Capital Daily Less accommodative Fed policy to restrain the US stock market 25th April 2014 · 1 min read
UK Economics Chart Pack Rising real pay boosts consumer recovery The latest data indicate that the outlook for UK consumers remains bright. Inflationary pressures look set to continue to ease over the course of the year, which should mean that real pay picks up... 25th April 2014 · 1 min read
Europe Economics Update Labour market still a constraint on Finland's recovery The prolonged deterioration in Finland’s labour market may finally be coming to an end, according to data published earlier this week. But we suspect that employment will pick up very slowly at best. 25th April 2014 · 1 min read
China Economics Update China’s tourism deficit offsetting surplus in goods trade Outbound tourism is becoming an important factor in China’s international payments balance, contributing to a deficit in services trade that is partially offsetting the goods trade surplus. 25th April 2014 · 1 min read
Emerging Europe Economics Update Russia’s central bank surprises markets with a rate hike An acceleration in inflation, in part due to the recent sharp drop in the ruble, caused Russia’s central bank to hike interest rates by 50bp today. Looking ahead, with inflation likely to remain high... 25th April 2014 · 1 min read
UK Data Response Retail Sales (Mar.) March’s retail sales figures supported the message from other recent indicators that consumer spending retains plenty of momentum and that the broader economic recovery probably picked up pace in Q1. 25th April 2014 · 1 min read
Europe Commercial Property Update What’s the outlook for Dutch industrial property? The recent slump in Dutch industrial production masks a better trend in manufacturing growth. Yet given the sustained nature of the economic downturn, the outlook for industrial occupier demand and... 25th April 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Mar.14) The number of mortgages approved by the major banks dropped for the second consecutive month in March. The data therefore provide further evidence that the housing market recovery may be coming off... 25th April 2014 · 1 min read
Latin America Chart Pack Inflation concerns resurface in Brazil Inflation has started to accelerate once again in Brazil, casting doubt over signals from the central bank that the hike in interest rates earlier this month could be the last in the current... 25th April 2014 · 1 min read
Japan Data Response Consumer Prices (national: Mar.; Tokyo: Apr.) While the consumption tax hike at the beginning of April lifted inflation in the capital region close to 3%, price pressure should abate in coming months as import prices have moderated. 25th April 2014 · 1 min read
Nordic & Swiss Economics Update Labour market still a constraint on Finland’s recovery The prolonged deterioration in Finland’s labour market may finally be coming to an end, according to data published earlier this week. But we suspect that employment will pick up very slowly at best. 25th April 2014 · 1 min read
Canada Economic Outlook Lower Canadian dollar no panacea Canada’s economic underperformance will continue as competitiveness challenges restrain exports and the slowdown in housing intensifies. We expect GDP to increase by 2.0% in 2014, before slowing to... 24th April 2014 · 1 min read
US Housing Market Update Too early to call the end of the housing recovery It is too early to take the weakening in activity as evidence that the housing recovery is over. The soft numbers could plausibly be the result of the temporary slowdown in job growth, the recent... 24th April 2014 · 1 min read
Middle East & North Africa Chart Pack Inflation follows different paths in Saudi Arabia and the UAE Inflation has followed very different paths in the Gulf’s two largest economies, Saudi Arabia and the United Arab Emirates, in recent months. In Saudi, consumer price inflation has continued to fall... 24th April 2014 · 1 min read
China Chart Pack Oversupply weighs on property sector The outlook for China’s property sector is increasingly gloomy. The usual rebound in sales after Chinese New Year has been feeble, and the glut of unsold properties on developers’ books continues to... 24th April 2014 · 1 min read
