Asia Economics Update Australian rate hike still a long way off The Reserve Bank of Australia (RBA) left its policy rate at 2.5% today, and again made it clear that there will not be any changes in the near term. In fact, with mining investment set to fall and the... 1st July 2014 · 1 min read
China Data Response Manufacturing PMIs (Jun.) Today's PMIs suggest that conditions in the manufacturing sector have continued to hold up reasonably well, helped by the government's targeted support measures along with healthy external demand... 1st July 2014 · 1 min read
Japan Data Response Labour Cash Earnings (May) The first rise in base pay in almost two years suggests that PM Abe's "Wage Surprise" is starting to work. 1st July 2014 · 1 min read
Japan Data Response Tankan (Q2) While today's Tankan points to a contraction in GDP of around 0.5% q/q last quarter, the survey suggests that the recovery will resume in the second half of the year. 1st July 2014 · 1 min read
Capital Daily Outperformance of emerging market equities likely to continue 1st July 2014 · 1 min read
EM Valuations Monitor EM equity valuations remain relatively attractive Emerging market equities were on track to outperform their developed market counterparts in Q2 for the first quarter in six. However, they still have a lot of ground to make up. Since the end of 2012... 30th June 2014 · 1 min read
UK Markets Outlook Will the MPC continue to anchor markets? Although the UK’s economic recovery has gone from strength to strength, markets have remained optimistic that monetary policy will remain highly accommodative for a while longer yet. Indeed, on the... 30th June 2014 · 1 min read
Middle East & North Africa Economics Update Egypt: growth picks up in Q1 as investment rebounds Q1 GDP data published earlier today showed that Egypt’s economy has continued its gradual recovery from last summer’s “second revolution”. And there were some encouraging signs that easing political... 30th June 2014 · 1 min read
Latin America Economics Update Contagion from Argentine debt dispute limited So far at least, financial markets in Argentina have largely shrugged off the fact that, barring a last minute deal with holdout creditors, the government now seems destined to enter a technical... 30th June 2014 · 1 min read
Emerging Markets Activity Monitor Growth in the BRICs remains disappointing Our Tracker suggests that GDP in the emerging world, in aggregate, has expanded by around 4.5% y/y in recent months which is in line with Q1’s outturn. Some of the more open EM economies have gathered... 30th June 2014 · 1 min read
China Economics Update Policymakers taking stock as hard landing fears ease Policymakers in China have good reason to be pleased about the state of the economy at the half-way point of 2014. Their decision to tweak policy rather than opt for broad stimulus appears to have... 30th June 2014 · 1 min read
Canada Data Response GDP (Apr.) There were both positive and negative signs in April's GDP figures, but the bottom line is that the economy is still struggling to grow in line with its potential rate, which suggests that recent... 30th June 2014 · 1 min read
UK Commercial Property Update Banking headcounts dip, but London office rents will grow further The tone of the latest CBI/PwC Financial Services survey was more circumspect than over the past six to 12 months, but the results were still encouraging for Central London office occupier markets... 30th June 2014 · 1 min read
US Housing Market Outlook House price inflation will cool The rising inventory of homes for sale and the hit to housing demand from the severe winter weather are feeding through to slower house price inflation. Although home sales will now recover, a further... 30th June 2014 · 1 min read
UK Economics Update Household Borrowing Monitor (Jun. 14) May’s money and credit figures provided some more signs that the housing market recovery has lost some steam. Meanwhile, although the consumer recovery has continued apace, it has not lead to an... 30th June 2014 · 1 min read
Emerging Europe Chart Pack Contagion from Bulgarian bank run limited The latest activity data suggest that growth across Emerging Europe has strengthened in recent months, but there are a few clouds on the horizon. For a start, the latest data from Germany, the largest... 30th June 2014 · 1 min read
