Latin America Data Response Brazil Current Account (Mar.) Changes to the methodology that Brazil uses to produce its balance of payments data have resulted in an even larger current account deficit. However, the impact on financial markets – and the currency... 22nd April 2015 · 1 min read
UK Commercial Property Update Is industrial property now overvalued? The record low spread between industrial yields and the all-property average is not a sign that industrial property is too expensive. Rather it largely reflects the fact that retail yields are still... 22nd April 2015 · 1 min read
Europe Economics Update Austria’s bank troubles will have euro-zone repercussions The ongoing uncertainty and legal suits over the wind-down of a small Austrian provincial bank might seem like the least of the euro-zone’s current concerns. But the wind-down of Hypo Alpe Adria’s bad... 22nd April 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Mar.) The leap in existing home sales to an 18-month high in March shows that sales are finally gathering momentum after a slow start to 2015. Looser credit conditions and strong growth in jobs and incomes... 22nd April 2015 · 1 min read
UK Economics Update EU referendum uncertainty needn’t derail the recovery The deal which looks likely to be sewn up at this week’s EU Council meeting should pave the way for David Cameron to announce a date for the EU referendum soon and officially launch his campaign to... 22nd April 2015 · 1 min read
Emerging Europe Economics Update The EC’s case against Gazprom – the key points The European Commission today charged Gazprom with abusing its dominant position in Eastern Europe’s gas market. In this Update, we answer five key questions about the decision and the implications... 22nd April 2015 · 1 min read
US Fed Watch Fed waiting for data to break one way or the other With no scheduled press conference or forecast update at next week's FOMC meeting, expectations about the timing of the Fed's first rate hike will hinge on any changes to the accompanying statement... 22nd April 2015 · 1 min read
Emerging Europe Economics Update Turkish central bank tinkers around the edges to defend lira The Turkish central bank left its official interest rates unchanged today, but managed to make its monetary policy framework even more complex by tweaking a few obscure tools in an effort to release... 22nd April 2015 · 1 min read
India Economics Update Equity rally losing steam After touching record highs in early March, Indian equities have fallen back in recent weeks. Looking ahead, with valuations still looking stretched and uncertainty over the government’s tax policy... 22nd April 2015 · 1 min read
UK Data Response MPC Minutes (Apr.) The minutes of April’s MPC meeting showed that the Committee has become slightly less concerned by the downside risks to the inflation outlook. But with inflation set to hover near zero for another... 22nd April 2015 · 1 min read
Africa Data Response South Africa Consumer Prices (Mar.) South African inflation picked up slightly in March, to 4.0%, but we expect that a combination of energy prices hikes and a weak rand will increase inflationary pressures going forward. Headline... 22nd April 2015 · 1 min read
Europe Commercial Property Update Is Danish industrial still the best opportunity in the Nordic region? Better economic growth prospects in Denmark mean the outlook for the industrial market has turned positive. However, yields remain elevated relative to both the office sector and the other Nordic... 22nd April 2015 · 1 min read
China Activity Monitor GDP growth target not under threat despite weak Q1 Our China Activity Proxy (CAP) provides further evidence that the economy slowed in Q1 but also supports the view that the extreme weakness in some of the data for March was due to seasonal... 22nd April 2015 · 1 min read
Japan Data Response External trade (Mar.) Even though the trade balance returned into the black for the first time since 2011 last month, net trade likely turned into a drag on GDP growth last quarter. 22nd April 2015 · 1 min read
Canada Chart Pack January rate cut won't be enough insurance The futures market indicates that most investors are now convinced by the Bank of Canada's view that the January interest rate cut will be enough to prevent the economy from being derailed by the... 21st April 2015 · 1 min read
