Nordic & Swiss Data Response Finland GDP (Q1 14) Q1 GDP data confirmed that Finland’s economy is still struggling to exit its recession. Indeed, it now seems that 2014 will mark the third straight year of economic contraction for the northernmost... 5th June 2014 · 1 min read
DM Markets Chart Pack Falling term premiums drive down Treasury yields The 10-year US Treasury yield fell further in May. Unofficial Fed data suggest that most of this year’s big decline has been due to a drop in the real yield, and that the rally has reflected a... 4th June 2014 · 1 min read
UK Economics Chart Pack Strong growth but still no productivity rebound While the latest activity surveys suggest that the recovery might have gathered pace in the second quarter, a revival in productivity has remained elusive. Indeed, firms are hiring workers in record... 4th June 2014 · 1 min read
Canada Economics Update Bank of Canada retains neutral bias The Bank of Canada retained its neutral rate bias in its latest policy statement and emphasised that, although core inflation has turned out slightly firmer than expected, it is more concerned than... 4th June 2014 · 1 min read
Europe Chart Pack Deflation risks still mounting May’s fall in euro-zone HICP inflation from 0.7% to 0.5% left it at its joint weakest rate since October 2009 and far beneath the ECB’s 2% price stability ceiling. There is no sign of inflationary... 4th June 2014 · 1 min read
Emerging Europe Economic Outlook Weak growth masks diverging prospects Growth in Emerging Europe is set to remain sluggish over the next couple of years, due in large part to continued weakness in the region’s largest economy, Russia, and a looming slowdown in the region... 4th June 2014 · 1 min read
Canada Data Response International Merchandise Trade (Apr.) Canada's merchandise trade position unexpectedly shifted from an upwardly revised surplus in March to a small deficit in April, as the terms of trade deteriorated and energy and primary metals exports... 4th June 2014 · 1 min read
US Data Response International Trade (Apr.) The monthly trade deficit widened to a two-year high of $47.2bn in April, from an upwardly revised $44.2bn in March. The 0.2% m/m decline in April's exports, coupled with the 1.2% m/m rise in imports... 4th June 2014 · 1 min read
Commodities Update The vultures are circling on financing deals All the signs are that commodity demand as part of Chinese financing deals is set to fade. The profitability of the schemes is being eroded and the authorities are stepping up efforts to curb some... 4th June 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (May 14) The fall in mortgage applications for home purchase over the past week left them languishing at a six-week low. But with housing still undervalued, the economy gathering momentum and mortgage interest... 4th June 2014 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q1), Final PMI (May) & PPI (Apr.) The latest batch of data on the euro-zone maintained the strong pressure on the ECB to provide further policy stimulus at tomorrow’s Governing Council meeting. 4th June 2014 · 1 min read
UK Data Response CIPS Report on Services (May) May’s CIPS/Markit services survey echoed the upbeat message of the previous month’s report in suggesting that the economic recovery may still be gathering pace. 4th June 2014 · 1 min read
Middle East & North Africa Economics Update Morocco’s public finances on the mend Having embarked on subsidy cuts last year, the Moroccan authorities have made good progress on tackling the country’s weak public finances. There is still work to do if the government is to meet its... 4th June 2014 · 1 min read
Asia Economics Update Australia’s economy to slow after strong Q1 performance Australia’s economy posted strong growth in Q1, on the back of a surge in net exports. However, it is still far too early to say that the mining slowdown has been successfully navigated. Indeed, the... 4th June 2014 · 1 min read
Japan Chart Pack Tax hike-related slump should be short-lived Unsurprisingly, consumer spending plunged in April after the consumption tax hike, and industrial production weakened as well. But machinery orders have climbed to a fresh high, which suggests that... 4th June 2014 · 1 min read
