latest business surveys and credit data suggest that China itself may be... 5th November 2015 · 1 min read
Canada Economic Outlook Economy will struggle to cope with oil shock Although the mild recession in the first half of this year has ended, the drag from falling business investment triggered by the slump in oil prices is far from over and growing imbalances in the... 4th November 2015 · 1 min read
UK Economics Chart Pack Economic recovery picks up pace at the start of Q4 The latest business surveys support our view that the slowdown in the economy in Q3 was just temporary. Gains in both the Markit/CIPS manufacturing and service sector PMIs in October left the economy... 4th November 2015 · 1 min read
