Japan Data Response Tankan (Q3) While the Tankan rose last quarter, a range of activity data point to a contraction in GDP in Q2. 1st July 2015 · 1 min read
China Economics Update Echoes of 2007 China’s equity markets ended a nerve-shredding month with a large bounce in the final hours of trading today. There are echoes of the bubble in 2007 and 2008 when prices swung wildly in both... 30th June 2015 · 1 min read
Latin America Chart Pack China still the key risk for Lat Am While many parts of the emerging and developed world are sweating over the potential fallout from a looming Greek exit from the Euro-zone, a deeper downturn in China remains the key external risk for... 30th June 2015 · 1 min read
Commodities Update Competition from soy will push palm oil prices lower The price of palm oil has struggled to find asense of direction this year, falling below MYR2,100 per tonne in April, before recovering to MYR2,300 by early June. In this Agricultural Commodities... 30th June 2015 · 1 min read
Industrial Metals Update The only way is up for nickel prices The price of nickel has fallen by nearly 10% from last Friday, despite early signs of a pick-up in globalnickel demand. Given that we expect supply to become more constrained in the second half of... 30th June 2015 · 1 min read
Africa Economics Update Domestic factors dominate African markets This month has seen most key African currencies depreciate and key equityindices fall. But while Europe’s latest crisis may have had some marginal effect oninvestor risk sentiment, the key drivers of... 30th June 2015 · 1 min read
US Data Response Conference Board Consumer Confidence (Jun.) The further rebound in the Conference Board measure of consumer confidence to within touching distance of the eight-year high seen earlier this year suggests that the surge in real consumption in May... 30th June 2015 · 1 min read
Emerging Markets Activity Monitor EM growth still slowing, but non-BRICs are picking up EM growth continues to slow and, according to our GDP Tracker, is now at its weakest pace in almost sixyears. However, the slowdown has almost entirely been driven by further weakness in the BRICs... 30th June 2015 · 1 min read
Canada Data Response GDP by Industry (Apr.) The unexpected 0.1% m/m decline in April's GDP and slight downward revisions to earlier figures suggest that the economy likely slipped into a recession in the second quarter. With the fallout from... 30th June 2015 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The continued slowdown in the Case-Shiller measure of house price growth seems odd when other indicators of housing activity have strengthened markedly and the wider economy is growing at a healthy... 30th June 2015 · 1 min read
Europe Economics Update Even a Yes vote might not prevent a Grexit A Yes vote in Sunday’s Greek referendum, if it goes ahead, will not guarantee the country’s futureinside the euro-zone. Not only is it unclear just what deal such an outcome would lead to, but... 30th June 2015 · 1 min read
Europe Commercial Property Update How might property markets respond if and when Grexit occurs? Today's PMI readings were slightly weaker than expected but do not change the general picture, which is that growth is recovering on the back of both an improvement in external demand and a policy... 30th June 2015 · 1 min read
UK Economics Update Consumer recovery picks up pace The household spending recovery is doing even better than was previously estimated. Admittedly, spending has recently been driven by falling saving. But it should not be long until the spending... 30th June 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (May) Activity data from Chile released today were a mixed bag – while retail spendingremained buoyant, industrial output fell sharply. All told, the recent run of softerdata means that our GDP Tracker is... 30th June 2015 · 1 min read
Global Markets Update How much of a boost would a Grexit provide to US Treasuries? The Greek authorities’ decision to call a referendum on the proposals of the country’s creditors triggered a decline of around 20bp in the yield of 10-year Treasuries, which has since been only partly... 30th June 2015 · 1 min read
