Europe Economics Update Current account adjustments not just cyclical The improvement in most peripheral countries’ current account positions since the financial crisis should not be fully reversed as their economies recover. However, if and when Greece returns to... 1st October 2015 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (Sep.) September’s Markit/CIPS report on manufacturing provided further evidence that the economic recovery is extremely dependent on the services sector at present. 1st October 2015 · 1 min read
Africa Data Response South Africa Manufacturing PMI (Sep.) The second consecutive below-50 PMI reading provides more evidence that the strong manufacturing output figures reported for July were a blip and that the sector remains mired in slow growth. 1st October 2015 · 1 min read
Emerging Europe Data Response Manufacturing PMIs (Sep.) Last month’s manufacturing PMIs for Emerging Europe brought mixed news. Activity in Central Europe appears to have held up reasonably well, and the surveys suggest that the slump in the Russian... 1st October 2015 · 1 min read
India Data Response Manufacturing PMI (Sep.) The fall in India’s manufacturing PMI reading in September highlights the fact that, despite recent signs of a recovery in activity, local industry continues to face significant headwinds. 1st October 2015 · 1 min read
Asia Data Response Manufacturing PMIs (Sep.) Emerging Asia's PMIs remained weak in September, but in the three economies where the PMIs most closely track the hard data, the surveys suggest that manufacturing conditions may be slowly turning a... 1st October 2015 · 1 min read
China Data Response Manufacturing PMIs (Sep.) Downbeat sentiment is still weighing on the PMIs, but today's better-than-expected readings still support our view that the economy is holding up better than many think. 1st October 2015 · 1 min read
Japan Data Response Tankan (Q3) While today’s Tankan was not as bad as most had feared, it nonetheless corroborates other signs that Japan’s economic recovery has ground to a halt. 1st October 2015 · 1 min read
Asia Economics Update Panic subsides, but pessimism lingers Although the China-led panic that swept through Asian markets in August has subsided over the past month, most of the region’s currencies and equity markets still recorded losses. Investor sentiment... 30th September 2015 · 1 min read
China Economics Update The view from the ground – Q3 2015 The latest surveys of banks, companies and households in China show a marked deterioration in sentiment about the economy although measures of business profits and orders and of the labour market have... 30th September 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Crude oil and gasoline stocks both jumped last week, driven by lower refinery runs, higher imports and a dip in demand for oil products. 30th September 2015 · 1 min read
US Economics Update Will surging external debt trigger a dollar crisis? Although America’s current account deficit is still a modest 2.4% of GDP, well below the 6.3% peak reached in late 2005, net external debt has more than quadrupled since mid-2007. Liabilities to... 30th September 2015 · 1 min read
Global Markets Update Does competitiveness influence EM stock market performance? The progress on structural reforms made by many emerging market economies over the past year bodes well for the performance of their stock markets over the long run. And although other factors are... 30th September 2015 · 1 min read
Middle East & North Africa Chart Pack Signs of stabilisation in Egypt and UAE Financial markets across the MENA region have been hit over the past few months, but there are at least signs that growth has stabilised in key economies. After a disappointing first half of the year... 30th September 2015 · 1 min read
Commodities Update Glencore’s woes may have silver lining for commodities We would not be surprised if the well-publicised problems at Glencore actually mark a trough for the prices of many industrial commodities. This (perhaps rather counter-intuitive) conclusion is based... 30th September 2015 · 1 min read
China Economics Update Equity markets find their footing, but rebound unlikely After a tumultuous few months, Chinese stock markets stabilised ahead of a week-long recess for the Golden Week holidays. Meanwhile, market interest rates remain near record lows and the PBOC appears... 30th September 2015 · 1 min read
