Industrial Metals Update China still controls its REE exports, despite “looser” regime Despite “loosening” its rare earths (REE) export regime, China will continue to control global supply. As such, our view remains that REE prices are unlikely to fall much further. 30th June 2015 · 1 min read
Asia Economics Update Asian markets remain calm about "Grexit" threat Although most Asian equities markets and currencies weakened in June, reflectingrising expectations that the US Fed will soon start to raise interest rates and thegrowing risk of Greece exiting the... 30th June 2015 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jun.) & Unemployment (May) The renewed decline in euro-zone HICP inflation in June highlighted that the ECB still has a lot of work to do to hit its inflation target in the medium term. 30th June 2015 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q1) The national accounts showed that the recovery has more momentum than previously thought. And while the fall in household saving and huge current account deficit suggested that recent growth has... 30th June 2015 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Jun.) The upbeat tone of June’s GfK consumer confidence survey suggests that household spending should continue to grow robustly in the near term and is another reason to think that the overall economic... 30th June 2015 · 1 min read
Emerging Markets Economics Update A selection of our key calls This note summarises our key calls for emerging markets, emphasising where we differ from the consensus. Detailed projections (with specific numbers) are available in our regular publications on the... 30th June 2015 · 1 min read
India Economics Update Will the monsoon session of parliament be another washout? The monsoon session of parliament, due to begin in mid-July, has taken on extra significance given that the government's reform agenda has recently run into roadblocks. Top of the list of priorities... 30th June 2015 · 1 min read
Asia Chart Pack Risk of “Grexit” hangs over Asia’s export outlook The direct links between Emerging Asia and Greece are very limited. Exports to Greece account for only a tiny proportion of regional GDP, while banking sector ties are negligible. What matters more... 30th June 2015 · 1 min read
Japan Data Response Labour Cash Earnings (May) Beyond a handful of economies in Emerging Europe, the direct links between Greece and the rest of the emerging world are limited. What matters for most EMs is not so much the crisis in Greece itself... 30th June 2015 · 1 min read
Emerging Markets Economics Update Grexit, the euro-crisis and the risks for EMs Beyond a handful of economies in Emerging Europe, the direct links between Greece and the rest of the emerging world are limited. What matters for most EMs is not so much the crisis in Greece itself... 29th June 2015 · 1 min read
Global Economics Update Private consumption after a currency crisis Contrary to conventional wisdom, economic recoveries following a large devaluation have not always resulted from a surge in net exports. Instead, they have often been driven by rising consumption... 29th June 2015 · 1 min read
Global Economics Update The global fallout of “Grexit” (revisited) If, as seems increasingly likely, Greece defaults and exits the euro-zone within the coming months, the implications for the world economy should be fairly modest. Indeed, it could even turn out to be... 29th June 2015 · 1 min read
Capital Daily How will markets react if the Greek referendum leads to a Grexit? 29th June 2015 · 1 min read
Africa Economics Update South Africa dodges power price hike, but crisis will linger South Africa’s energy regulator has rejected a proposed hike to electricity prices, sparing South Africa’s overstretched consumers the pain of higher prices. But the decision will only exacerbate the... 29th June 2015 · 1 min read
Europe Data Response German Flash CPI (Jun.) June’s sharp fall in German HICP inflation confirmed that underlying price pressures have remained very subdued even in the euro-zone’s strongest economy. 29th June 2015 · 1 min read
Global Markets Update Will markets remain this calm if and when Grexit occurs? Although some of the initial reaction in the markets to the decision by the Greek authorities to hold a referendum has been unwound, there is plenty of scope for renewed volatility in the event of a... 29th June 2015 · 1 min read
