Emerging Markets Economics Chart Pack EMs take heart as Fed sticks to taper plan Financial conditions across the emerging world have eased in recent months, as continued policy support from central banks in the developed world has supported risk appetite. This in turn has reduced... 19th June 2014 · 1 min read
Global Markets Update Market implications of our revised UK Bank Rate forecast The strength of the UK’s economic recovery and more hawkish signals coming from members of the Bank of England’s Monetary Policy Committee (MPC) have prompted us to revise our projection for the path... 19th June 2014 · 1 min read
Middle East & North Africa Chart Pack Iraq crisis raises contagion fears The unfolding crisis in Iraq has cast a shadow over the region, causing equity markets to tumble. As it happens, the largest MENA economies have only limited trade and financial ties with Iraq... 19th June 2014 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q1) Demand for commercial property from UK-based investing institutions has been strong so far this year and, with the economic recovery now embedded, it is likely to remain pretty solid for the... 19th June 2014 · 1 min read
UK Data Response Retail Sales (May) May’s retail sales figures showed that a combination of rapid jobs growth and falling prices is continuing to fuel a strong recovery in consumer spending. 19th June 2014 · 1 min read
Asia Economics Update Further tightening likely in the Philippines The central bank in the Philippines (BSP) today tightened monetary policy again in an attempt to reduce risks in the financial sector and clamp down on rising inflation. We think further tightening is... 19th June 2014 · 1 min read
Latin America Economic Outlook Stuck in the slow lane Latin America’s economy looks set to remain stuck in the slow lane over the next couple of years. The drivers of strong growth over the past decade – including rapid credit growth and strong global... 19th June 2014 · 1 min read
Europe Economics Update SNB on hold for now, but further action will be needed The Swiss National Bank (SNB) today maintained its strongly supportive policy stance, pledging to enforce the ceiling on the Swiss franc with “the utmost determination”. We think that the SNB will be... 19th June 2014 · 1 min read
Asia Economics Update New Zealand’s economy will cool after strong Q1 New Zealand’s economy posted another robust quarter of growth in Q1, led by strong residential investment. There are signs that the economy is already cooling in response to policy tightening, but... 19th June 2014 · 1 min read
Capital Daily Earlier tightening by UK MPC unlikely to prevent decline in sterling 19th June 2014 · 1 min read
Nordic & Swiss Economics Update SNB on hold for now, but further action will be needed The Swiss National Bank (SNB) today maintained its strongly supportive policy stance, pledging to enforce the ceiling on the Swiss franc with “the utmost determination”. We think that the SNB will... 19th June 2014 · 1 min read
Nordic & Swiss Economics Update Norges Bank opening its eyes to weakening economy As we expected given signs of a slowdown in the energy sector, the Norges Bank pushed back its first projected rate hike until 2016. Although the krone weakened on the news, the economic slowdown may... 19th June 2014 · 1 min read
US Economics Update Fed sticks to the QE tapering plan Despite the contraction in first-quarter GDP, the falling unemployment rate and signs of a pick-up in inflation persuaded the Fed to stick to its existing plan and taper its asset purchases by a... 18th June 2014 · 1 min read
DM Valuations Monitor How overvalued is the US stock market? At almost 26, the level of Shiller’s 10-year cyclically-adjusted price/earnings ratio (CAPE) is currently more than 65% above its average since 1881. But the CAPE is inflated because reported earnings... 18th June 2014 · 1 min read
Europe Commercial Property Update Lisbon office rental values will not see a Dublin-style rebound Based on historical patterns alone, it might seem that there is ample scope for a strong rebound in rental values in both Dublin and Lisbon. Yet once other economic factors are taken into account, the... 18th June 2014 · 1 min read
UK Economics Focus Are the housing market's warning lights flashing? The recent drop in mortgage approvals does not negate the need for the FPC to test its new macro-prudential powers . For one thing, we expect the drop in lending to be temporary. In addition, the re... 18th June 2014 · 1 min read
