China Economics Update Temporary disruptions are delaying recovery but won’t derail it The Tianjin blast, along with efforts to ensure blue skies in Beijing ahead of this week’s Victory Day parade, will have weighed on industrial activity in August. But the drag from these disruptions... 31st August 2015 · 1 min read
Asia Economics Update Asian markets bear brunt of China-led sell-off Asian financial markets have been at the centre of the recent financial market turmoil that was triggered by fears about the health of the Chinese economy. The sell-off has raised concerns that a... 31st August 2015 · 1 min read
Emerging Europe Economics Update Currency weakness to have mixed impact on EM inflation The recent bout of currency weakness is likely to add to inflation concerns in EMs that have either seen their currencies fall a long way or have limited spare capacity in their economies (mainly... 31st August 2015 · 1 min read
China Economics Update Policy missteps cause market waves China’s policymakers have had a dreadful month with a series of market interventions that were both badly conceived and poorly communicated. 31st August 2015 · 1 min read
Japan Data Response Industrial Production (Jul.) The drop in industrial production in July suggests that economic activity will recover only slowly this quarter. 31st August 2015 · 1 min read
Commodities Weekly Focus may soon return to the Fed The relief rally in Chinese equities prompted by additional policy stimulus has turned global sentiment around, but a sustained recovery in commodity prices will probably require hard evidence that... 28th August 2015 · 1 min read
US Housing Market Update Could prospect of a rate rise boost activity in the short term? The housing market is well placed to cope with a gradual rise in interest rates. Indeed, there is some evidence that a gentle rise in rates can spur some potential buyers to get into the market before... 28th August 2015 · 1 min read
US Economics Weekly Dithering Fed still waiting for perfect conditions We are now assuming that, even if the rally in global stock markets continues, some Fed officials will still want to hold off on raising interest rates until October or even December. A September rate... 28th August 2015 · 1 min read
Non-Euro Europe Commercial Property Outlook Increasingly divergent outlook The Emerging European markets are beginning to diverge, with strong economic growth expected to support high levels of occupier activity in Poland, the Czech Republic and Romania, but Russia and... 28th August 2015 · 1 min read
Europe Commercial Property Outlook Capital values on track for their strongest annual gain since the crisis Compared to our last Analyst, we have moved up our rental growth forecasts for offices, reflecting limited development pipelines and falling vacancy rates. Rental growth across all sectors, combined... 28th August 2015 · 1 min read
Commodities Update A look at China’s growing corn problem Chinese import demand has been a key factorshaping agricultural commodity prices over thepast decade or more. Recently the NationalDevelopment and Reform Commission (NDRC)and the Ministry of... 28th August 2015 · 1 min read
Canada Economics Weekly Recovery from recession looking less clear cut Further declines in commodity prices, droughts and weaker business confidence indicate that the economy is struggling to escape the mild recession that began in the first half of the year. We still... 28th August 2015 · 1 min read
Global Central Bank Watch What does the market turmoil mean for monetary policy? The gyrations in equity and commodity markets have raised expectations that global monetary policy will remain looser for longer than previously expected, but we think that the fallout will actually... 28th August 2015 · 1 min read
Latin America Data Response Brazil GDP (Q2) The 1.9% q/q fall in second quarter GDP in Brazil was broadly in line with our forecast but a bit worse than the consensus had expected. To compound matters, revisions to the back series mean that the... 28th August 2015 · 1 min read
Global Markets Update Is the value of everything really too high? To some, the recent sell-off in global financial markets was merely the beginning of what will soon become a much bigger downturn, because the valuations of many assets remain excessively high... 28th August 2015 · 1 min read
