Latin America Economics Update Mexican industry to drive outperformance of the economy Today’s data provide yet further evidence that Mexican industry is turning the corner. With rising demand from the neighbouring US set to boost the manufacturing sector, and the government’s fiscal... 11th September 2014 · 1 min read
Europe Commercial Property Update Have Stockholm industrial rental values reached a cyclical high? Facing some of the highest industrial build costs in Europe, developers are unlikely to find it profitable to speculatively construct industrial space in Sweden in the next few years. Therefore, with... 11th September 2014 · 1 min read
UK Commercial Property Update Would a raised development pipeline knock London office rents? In mid-2010, the Central London office development pipeline underestimated eventual completions by about 25%. A repeat of that over the next few years is certainly plausible. But even if City and West... 11th September 2014 · 1 min read
Global Markets Update Growing competitiveness bolsters outlook for EM equities Most emerging market (EM) countries have become more competitive over the past year. This bodes well for equity returns in these countries in the long run. However, other factors are as likely to have... 11th September 2014 · 1 min read
Emerging Markets Economics Focus How important is urbanisation for long-run growth? The role of urbanisation in supporting growth in emerging markets is often overplayed. Although urbanisation can play an important role in supporting industrialisation, it doesn’t in itself drive... 11th September 2014 · 1 min read
Asia Economics Update Indonesian rates to remain high despite falling inflation Despite recent sharp falls in inflation and worries about the slowing economy, Bank Indonesia (BI) today left interest rates on hold amid concerns about the current account position. We expect... 11th September 2014 · 1 min read
Emerging Europe Economics Update Euro-zone more to blame for Q2 slowdown than Ukraine The slowdown in Central and South Eastern Europe in the second quarter has raised concerns about the region’s exposure to the crisis in Ukraine. In this Watch, we dig deeper into the GDP data to see... 11th September 2014 · 1 min read
Asia Economics Update Further tightening likely in the Philippines The central bank in the Philippines (BSP) today hiked two key policy rates against a backdrop of increasing risks in the financial sector and rising inflationary pressures. We expect to see further... 11th September 2014 · 1 min read
Commodities Update How far can iron ore prices fall? Sluggish Chinese demand amid a ramp up in supply, notably from Australia, has sent iron ore pricesinto freefall. Higher-cost producers will eventually be forced out of the market and prices will at... 11th September 2014 · 1 min read
EM Markets Chart Pack Emerging market equities stand out from the pack Emerging market equities are on track to outperform both developed and frontier market equities in Q3 for the first quarter in seven. We would not be surprised if emerging market equities continued to... 11th September 2014 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Aug.) The housing market appears to be at risk of becoming becalmed as buyers fret about sky high prices and the prospect of higher borrowing costs. 11th September 2014 · 1 min read
China Data Response Consumer & Producer Prices (Aug.) Today's inflation data suggest that price pressures remain subdued due to falling commodity prices and a relatively neutral monetary policy stance. As a result, even though pork prices and utility... 11th September 2014 · 1 min read
Asia Economics Update New Zealand rate pause unlikely to last for long The Reserve Bank of New Zealand (RBNZ) kept its policy rate at 3.5% at its meeting today, pausing a hiking cycle that began in March. The RBNZ will wait to see the effects of previous hikes, but we... 11th September 2014 · 1 min read
Japan Economics Update Monetary Indicators Monitor (Aug.) Loan growth has remained stable in recent months though banks were predicting a sharp slowdown in lending following the sales tax hike. Nonetheless, we still think that borrowing will slow in the not... 11th September 2014 · 1 min read
Japan Data Response Business Outlook Survey (Q3) In contrast to the lacklustre monthly survey data for August, today’s Business Outlook Survey suggests that the economy returned to growth this quarter. 11th September 2014 · 1 min read
US Housing Market Chart Pack Sharp slowdown in house price inflation The new Case-Shiller national house price index, now released on a monthly basis, shows seasonally-adjusted prices falling in each of April, May and June. This is a dramatic reversal from the average... 10th September 2014 · 1 min read
