Asia Economics Weekly Chinese tourists to the rescue? A surge in spending by Chinese tourists across Emerging Asia is helping to compensate for a fall in the region’s goods exports to China. Spending by Chinese tourists should continue to grow at a rapid... 22nd May 2015 · 1 min read
Asia Economics Update Malaysia in no rush to cut rates despite low inflation Inflation in Malaysia looks set to remain low despite the introduction of a 6% Goods and Service Tax (GST), which came into force at the start of April. Although subdued inflation will give the... 22nd May 2015 · 1 min read
UK Commercial Property Update De Montfort Survey confirms cautious attitude to development The De Montfort University Lending Survey confirms anecdotal reports of an increasingly buoyant and competitive commercial property lending market. But it also suggests that lenders’ risk appetite is... 22nd May 2015 · 1 min read
UK Data Response Public Finances (Apr.) While April’s figures bring more good news on the current health of the public finances, a major and painful re-intensification of the fiscal squeeze will still be required for the Government to... 22nd May 2015 · 1 min read
Europe Data Response German Ifo Survey (May) & GDP Breakdown (Q1) May’s small fall in the German Ifo business climate indicator left it consistent with pretty strong growth and came as a relief after bigger falls in other surveys. But the decline in businesses’... 22nd May 2015 · 1 min read
China Chart Pack Property to remain a drag despite stronger sales Growth in property sales returned to positive territory for the first time in over ayear last month, helped by lower mortgage rates and a loosening of purchasecontrols. But hopes that this marks the... 22nd May 2015 · 1 min read
Japan Economics Weekly Boost from net exports to fade next year There are increasing signs that the weak yen is finally curbing demand for imported goods, but the trade deficit should nonetheless widen again next year as consumers bring forward spending ahead of... 22nd May 2015 · 1 min read
Japan Economics Update Bank of Japan to step up pace of easing in October The Bank of Japan’s more upbeat economic assessment today suggests that the introduction of more stimulus as early as July is off the table. However, we remain convinced that the prospect of prolonged... 22nd May 2015 · 1 min read
India Chart Pack Modi's first year: sparks but no fireworks As Prime Minister Modi's first year in office draws to a close, our view that the economic reform agenda would fall short of (at times frenzied) expectations appears to have been proved correct for... 22nd May 2015 · 1 min read
Australia & New Zealand Economics Weekly Budget bounce in confidence will be short-lived The bounce in consumer confidence in Australia triggered by the Budget will probably be temporary and won’t prompt households to flock to the shops. Even a Budget-related increase in business... 22nd May 2015 · 1 min read
Global Economics Update Global growth still set to pick up in Q2 Preliminary PMIs for May, which were published today, support our view that global growth is likely to pick up after a soft patch at the beginning of the year. We still think activity will rebound... 21st May 2015 · 1 min read
Precious Metals Update Platinum and palladium markets to remain tight We believe that platinum and palladium markets will be significantly tighter than the consensus currently anticipates in 2015. This should lead to further price rises in the second half of the year. 21st May 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Apr.) The drop in existing home sales in April was probably just payback for a strong rise in March rather than a sign the market is faltering again. The strengthening labour market and favourable... 21st May 2015 · 1 min read
Europe Economics Update Riksbank policy easing will need to be more aggressive The Riksbank’s third round of government bond buying got underway today. But we doubt that the programme will be enough to prevent the krona from appreciating and thereby depressing inflation. 21st May 2015 · 1 min read
US Economics Focus Did the US recovery just die without warning? We still believe that the unseasonably cold winter in the Northeast together with some strange seasonal quirks can explain a lot of the weakness in first-quarter GDP growth. It is true that the... 21st May 2015 · 1 min read
