Capital Daily Internationalisation of Corporate America justifies higher margins 27th March 2014 · 1 min read
Nordic & Swiss Economics Update Norwegian interest rates may be on hold until 2016 Although the Norges Bank left its monetary policy stance unchanged today, the Bank may yet need to push back its first projected interest rate hike from mid-2015 to 2016. 27th March 2014 · 1 min read
Latin America Chart Pack A Slow start to 2014 There have been further signs during the past month that Latin America has entered a new era of sluggish economic growth. With most of the official data for the fourth quarter now released, our... 26th March 2014 · 1 min read
Europe Commercial Property Update What does the strong outlook for Poland imply for property values? We believe that the outlook for occupier demand and rental values in Poland is among the best in Europe. But much of that good news already seems to be reflected in Polish yields which are low. Thus... 26th March 2014 · 1 min read
Emerging Europe Chart Pack Crisis in Crimea takes its toll on Russia The escalation of the crisis on the Crimean peninsula is already taking a toll on Russia. The economy was doing little more than stagnate even before geopolitical tensions flared up. And large scale... 26th March 2014 · 1 min read
Global Markets Update Do capital flows explain the euro's strength? Balance of payments data suggest that capital inflows from abroad may have helped to push up the value of the euro. But if the current account surplus shrinks and the appetite for euro-zone financial... 26th March 2014 · 1 min read
UK Commercial Property Update How will the fall in inflation impact retail property? February’s drop in CPI inflation does nothing to reduce the overhang of vacant retail space or the challenges of meeting consumers’ changing shopping habits. But it does bring the end of the squeeze... 26th March 2014 · 1 min read
US Data Response Durable Goods (Feb.) The 2.2% m/m rebound in durable goods orders in February, which was more than double the consensus estimate of a 0.8% m/m gain, was largely due to a big bounce back in the transportation component... 26th March 2014 · 1 min read
Asia Chart Pack Asia's consumer sector is picking up After enduring a slump for much of 2013, retail sales in Emerging Asia (ex. China) appear to have turned a corner. Growth has picked up strongly across most countries in the region in recent months... 26th March 2014 · 1 min read
Commodities Update Solid fundamentals will support palladium prices Palladium prices have risen 11% since the beginning of this year. A number of recent developments, including the risk of disruption to Russia’s exports of palladium, have provided a boost. But we... 25th March 2014 · 1 min read
Latin America Economics Update Venezuela: SICAD2 is another false dawn The Venezuelan government’s introduction of a new foreign exchange mechanism has been well received by the markets, but with no real efforts to significantly increase the supply of foreign currency we... 25th March 2014 · 1 min read
Global Economics Update Could US energy exports help Europe? There are still significant hurdles to clear before the US becomes a major energy exporter. Indeed, the US (in contrast to North America as a whole) may never quite achieve full energy independence... 25th March 2014 · 1 min read
Emerging Europe Economics Update Further rate cuts in Hungary now look unlikely Following the cut in interest rates in Hungary earlier today, the MPC gave the clearest signal yet that the easing cycle has come to an end. Policymakers did not completely close the door on further... 25th March 2014 · 1 min read
US Data Response Conf. Board Consumer Confidence (Mar.) The rebound in the Conference Board measure of consumer confidence to a six-year high of 82.3 in March, from 78.3, reflects mainly a reversal of the weather effects from a month ago. With equity... 25th March 2014 · 1 min read
Global Markets Update When will the selling end? Net selling of emerging market assets by global ETFs and mutual funds was almost as heavy in February as it was in January according to EPFR Global. The crisis in Ukraine, growing concerns about the... 25th March 2014 · 1 min read
