Emerging Europe Economics Update How vulnerable is Russia’s economy to Western sanctions? The direct economic impact of the sanctions that have apparently been agreed by Western governments on Russia is likely to be limited. But the indirect impact – including the anticipation of further... 13th March 2014 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Feb.14) The RICS housing market survey provides some hope that housing demand is not running out of control. But there is still an acute lack of homes available for sale, and that will put further upwards... 13th March 2014 · 1 min read
China Economics Update Premier Li shrugs off slowdown concerns Today’s weaker-than-expected data won’t do anything to settle investors’ nerves about the state of China’s economy. Hopes for an imminent policy response will also have been dented by Premier Li’s... 13th March 2014 · 1 min read
Asia Economics Update Korean rates set for prolonged hold The Bank of Korea (BoK) left interest rates on hold today for the tenth consecutive month in what was Kim Choongsoo’s final meeting as central bank governor. The handover to Lee Ju-yeol, a former... 13th March 2014 · 1 min read
Japan Data Response Machinery Orders (Jan) The rebound in machinery orders in January points to a further recovery in business investment. 13th March 2014 · 1 min read
EM Markets Chart Pack Investors’ appetite returns, but is fussy Despite the crisis in Ukraine, which has hit some currencies and assets in Emerging Europe hard, there are signs that investors are rediscovering an appetite for investing in selected emerging markets... 12th March 2014 · 1 min read
Canada Chart Pack Lower Canadian dollar won't cure export blues January's discouraging external trade figures suggest that the economy began the year on a weak footing. Unfortunately, exporters are likely to struggle throughout the year. Although the Canadian... 12th March 2014 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Feb.) The further acceleration in house price inflation to 5.0% in February, from 4.5% in the previous month, mainly reflects tighter supply and demand conditions. The drop in existing home sales since then... 12th March 2014 · 1 min read
Middle East & North Africa Economics Update A look ahead to Egypt’s presidential election Egyptian presidential elections are due to be held in the coming months with Field Marshal al-Sisi, the leader of July’s “second revolution”, widely tipped to emerge triumphant. However, he would... 12th March 2014 · 1 min read
UK Economics Focus Budget 2014 Preview With not much more than a year until the next general election, the Budget on March 19th is one of the Chancellor’s last chances to boost his party’s re-election prospects. But with the fiscal... 12th March 2014 · 1 min read
Asia Economics Update India on cusp of export rebound With India’s domestic demand held back by tight monetary policy, export demand is likely to play a pivotal role in any economic recovery this year. Recent export data have been disappointing. But a... 12th March 2014 · 1 min read
Asia Economics Update Encouraging Indian data unlikely to sway hawkish central bank Today’s industrial production and inflation data show India’s beleaguered economy moving in the right direction, but we doubt the latest drop in inflation will be enough to prompt the Reserve Bank to... 12th March 2014 · 1 min read
US Fed Watch Fed to revamp its forward guidance At the policy meeting due to end on Wednesday 19th March, the Fed will almost certainly reduce the size of its monthly asset purchases by a further $10bn, to $55bn, and will probably abandon the 6.5%... 12th March 2014 · 1 min read
Emerging Europe Economic Outlook Ukraine crisis clouds outlook, but Central Europe recovering The crisis in Ukraine has unsettled the markets, but the economic fallout should be contained to the two countries directly involved – Ukraine and Russia. Ukraine is by far the more fragile of the two... 12th March 2014 · 1 min read
Global Markets Update Winners and losers from safe-haven demand The continued recovery in the price of gold confirms that it has retained its safe-haven status despite the slump in the first half of last year. We expect further gains. Less positively, yen strength... 12th March 2014 · 1 min read
