Nordic & Swiss Data Response Swiss GDP (Q2 15) Q2’s GDP release revealed that Switzerland has so far avoided a recession despite the strength of the franc. But it seems very unlikely that positive contributions from net trade can be sustained and... 28th August 2015 · 1 min read
Latin America Economics Update China concerns send Lat Am markets tumbling The turmoil of the past few weeks has pushed many financial markets in LatinAmerica below our end-year targets. If we’re right in thinking that China’seconomy should avoid the hard landing that many... 27th August 2015 · 1 min read
UK Markets Outlook Markets shift too far towards expecting low rates to last For many years we have argued that UK markets were pricing in too early and too fast a tightening of monetary policy. But now, markets, which currently expect the MPC to leave interest rates on hold... 27th August 2015 · 1 min read
Global Markets Update Will stock market upheaval deter the Fed from tightening? We doubt the recent plunge in global equity prices will have a major bearing on the FOMC’s decision next month. Nonetheless, it may provide an excuse for the Committee to hold fire. 27th August 2015 · 1 min read
Industrial Metals Update What do the new Indonesian regulations mean for tin prices? Indonesia, the world’s top exporter of tin, has introduced new regulations on the production and shipping of the solder metal. On their own, the new controls are unlikely to boost prices, but they... 27th August 2015 · 1 min read
Emerging Europe Economics Update Ukraine’s debt restructuring deal only a small step forward Following months of difficult negotiations Ukraine has finally managed to agree on a debt restructuring deal with its creditors. But the deal itself is too small to make much of a dent in Ukraine’s... 27th August 2015 · 1 min read
Capital Daily How much will the market turmoil influence the Fed’s thinking? 27th August 2015 · 1 min read
UK Commercial Property Chart Pack Yields stall in July The pace of commercial property capital value growth eased again in July. But as the contribution from yield compression continues to fade, that was always to be expected. More encouragingly, there is... 27th August 2015 · 1 min read
ECB Watch Euro’s rise puts Draghi under pressure again The rise in the euro exchange rate has put the onus on the ECB to maintain and perhaps increase monetary policy support. We doubt that the Bank will announce any policy changes following its meeting... 27th August 2015 · 1 min read
Asia Chart Pack Foreigners head for the exits The financial turmoil of the past month in Asia has seen foreign investors scramble for the exit. Net foreign outflows from the region’s equity markets have reached nearly US$10bn so far in August... 27th August 2015 · 1 min read
Emerging Markets Activity Monitor EM growth lacklustre, but not collapsing EM growth edged down further in June. But for all the gloom in the headlines, we see no sign of the collapse some are talking about. In particular, in China, after a weak start to the year, conditions... 27th August 2015 · 1 min read
Europe Economics Update Danish bond issuance restarts, but rate hikes a long way off Although Denmark’s central bank has started to unwind some of the special measures that it introduced earlier this year to cap upward pressure on the currency, we still think that the deposit rate is... 27th August 2015 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jul.) July’s euro-zone monetary data suggest that Q2’s slowdown in GDP growth is not the beginning of a more substantial downturn. Nevertheless, growth is likely to remain sluggish. And the problems in... 27th August 2015 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Aug.) Nationwide reported a softening in house price growth for August, with the annual rate falling from 3.5% to 3.2%. But with supply conditions still tight, as well as economic and mortgage market... 27th August 2015 · 1 min read
Europe Data Response Spanish GDP (Q2 2nd est.) The strong expansion in Spain’s economy in Q2 was powered by domestic demand. But this partly reflected the effects of lower oil prices and looser fiscal policy ahead of the general election. As these... 27th August 2015 · 1 min read
Asia Data Response Philippines GDP (Q2) GDP growth in the Philippines rebounded in the second quarter after slipping to its slowest rate in over three years in Q1. Conditions in the domestic economy look healthy, and a recovery in exports... 27th August 2015 · 1 min read
