Global Markets Update Six glimmers of light Today has obviously been an awful day in the markets, particularly for equities and industrial commodities. But stepping back from the headlines, six more positive points are worth stressing. 24th August 2015 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Aug.) The drop in Mexican inflation in the first half of the month suggests that the sharp fall in the peso is still having little impact on domestic price pressures. While the recent sell-off in the... 24th August 2015 · 1 min read
Global Markets Update Why this is not a re-run of previous EM crises An 8.5% fall in the Shanghai Composite Index has sent shockwaves through EM equity markets, but we continue to think that there are few parallels between what is happening now and previous crises... 24th August 2015 · 1 min read
Emerging Markets Economics Update Making sense of the EM sell-off The rout in EM financial markets is generating increasingly hysterical headlines with many commentators seemingly fighting to outdo one another with predictions of doom and gloom for emerging... 24th August 2015 · 1 min read
Asia Economics Update Five questions and answers about the market sell-off A sense of panic gripped Asian markets today, creating concerns over the outlook for the region’s economies. In this Update we answer five questions that have been raised by the market moves. 24th August 2015 · 1 min read
Emerging Europe Economics Update What does the latest fall in oil prices mean for Russia? The latest plunge in global oil prices and the associated depreciation of the ruble have added to what was already a bleak picture for the Russian economy and reinforce our view that this year’s... 24th August 2015 · 1 min read
Europe Economics Update When will Finland’s unemployment rate start to fall? Finland’s unemployment rate has been on the rise for the best part of three years. While we do not think that it will climb much further, we do not expect it to fall much over the next few years... 24th August 2015 · 1 min read
Frontier Markets Wrap Which frontier market peg could be the next to go? The recent devaluation of China’s renminbi and the slump in commodity prices were the two key factors behind Vietnam’s decision last week to widen the dong trading band with the dollar and the... 24th August 2015 · 1 min read
Africa Economics Update Nigeria: Oil not the only worry Nigeria’s economy has struggled this year, with the most obvious cause being the recent collapse of global oil prices. But this isn’t the only obstacle to faster growth in Sub-Saharan Africa’s largest... 24th August 2015 · 1 min read
Nordic & Swiss Economics Update Rate cut in Iceland set to be a one-off Today’s rate cut by the Sedlabanki is likely to be a one-off. Indeed, the recent acceleration of economic growth suggests that the risks to the Bank’s new inflation forecasts are tilted to the upside... 24th August 2015 · 1 min read
Nordic & Swiss Economics Update When will Finland’s unemployment rate start to fall? Finland’s unemployment rate has been on the rise for the best part of three years. While we do not think that it will climb much further, we do not expect it to fall much over the next few years... 24th August 2015 · 1 min read
Canada Economics Weekly Don’t bet on further big falls in the Canadian dollar Markets still appear to be speculating on further declines in the Canadian dollar versus the US dollar but, after a 20% decline over the past 12 months, we believe that there is little scope for any... 21st August 2015 · 1 min read
Commodities Weekly China panic spreads The negative sentiment prompted by the slide in the renminbi has been compounded by further weakness in Chinese equities and another soft reading of the country’s manufacturing PMI. What’s more... 21st August 2015 · 1 min read
Global Economics Update Flash PMIs (Aug.) Among the “flash” business surveys published today, the fall in China’s manufacturing PMI has, understandably, attracted the most headlines. However, surveys for the other major economies suggest that... 21st August 2015 · 1 min read
US Economics Weekly Fed has set a pretty low bar for a rate hike The projections made by Fed officials back in June indicated that they were setting a pretty low bar for hiking interest rates later this year. Nevertheless, despite those low expectations, officials... 21st August 2015 · 1 min read
