Emerging Europe Economics Update Polish MPC signals rate cuts The Polish MPC made it pretty clear at today’s post-meeting press conference that subdued growth and extremely low inflation mean that interest rates will be lowered over the coming months. For now... 3rd September 2014 · 1 min read
Africa Economics Update Interest rate hikes still on the cards in Kenya The Central Bank of Kenya (CBK) kept its benchmark interest rate unchanged at 8.50% today, but the weakness of the shilling and the likelihood of a further rise in inflation mean that rate hikes are... 3rd September 2014 · 1 min read
Capital Daily ECB to loosen policy further – if not this week, then very soon 3rd September 2014 · 1 min read
Emerging Markets Economics Update Export-focused EM manufacturers are outperforming August’s PMI data from the emerging world were something of a mixed bag. But one theme that stands out is that most export-oriented manufacturing economies are performing relatively well at the moment... 3rd September 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Aug.) Mortgage applications for home purchase fell to their lowest level since 1995 in August. Yet other measures of mortgage market activity, such as the Fed’s Senior Loan Officer Survey, suggest that... 3rd September 2014 · 1 min read
Europe Data Response Euro-zone Retail Sales (Jul.) & Final PMIs (Aug.) July’s fall in euro-zone retail sales provides further signs of a weakening inconsumer spending and, with the final estimates of August’s PMIs revised down,there is more evidence that the region’s... 3rd September 2014 · 1 min read
UK Data Response CIPS/Markit Report on Services (Aug.) & GDP Revisions The strengthening of the CIPS/Markit services survey in August provides reassurancethat the economic recovery is not losing pace. Meanwhile, although revised GDPfigures show that the recession was... 3rd September 2014 · 1 min read
Japan Economics Focus Can Japan’s population be stabilised at 100 million? Japan’s shrinking working-age population is a constant drag on economic growth. Unfortunately, policy measures that might help to stabilise the population would have substantial fiscal costs, which... 3rd September 2014 · 1 min read
Commodities Update A renewed surge in nickel prices likely in 2015 Nickel prices have risen sharply this year on supply concerns. However, for now, stocks still seemample. This is set to change in 2015, when the full impact of Indonesia’s ore export ban will be felt... 3rd September 2014 · 1 min read
Middle East & North Africa Economics Update Egypt’s economic recovery continues The pick-up in Egypt’s ‘whole economy’ PMI last month suggests that the economy has continued to make a gradual recovery from last summer’s “second revolution”. Meanwhile, non-oil sectors in the Gulf... 3rd September 2014 · 1 min read
Japan Chart Pack Weak activity data increase pressure on BoJ The latest data have done little to assuage doubts about the strength of the recovery. The economy contracted sharply in Q2 and industrial production and retail sales remained sluggish at the start of... 3rd September 2014 · 1 min read
Asia Economics Update Australia's economy set for a period of sub-trend growth Australia’s economy slowed sharply in Q2, as the surge in net exports at the start of the year gave way to a sharp fall. The more general picture is one of an economy struggling to adjust to a... 3rd September 2014 · 1 min read
China Economics Update New light on government borrowing Reforms just agreed should drastically reduce off-budget borrowing by local governments and make it much easier to monitor the build-up of government debt. These moves are long overdue but the fact... 3rd September 2014 · 1 min read
DM Markets Chart Pack Dollar likely to strengthen further The dollar is now the strongest it has been against a basket of seven other major currencies in more than a year. We doubt the rally is over given the relative prospects for monetary policy in the US... 2nd September 2014 · 1 min read
Global Economics Update Gulf between US and euro-zone widens further The global manufacturing PMI, published by Markit today, suggests that world GDP growth may pickup a bit further in the third quarter after rebounding in the second. But the imbalance between thefast... 2nd September 2014 · 1 min read
Capital Daily Do falling bond yields reflect changing interest rate expectations? 2nd September 2014 · 1 min read
