Latin America Economics Update Chile: policy tightening not imminent Interest rates in Chile were left unchanged at 3.00% last night and despite the central bank adopting a relatively more hawkish tone than a couple of months ago in its statement accompanying the... 17th April 2015 · 1 min read
EM Markets Chart Pack Sun to continue shining on EM equities Emerging market equities have delivered strong returns in the past month, outperforming their developed market counterparts. A confluence of factors is probably responsible. This includes signs of... 17th April 2015 · 1 min read
Japan Data Response Consumer Confidence (Mar.) While consumer confidence continued to recover in March, households have so far preferred to save rather than to spend the windfall from lower energy prices. 17th April 2015 · 1 min read
Australia & New Zealand Economics Weekly Ignore plunge in headline inflation, fret about the core We expect the consumer price data for the first quarter to show that headline inflation fell to 1% in Australia and to almost zero in New Zealand. Since these falls are due to the one-off effects of... 17th April 2015 · 1 min read
OPEC Watch OPEC production boosted by record Saudi output Last month’s increase in supply from OPEC just adds to the glut of oil already in the market. And although the cartel has also boosted its demand estimates for this year, global supply should still be... 16th April 2015 · 1 min read
Energy Chart Pack Ups and downs in the Middle East drive oil prices The biggest news in the energy market over the last month has undoubtedly been the rebound in oil prices, which came despite the announcement of a preliminary deal between Iran and the West. However... 16th April 2015 · 1 min read
US Housing Market Data Response Housing Starts (Mar.) The modest rise in housing starts in March suggests that homebuilding has taken longer than expected to recover from February’s weather-related collapse. Nonetheless, this simply means that there is... 16th April 2015 · 1 min read
China Economics Update Equity boom propping up GDP growth, for now The frenetic opening of trading accounts and a surge in equity turnover have produced a boom for brokerages that appears to have added more than half a percentage point to China’s GDP growth last... 16th April 2015 · 1 min read
Europe Commercial Property Update Improving consumer fundamentals positive for CE retail property The nascent recovery in consumer spending in Central Europe is expected to strengthen. Retail property in the region will benefit from improving occupier demand, although we expect the prime end of... 16th April 2015 · 1 min read
Latin America Economics Update Ominous signs from Colombia’s current account Colombia’s current account deficit widened to its largest level on record last year as exports plummeted following the drop in oil prices. Narrowing the deficit in the absence of a rebound in oil... 16th April 2015 · 1 min read
DM Valuations Monitor What is the relative valuation of euro-zone equities? The stock market in the euro-zone is much more attractively valued than in the US based on a comparison of cyclically-adjusted price/earnings (CAPE) ratios. However, its valuation is much less... 16th April 2015 · 1 min read
Europe Economics Update Greek crisis may finally be coming to a head The Greek crisis has reached a new crunch point amid signs that the Eurogroup will not grant desperately needed financial aid after next week’s meeting. Greece might resort to IOUs and/or capital... 16th April 2015 · 1 min read
Middle East & North Africa Economics Update Saudi economy picks up, but unlikely to last for long Our GDP Tracker suggests that Saudi Arabia’s economy strengthened in February as the drag from the oil sector eased further and activity in the non-oil sector picked up. But this is likely to prove... 16th April 2015 · 1 min read
UK Economic Outlook Don’t underestimate the economy’s hidden slack Economists and policymakers are significantly overestimating the permanent damage inflicted to the economy from the financial crisis and recession. We still think that the economy has the potential to... 16th April 2015 · 1 min read
Africa Data Response Nigeria CPI Inflation (Mar.) Nigerian inflation picked up in March, due in large part to the weakness of the naira. While the currency has stabilised in recent weeks, we expect that the effects of its previous sharp depreciation... 16th April 2015 · 1 min read
Europe Economics Focus Are Dutch consumers now ready to spend? Dutch consumers have finally started to open their wallets, prompting hopes of a consumer-led economic revival. But even if renewed falls in household spending look unlikely, the combination of the... 16th April 2015 · 1 min read
