Non-Euro Europe Commercial Property Chart Pack Yields head lower in most markets Economic growth appears to have slowed in much of non-euro Western Europe in Q1, but maintained a solid pace in Emerging Europe, with the major exception of Russia. Russia’s troubles are also evident... 20th May 2015 · 1 min read
China Activity Monitor The worst may be over Our China Activity Proxy (CAP) confirms that growth weakened further last month. But with the recent step-up in policy support likely to shore up economic activity in coming months this could be about... 20th May 2015 · 1 min read
India Economics Update Equities retreat on domestic concerns India’s financial markets have struggled relative to their emerging market peers over the past few weeks, with the rupee weakening, bond yields edging up and the equity rally losing steam. These moves... 20th May 2015 · 1 min read
UK Housing Market Chart Pack Conservative win will revive prime London marke Housing demand is beginning to recover in London, with surveyors reporting the first rise in new buyer enquiries in over a year in April. Activity in the prime central London market is also set to... 20th May 2015 · 1 min read
Europe Economics Update Underemployment to keep a lid on German pay growth On the face of it, the recent drop in German unemployment points to a sharp rise in wages that might make ultra-loose ECB policy difficult to justify. But there is more slack in the labour market than... 20th May 2015 · 1 min read
UK Economics Update Unfunded pledges give Osborne a tough choice The Conservatives have made their job of eliminating the budget deficit by 2018/19 even harder by announcing a number of unfunded policy pledges in the run-up to the election. But the fact that they... 20th May 2015 · 1 min read
UK Data Response MPC Minutes (May) The minutes of May’s MPC meeting supported the message from last week’s Inflation Reportthat the most likely next move in interest rates will be up, but not for some time. Although two members still... 20th May 2015 · 1 min read
Europe Data Response Norwegian GDP (Q1) Q1’s GDP data showed that the decline in oil prices hit the economy fairly hard. While policymakers have the tools to prevent a more severe downturn, growth is likely to remain slow by past standards... 20th May 2015 · 1 min read
Africa Data Response South Africa Consumer Prices (Apr.) Inflation in South Africa rose to 4.5% in April, and we expect that it will continue to rise over the coming months. Accelerating inflation will put pressure on the Reserve Bank to raise interest... 20th May 2015 · 1 min read
Japan Data Response GDP (Q1 Preliminary The acceleration in GDP growth last quarter was mostly due to a jump in inventories, and a range of indicators point to a slowdown in the second quarter. 20th May 2015 · 1 min read
Nordic & Swiss Data Response Norwegian GDP (Q1 15) Q1’s GDP data showed that the decline in oil prices hit the economy fairly hard. While policymakers have the tools to prevent a more severe downturn, growth is likely to remain slow by past standards... 20th May 2015 · 1 min read
Emerging Europe Economics Update Ukraine’s debt restructuring: what to make of the latest moves The latest developments regarding Ukraine’s debt restructuring, including a law passed by parliament today which allows the government to renege on payments if needed, are themselves of little... 19th May 2015 · 1 min read
Africa Economics Update Nigerian central bank plays down case for tightening The Nigerian Monetary Policy Committee’s decision to leave its key interest rate at 13% at today’s meeting was not a surprise, but Governor Godwin Emefiele’s comments at the post-meeting press... 19th May 2015 · 1 min read
UK Economic Outlook Households well-placed to endure renewed fiscal squeeze Households have rarely had it so good – no inflation, strong jobs growth, reviving earnings, a breather from austerity and falling borrowing costs. As a result, we think that real household spending... 19th May 2015 · 1 min read
Energy Update US natural gas prices to continue to rally We think that the recent surge in US natural gas prices is set to persist, driven by higher demand from power plants, lower production and the first gas exports from the US to Asia and Europe. 19th May 2015 · 1 min read
