China Data Response Bank Lending & Broad Credit (Apr.) In the face of calls for stimulus, China’s government appears comfortable with a continued slowdown in credit growth. 12th May 2014 · 1 min read
Europe Commercial Property Update Should a slowdown in euro-zone production worry logistics investors? Despite the slowdown in industrial production, the outlook for euro-zone logistics property remains positive. In particular, the improved outlook for consumers, as well as the growing penetration of e... 12th May 2014 · 1 min read
Japan Data Response Economy Watchers Survey (Apr.) Today's Economy Watchers Survey confirmed that the Japanese economy weakened abruptly in the wake of the sales tax hike, but also suggested that the weakness is unlikely to last. 12th May 2014 · 1 min read
Japan Data Response Current Account (Mar.) The current account showed a record shortfall in March, but we expect a return to surplus in coming months. 12th May 2014 · 1 min read
Japan Economics Weekly Will corporate tax cuts boost investment? The planned shift from corporate to consumption taxes should boost overall economic growth in coming years. However, the benefits from corporate tax cuts alone may be smaller than hoped for, as many... 12th May 2014 · 1 min read
Canada Economics Weekly Canada's export engine still spluttering Canada's exports have continued to underperform, despite gradually improving US economic conditions and the fall in the previously high-flying Canadian dollar. Although the bad weather partly explains... 12th May 2014 · 1 min read
Europe Economics Weekly What will be the ECB's next move? While President Draghi made clear last week that the ECB will loosen policy in June, he gave very few hints about just what action the Bank will take. Small cuts in the main refinancing and deposit... 12th May 2014 · 1 min read
US Economics Weekly Banks lending more freely The rapid expansion in bank loans since the turn of the year is a sure sign that the economic outlook is brighter than the stagnation in first-quarter GDP growth suggested. Loans to businesses are... 12th May 2014 · 1 min read
Asia Economics Weekly Are expectations too high for Modi’s India? All eyes will be on India next week as its much-talked-about election comes to an end. Opinion polls have consistently suggested that the opposition BJP party, which has nominated Narendra Modi as its... 12th May 2014 · 1 min read
UK Economics Weekly Low inflation and the FPC should keep rates down The main risks to our view that low inflation will keep interest rates on hold for longer than markets expect stem from the MPC’s increased focus on spare capacity under phase two of its forward... 12th May 2014 · 1 min read
Global Economics Update How will the US and UK housing markets affect growth? House price developments have raised concerns on both sides of the Atlantic recently. The worry is that the housing market may be overheating in the UK but cooling in the US. For now, though, we don’t... 9th May 2014 · 1 min read
EM Markets Chart Pack Dollar-denominated bond yields to drift up this year The “stripped” spread of the JP Morgan EMBI+ Index has dropped below 300 basis points for the first time in about a year. However, we forecast the spread to rebound as less accommodative US monetary... 9th May 2014 · 1 min read
Canada Data Response Labour Force Survey (Apr.) April's unexpected 28,900 decline in net employment suggests that the economy remained stuck in the slow lane last quarter, hampered by an underperforming export sector and a housing slowdown... 9th May 2014 · 1 min read
Latin America Economics Update Rising inflation to prevent interest rate cuts despite slow growth Rising inflation looks set to force policymakers in most parts of Latin America to keep monetary policy relatively tight despite evidence that the region is entering a new phase of weaker economic... 9th May 2014 · 1 min read
Commodities Update Surprising apathy in the platinum market Compared to those of other metals facing supply disruption, platinum prices have been relatively unresponsive and traded in a narrow range. Nonetheless, we believe that strong demand growth and... 9th May 2014 · 1 min read
