Latin America Chart Pack Markets suffer as Brazil elections deliver more of the same After a rollercoaster campaign that at times had promised to deliver a much-needed shift in economic policy, presidential elections in Brazil ultimately delivered more of the same. Dilma Rousseff was... 28th October 2014 · 1 min read
US Data Response Durable Goods (Sep.) The rebound in orders for new durable goods in May will help ease any fears that the economy is headed for a double-dip recession. Nevertheless, it doesn't change the broader picture that economic... 28th October 2014 · 1 min read
Middle East & North Africa Economics Update Saudi Arabia: weakness in oil sector set to continue Growth in the Saudi Arabian economy appears to have stabilised in Q3, as a pick-up in activity in the non-oil sector offset a further slowdown in the oil sector. But in spite of the relative strength... 28th October 2014 · 1 min read
Emerging Europe Economics Update Ruble crisis points to larger-than-expected rate hikes The continued slide in the ruble over the past few weeks has raised the prospect that Russia is in the grip of a self-fulfilling currency crisis in which the mere anticipation of currency weakness... 28th October 2014 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Sep.) Following two months of very strong month-on-month growth, house prices dipped by 0.2% in September according to the Land Registry. Subdued demand suggests house price gains will continue to... 28th October 2014 · 1 min read
Europe Economics Update Riksbank cuts rates to zero but deflation threat persists Sweden’s central bank today stepped up its fight against deflation, cutting its main policy rate to a record low of 0% and pushing back the date at which it first expects to raise rates. We think that... 28th October 2014 · 1 min read
Japan Data Response Small Business Confidence (Oct.) The third decline in small business confidence in a row suggests that the economy is not quite as strong as the jump in the flash manufacturing PMI in October indicated. 28th October 2014 · 1 min read
Japan Data Response Retail Sales (Sep.) The jump in retail sales in September confirms that private consumption is recovering from the slump caused by the sales tax hike. But wages will have to rise faster for spending to increase further. 28th October 2014 · 1 min read
Nordic & Swiss Economics Update Riksbank cuts rates to zero but deflation threat persists Sweden’s central bank today stepped up its fight against deflation, cutting its main policy rate to a record low of 0% and pushing back the date at which it first expects to raise rates. We think that... 28th October 2014 · 1 min read
Canada Economic Outlook Lower oil price adds to risks Alongside the potential for a sharp correction in the domestic housing market, the recent slump in crude oil prices represents a second risk to the Canadian economic outlook. We expect GDP growth to... 27th October 2014 · 1 min read
Commodities Update Falls in oil prices not enough to cut output We doubt that the recent fall in oil prices will have a significant impact on oil production over the next few years. The vast majority of global oil production, including US shale oil, is still... 27th October 2014 · 1 min read
Capital Daily Ebola fears understandable, but global risks still appear small 27th October 2014 · 1 min read
Commodities Update Some (very) tentative signs of rebalancing in the steel industry Growth in global steel production, even in China, has started to slow suggesting that the much-needed rationalisation of the sector has begun. However, it is likely to be a slow process. This is one... 27th October 2014 · 1 min read
Europe Economics Update Stress tests offer some relief, but not for Italy On the whole, the results of Europe’s bank stress tests were positive, implying that the heavy drag that falls in bank lending have exerted on the euro-zone economy may be set to ease. But poor... 27th October 2014 · 1 min read
Global Economics Update How big is the economic threat from Ebola? The Ebola crisis is, above all, an appalling tragedy for the communities affected, but the global economic and market impact is likely to be limited. The West African economies at the centre of the... 27th October 2014 · 1 min read
Africa Economics Update South Africa outperforms struggling SSA markets Concerns about the strength of the global economy, alongside a number of other factors, have weighed on Africa’s financial markets over the past month. Amid the gloom, South Africa’s markets have been... 27th October 2014 · 1 min read
