UK Data Response CBI Distributive Trades Survey (Apr.) According to the latest CBI Distributive Trades Survey, weak food sales pulled down overall retail sales growth in April. However, high levels of consumer confidence, strong jobs growth and rising... 29th April 2015 · 1 min read
UK Commercial Property Chart Pack Yield compression strengthens again in March The economy slowed in the first quarter of the year, but survey evidence typically indicates that activity and confidence strengthened again in March. Moreover, although core inflation took a step... 29th April 2015 · 1 min read
Europe Economics Update Swedish Riksbank increases stimulus to battle deflation Sweden’s Riksbank stepped up its fight against deflation by more than doubling the size of its government bond purchase programme and reiterating its willingness to make monetary policy even more... 29th April 2015 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Apr.) The rise in April’s Economic Sentiment Indicators (ESIs) across most of Central and South Eastern Europe was encouraging, particularly in light of the drop in the corresponding figure for the euro... 29th April 2015 · 1 min read
Asia Economics Update Bank of Thailand to adopt wait-and-see stance Against a backdrop of weak growth, negative inflation and government pressure for further easing, the Bank of Thailand (BoT) cut its policy rate by 25 basis points for the second straight meeting... 29th April 2015 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) March’s euro-zone monetary data suggest that economic growth might pick up in the coming months. But the continued wrangling over Greece’s fiscal situation presents a significant risk to the country’s... 29th April 2015 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Apr.) A strong 1% rise in house prices during April brings the Nationwide into line with other measures which show that prices have been picking up since the start of the year. Record high employment... 29th April 2015 · 1 min read
Africa Economics Update Borrowing no substitute for reform in Angola The Angolan government’s attempt to use external borrowing to plug the country’s twin fiscal and current account shortfalls opened by low oil prices is, at best, a temporary measure. This will... 29th April 2015 · 1 min read
Commodities Outlook Turning the corner The (largely positive) views set out in our first quarterly of 2015 have mostly been proved right. We continue to believe that this will be a year of recovery for commodity prices as a whole... 28th April 2015 · 1 min read
Global Markets Update What’s been driving up the MSCI EM Asia Index? Net foreign purchases of equities are published on a daily basis in five of the eight countries in the MSCI Emerging Markets Asia Index – India, Indonesia, the Philippines, South Korea and Thailand... 28th April 2015 · 1 min read
Latin America Economics Update Lat Am currencies find their feet Following an extended period of weakness, it appears that Latin America’s currencies have finally started to find their feet. Most have been broadly flat against the dollar so far this month, while... 28th April 2015 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates / Case-Shiller (Q1/Feb.) Although today’s data suggest house price growth slowed slightly at the start of the year, they support our view that rental inflation could soon reach a 25-year high. 28th April 2015 · 1 min read
Europe Economics Update Why are the markets still so relaxed about a Grexit? Rising expectations of a Greek exit from the euro-zone are still not prompting contagion effects or more general concerns about the euro-zone economy. We fear that the markets are too relaxed. 28th April 2015 · 1 min read
Europe Commercial Property Update Stockholm offices capital growth to reach double figures this year Stockholm offices are forecast to produce solid rent rises in 2015. Coupled with prime yields falling to 4%, this will drive double-digit capital growth this year. 28th April 2015 · 1 min read
India Economics Update The implications of a weak monsoon Forecasts for a weaker-than-normal monsoon in India this year have raised concerns about the effect on the wider economy. Although lower rainfall could affect GDP growth and inflation at the margin... 28th April 2015 · 1 min read
