Canada Chart Pack Canadian oil no longer selling at a discount The steady rise in Canadian oil prices over the past few months has, in the case of light sweet crude, left them back on par with international benchmarks. Canada's energy producers have benefitted... 15th April 2014 · 1 min read
Europe Commercial Property Update When will Copenhagen industrial yields start to move down? Denmark’s lack of external competitiveness and production lost through outsourcing help explain why industrial property yields in Copenhagen remain at a post-crisis high. Yet the outlook for rents now... 15th April 2014 · 1 min read
Canada Data Response Survey of Manufacturing (Feb.) Despite the rebound in manufacturing sales volumes in February, the significant downward revisions to sales in the two preceding months confirm that bad weather dampened economic growth in the first... 15th April 2014 · 1 min read
Middle East & North Africa Economics Focus North Africa: A potential manufacturing hub? Three years on from the Arab Spring uprisings, political uncertainty continues to weigh on the near-term outlook for Egypt, Morocco and Tunisia. But over a longer horizon, assuming that policymakers... 15th April 2014 · 1 min read
Asia Economics Update Indian inflation will prove stubborn from here Indian inflation ticked up in March, ending a downward trend that had raised some hopes that the central bank might be winning its battle with price pressures. There are a number of reasons to think... 15th April 2014 · 1 min read
UK Housing Market Outlook Boom in London house prices unlikely to spread to the rest of the country House prices are now rising across the country but, London aside, they are not in boom territory. And with some early indications that demand is at least no longer accelerating, we expect prices to... 15th April 2014 · 1 min read
Emerging Europe Economics Update Russia’s economy less resilient than commonly perceived The escalation of unrest in the east of Ukraine has thrust the issue of Western sanctions against Russia back onto the agenda. No side would win in a tit-for-tat exchange of sanctions, but by the same... 15th April 2014 · 1 min read
Europe Data Response German ZEW Survey (Apr.) & Euro-zone Trade (Feb.) April’s ZEW survey brought further evidence of strength in the German economy. But the fall in expectations raises some concerns over the medium-term outlook. 15th April 2014 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Mar 14.) The further fall in CPI inflation in March suggested that the six-year squeeze on real wages is finally over and took it a step closer to the 1% figure we think it could reach by the end of the year. 15th April 2014 · 1 min read
Europe Economics Update Austria’s recovery still faces obstacles Austria is likely to remain one of the best performing euro-zone core economies over the coming years. Even so, the banking sector remains a weak spot and is particularly exposed to an intensification... 15th April 2014 · 1 min read
Asia Economics Focus A Chinese hard landing: Which Asian countries are most at risk? A hard landing in China’s economy is one of the biggest risks clouding the outlook for the rest of Emerging Asia. A slump in Chinese demand would hurt economies with close trade links to China, with... 15th April 2014 · 1 min read
UK Data Response BRC Retail Sales Monitor (Mar 14.) The weakness of the latest BRC retail sales figures, which reflects seasonal factors, is unlikely to be sustained. With real pay on the cusp of rising, the consumer recovery should continue apace over... 15th April 2014 · 1 min read
China Data Response Lending, credit (Mar.) & FX reserves (Q1) Despite a surge in bank loans and relatively loose interbank liquidity conditions in March, today's data show that the credit slowdown is still on track. Meanwhile, although the foreign exchange... 15th April 2014 · 1 min read
Asia Economics Update Exports cannot offset Thailand’s domestic demand weakness With domestic demand struggling under the weight of the ongoing political unrest, exports have become the main beacon of hope for Thailand’s economy this year. However, we doubt the export sector can... 15th April 2014 · 1 min read
DM Valuations Monitor Is there a bubble in the US tech sector? Much of the recent pull-back in the US stock market appears to have reflected a concern that valuations in the technology sector are frothy. But we are a long way from the situation that prevailed at... 14th April 2014 · 1 min read
