UK Housing Market Update What impact will a Conservative majority have on the housing market? With the threat of a Mansion Tax removed, greater political certainty and interest rates likely to be held low for longer, the Conservative victory is an overall a positive for the housing market. But... 11th May 2015 · 1 min read
Metals Chart Pack Prices holding up well Precious metals prices have been relatively stable in recent years, compared to other commodity sectors. Within the precious metal sector, silver has been by far the best performer this year. We... 11th May 2015 · 1 min read
Emerging Europe Economics Update Q1 GDP data to show Russia in recession, Central Europe resilient The raft of preliminary first quarter GDP data set to be released this week across Emerging Europe should confirm that the Russian economy fell into recession, but that growth in Central Europe was... 11th May 2015 · 1 min read
US Housing Market Update What’s holding first-time buyers back? There is no evidence to suggest that homeownership aspirations amongst young households have diminished in recent years. And some of the cyclical factors holding back demand have also eased sharply... 11th May 2015 · 1 min read
UK Commercial Property Data Response Commercial property investment (Apr.) The value of commercial property deals struck in April slumped by 54%m/m. But the bulk of that decline can be accounted for by the fact that March’s total was boosted by two huge one-off deals. In... 11th May 2015 · 1 min read
UK Economics Update Austerity and low inflation likely to keep MPC inactive Since the first estimate of Q1 GDP has cast some doubt over the recovery’s health, the MPC is likely to have voted unanimously again at this month’s meeting to keep interest rates on hold. And while... 11th May 2015 · 1 min read
Emerging Markets Economics Update EM slowdown – why this time is different According to our GDP Tracker, EM growth has now fallen to a low last seen in the aftermath of the 2008-09 global financial crisis and, prior to that, the 2001-02 Argentine crisis. However, the causes... 11th May 2015 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Apr.) Egyptian inflation fell back to 11.0% y/y in April but we think the central bank will wait for inflation to ease further before it cuts interest rates again. The effects of last year’s energy price... 11th May 2015 · 1 min read
China Data Response Consumer & Producer Prices (Apr.) Consumer price inflation edged up in April and should continue to recover in coming months. This, along with signs that producer price inflation is also beginning to bottom out, should ease concerns... 11th May 2015 · 1 min read
China Economics Update PBOC injects another 25bp of support Today’s cut to benchmark interest rates is not a sign of panic as some will argue but a rational response to weaker-than-expected data. Policymakers have room to act more forcefully if needed but are... 11th May 2015 · 1 min read
Canada Data Response Labour Force Survey (Apr.) Although employment declined by a larger than expected 19,700 in April, the details showing strong full-time gains was reassuring, as was the fact that the unemployment rate remained at 6.8%... 8th May 2015 · 1 min read
DM Markets Chart Pack Fresh euro weakness should buoy German equities Although it has still been one of the best-performing developed world stock markets this year, the DAX index has come off the boil over the past month. We do not expect its recent weakness to continue... 8th May 2015 · 1 min read
Commodities Weekly Oil prices run ahead of themselves After a strong start to the week, with Brent seemingly heading for $70 per barrel, the recovery in oil prices ran out of steam by Friday. Indeed, the rebound over the last few months could simply... 8th May 2015 · 1 min read
Europe Economics Update New Finnish coalition’s austerity to drag on growth The new coalition government is likely to impose significant budget cuts that would drag on Finland’s already ailing economy. But there are reasons to think that fiscal consolidation might be less of... 8th May 2015 · 1 min read
