UK Housing Market Data Response CML Lending Trends (2014 Q2) The number of mortgages advanced for house purchase in the second quarter rose by 19% compared to a year earlier according to the CML, which suggests that the MMR has not slammed the brakes on lending... 11th August 2014 · 1 min read
UK Commercial Property Outlook The sweet spot is not over yet Reflecting the solid economic outlook, commercial property rental values should continue to grow steadily over the forecast period. Yields are also now likely to fall by more this year than we... 11th August 2014 · 1 min read
Emerging Markets Trade Monitor EM exports strengthen on Asia rebound Emerging market exports rose at their fastest pace in over a year in June and more timely data suggest that export growth may have strengthened further last month. This improvement has been driven by... 11th August 2014 · 1 min read
Europe Economics Weekly Mr Draghi talks down the euro, but action needed While last week’s ECB Governing Council meeting offered few signs of imminent further policymeasures, one encouraging development was President Draghi’s willingness to talk down theeuro. But we think... 11th August 2014 · 1 min read
Emerging Europe Economics Update Erdogan presidency means more of the same for Turkey’s economy Recep Tayyip Erdogan declared that his victory in yesterday’s presidential election marked a ‘new era’ for Turkey. But for the economy it is likely to mean more of the same. The economic imbalances... 11th August 2014 · 1 min read
Asia Economics Weekly Does Korea need lower interest rates? A sharp slowdown in the Korean economy last quarter and dovish rhetoric from the central bank has raised expectations that interest rates will be cut at Thursday’s scheduled policy meeting. With the... 11th August 2014 · 1 min read
DM Markets Chart Pack Outlook still fairly positive for European equities Although developed market equities have performed poorly over the pastmonth, in general we do not expect them to continue to struggle. Europeanequities were the worst performers, dragged down by the... 8th August 2014 · 1 min read
Commodities Update Russian ban to put downward pressure on food prices The enactment of import bans by Russia on agricultural commodities from a number of Westerncountries should put downward pressure on international food prices over the next year, withcommodities such... 8th August 2014 · 1 min read
Canada Data Response Labour Force Survey (Jul.) Canada's labour market continued to misfire in July. We can't help thinking that if the Bank of Canada had a dual inflation/employment mandate like the Fed, then it would now be seriously considering... 8th August 2014 · 1 min read
UK Data Response Trade & Construction (Jun.) June’s trade and construction data provided further evidence that the economicrecovery became more unbalanced in the second quarter. 8th August 2014 · 1 min read
Emerging Europe Economics Update Q2 GDP data to show Central Europe’s recovery losing steam The raft of second quarter GDP data due to be published next week is likely to show that the recovery in Central and South Eastern Europe lost steam. Worryingly, having made a bright start to Q2... 8th August 2014 · 1 min read
Commodities Update Soybean imports likely to fall next month China’s imports of key commodities were mixed in July, reflecting opportunisticbuying, the slowdown in the property sector and lower import activity related tofinancing deals. 8th August 2014 · 1 min read
Europe Data Response French Industrial Production & German Trade (Jun.) Despite an improvement in June, French industrial data suggest that industry probablydragged on overall euro-zone growth in Q2. Meanwhile, Germany’s latest trade dataindicate that the external sector... 8th August 2014 · 1 min read
Latin America Economics Update Peruvian policymakers to tread carefully Interest rates in Peru were left on hold at 3.75% last night and we think that above-target inflation and a large current account deficit mean that policymakers are likely to resist aggressive... 8th August 2014 · 1 min read
China Data Response Trade (Jul.) China’s trade surplus in July rebounded to a record high on the back of strong export demand and a fall in import growth. With export demand set to remain strong as the global recovery gains momentum... 8th August 2014 · 1 min read
