Asia Economic Outlook Weaker credit growth to weigh on region Most countries in Emerging Asia should record reasonable growth over the next couple of years, helped by a combination of supportive monetary policy and a pick-up in demand from advanced economies... 4th July 2014 · 1 min read
Europe Commercial Property Update Swiss office rental value correction may not be over Subdued take-up combined with speculative development mean that the short-term risks for rental values in Geneva and particularly Zurich lie to the downside. Nevertheless, with GDP set to grow... 3rd July 2014 · 1 min read
DM Markets Chart Pack Euro likely to come under pressure again soon Additional easing by the ECB in June has failed to generate further downward pressure on the euro. Indeed, the euro has strengthened since the Governing Council met last month. However, while the ECB... 3rd July 2014 · 1 min read
BoE Watch Split vote unlikely just yet The acceleration of the jobs market recovery and more hawkish comments from the Governor over the last month suggest that an interest rate rise before the end of the year cannot be ruled out. But... 3rd July 2014 · 1 min read
US Housing Market Update Slowing secondary house prices indices point the way The modest rate of house price appreciation on some secondary measures stems from the fact that they exclude foreclosures and distressed sales. The Case-Shiller and CoreLogic indices, by contrast, are... 3rd July 2014 · 1 min read
UK Economics Chart Pack Pay growth likely to spring back soon While the economic recovery appears to have accelerated in Q2, workers are still failing to see the benefits in their pay packets. Annual growth in average weekly earnings fell from 2.2% to -1.7% in... 3rd July 2014 · 1 min read
China Economics Update Further slowdown likely but no hard landing Targeted policy intervention has helped shore up activity recently but China’s economy will face continued headwinds from a slowing property sector and efforts to rein in credit in the years ahead... 3rd July 2014 · 1 min read
Latin America Economics Update Unified FX rate not guaranteed to end Venezuelan dollar drought The Venezuelan economy remains in the grip of a dollar drought, and it seems that the government maysoon abandon its disastrous experiment with a multi-tiered exchange rate. But even if a new... 3rd July 2014 · 1 min read
Europe Economics Update ECB rests on its laurels The ECB is relying strongly on measures announced last month to counter the threat of deflation, but we doubt that they will be effective. A bolder programme of asset purchases is still likely to be... 3rd July 2014 · 1 min read
Canada Data Response International Merchandise Trade (May) The decline in the merchandise trade deficit in May looks encouraging, particularly since it was largely driven by a strong rebound in exports. Unfortunately, that rebound was heavily influenced by... 3rd July 2014 · 1 min read
US Data Response Employment Report (Jun. 14) The evident strength of the labour market in June is one of the key reasons why we think that the Fed will be persuaded to begin raising interest rates earlier than most expect. The unemployment rate... 3rd July 2014 · 1 min read
Commodities Update Zinc price rally is premature That the zinc market will tighten in 2014-15 owing to the closure of some large mines appears inevitable. But, for now, stocks (official and unofficial) are high and while consumption growth appears... 3rd July 2014 · 1 min read
Japan Chart Pack Economy proving resilient to tax hike The latest data suggest that the tax hike has not had a lasting impact on Japan’s economy. Business surveys have mostly rebounded, spending has too, and manufacturing output has stabilised. What’s... 3rd July 2014 · 1 min read
Europe Data Response Ireland GDP (Q1) Ireland’s Q1 GDP figures suggest that the recovery is now gathering a decent amountof pace, which should help the country to tackle its debt problems. 3rd July 2014 · 1 min read
Emerging Markets Economic Outlook Crisis fears fade but rebound remains elusive Fears of an EM-wide crisis have receded and the outlook for smaller EM manufacturers is brightening. But structural problems will continue to hold back the largest emerging economies even if, as seems... 3rd July 2014 · 1 min read
Europe Data Response Euro-zone Retail Sales (May) & Final PMIs (Jun.) May’s euro-zone retail sales data showed that spending on the high street has weakened since the first quarter, providing further evidence that the region’s recovery may be slowing before it has even... 3rd July 2014 · 1 min read
