UK Data Response Retail Sales (Oct.) October’s retail sales figures provided an encouraging sign that a combination of further strong gains in employment and the end of the real wage squeeze is supporting the consumer recovery. 20th November 2014 · 1 min read
UK Housing Market Data Response Housebuilding (Q3) Housing starts suffered a surprise dip the third quarter. But with work in progress perceived as inadequate to meet expected demand, builders will be keen to up production. 20th November 2014 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Nov.) November’s fall in the euro-zone composite PMI was a serious blow to hopes that the recovery would resume towards the end of the year. 20th November 2014 · 1 min read
India Economics Update Missed fiscal target this year would not be all bad news India looks set to miss its fiscal target this year, even in the optimistic case that the government fully delivers on its plans to sell stakes in state-owned companies. But this was always likely... 20th November 2014 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (Nov.) Today’s PMI reading suggests that manufacturing activity has continued to cool, but it also provided some hope that downward pressure on domestic demand has eased up so far in the fourth quarter. 20th November 2014 · 1 min read
Japan Data Response Flash Manufacturing PMI (November) While the flash manufacturing PMI edged lower in November, it still indicates that activity in the sector will continue to recover. 20th November 2014 · 1 min read
Japan Data Response External trade (Oct.) Japan’s trade deficit shrank in October, and is set to narrow further due to a falling energy import bill. 20th November 2014 · 1 min read
Nordic & Swiss Data Response Norwegian GDP (Q3 14) Q3’s reasonably solid gain in GDP maintained Norway’s position as the strongest of the Nordic economies. But signs of weaker household spending and the likely negative effects of lower oil prices... 20th November 2014 · 1 min read
Nordic & Swiss Economics Focus Will lower oil prices end Norway’s long boom? Norway has been one of the strongest growing economies of the developed world over the last decade. But with households buckling under high debt burdens and lower oil prices set to exacerbate the... 20th November 2014 · 1 min read
UK Economic Outlook Real income revival to spur recovery A combination of very low inflation, reviving growth in earnings and further robust jobs growth should ensure that households’ real disposable incomes grow in 2015 at their fastest annual rate since... 19th November 2014 · 1 min read
US Economics Focus Fed's new monetary tools should ensure a smooth rate lift-off When the time comes next year to begin normalising interest rates, we believe that, using the interest on excess reserves (IOER) rate and its new liquidity management tools, the Fed will be able to... 19th November 2014 · 1 min read
Commodities Update Keystone XL delayed again, but likely to be approved next year Despite rejection yesterday, the Keystone export limited (XL) pipeline is likely to be approved early next year when the Republicans take control of the Senate. Eventually this should add to the... 19th November 2014 · 1 min read
Commodities Update Will ECB or SNB purchases boost the gold price? Hopes that the European Central Bank (ECB) will include gold on the list of assets to be purchased as part of a programme of full-blown quantitative easing (QE) will almost certainly be disappointed... 19th November 2014 · 1 min read
Capital Daily Is the gold price set to benefit from European central bank buying? 19th November 2014 · 1 min read
UK Commercial Property Update How good is the outlook for non-prime regional office rents? Rental growth for non-prime regional offices is building up a nice head of steam, reflecting strong occupier demand and falling availability. Admittedly, a rise in the supply of new space next year... 19th November 2014 · 1 min read
Europe Commercial Property Update Low office development supports Vienna rental values Office rental values in Vienna have ticked up over 2014 despite weak take-up. That seems to be down to the low availability of modern office space, as companies seek efficiency savings in light of the... 19th November 2014 · 1 min read
