Japan Data Response Consumer Confidence (Aug.) While consumer confidence recovered in August, the moderation in households’ price expectations provides another reason for the Bank of Japan to step up the pace of easing. 9th September 2015 · 1 min read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Sep. 2015) Our Capital Flows Tracker shows that total capital outflows from EMs increased in August to their highest level since the global financial crisis. This was overwhelmingly due to flows out of China. By... 9th September 2015 · 1 min read
Global Markets Update Which G-10 commodity currencies remain vulnerable? Four of the worst-performing G-10 currencies since mid-2014 have been those of countries that export large amounts of commodities, namely the dollars of Canada, Australia and New Zealand, and the... 8th September 2015 · 1 min read
Precious Metals Update Q2 2015 Platinum Quarterly In its latest Platinum Quarterly report, published today, the World Platinum Investment Council (WPIC) depicted a challenging time for platinum in Q2. With the exception of investment demand... 8th September 2015 · 1 min read
Europe Economics Update Could Greece take advantage of a devaluation? Anxiety about Grexit may have subsided but the underlying issues have not changed. Greece still needs a weaker currency. The well-worn argument that Greece would not be able to take advantage of a... 8th September 2015 · 1 min read
Latin America Data Response Chile Consumer Prices (Aug.) The further rise in Chilean inflation last month, to 5.0% y/y, coming on the back of the hawkish message in the central bank’s latest Inflation Report, suggests that rate hikes may come sooner than we... 8th September 2015 · 1 min read
Europe Commercial Property Update Weakening demand coincides with office supply boom in Istanbul Weakening demand growth, an influx of new supply and the sharply depreciating lira are all set to have a negative impact on the office occupier market in Istanbul over the coming years. As such, the... 8th September 2015 · 1 min read
Commodities Update China’s commodity imports down but not out China’s trade data took another turn for the worse in August but, in common with other recent economic indicators, the weakness was partly due to temporary factors and the numbers have yet to reflect... 8th September 2015 · 1 min read
Middle East & North Africa Economics Update How big a deal is the Zohr gas field for Egypt? The recent announcement by Italian energy group Eni that it has discovered a “super giant” gas field off the coast of Egypt has been billed as a game changer for the country. However, as we explain in... 8th September 2015 · 1 min read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q2) Lenders are starting to adapt to new mortgage regulations, leading to a rise in both total lending and the proportion of higher loan-to-income ratio loans. But this didn’t distract banks’ attention... 8th September 2015 · 1 min read
China Economics Update Inflation on the rise Concerns over deflation in China look increasingly misplaced, with consumer priceinflation likely to have hit a one-year high in August and on course to rise further inthe final months of this year. 8th September 2015 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q2) Revisions to euro-zone GDP showed that the economy was slightly stronger in the first half of the year than previously thought. However, with inflation likely to fall and growth remain sluggish, we... 8th September 2015 · 1 min read
UK Data Response BRC Retail Sales Monitor (Aug.) On the face of it, August’s weak BRC Retail Sales Monitor may add to concerns that the economy has lost a bit of steam in the third quarter. However, the underlying picture is not as weak as it looks... 8th September 2015 · 1 min read
Emerging Europe Data Response Turkey Ind. Prod. (Jul.) & Hungary CPI (Aug.) The sharper-than-expected slowdown in Turkish industrial production in July, coming alongside the fall in August’s manufacturing PMI, reinforces our view that GDP growth is likely to weaken in the... 8th September 2015 · 1 min read
China Data Response Trade (Aug.) Trade growth remained subdued last month but there are good reasons to think that the outlook is brighter than many believe. 8th September 2015 · 1 min read
