UK Housing Market Chart Pack Housing market recovery continues Housing market activity is rising on the back of the broader economic recovery, record low interest rates and Government interventions. While there is always the risk that the house price boom evident... 7th March 2014 · 1 min read
US Data Response Employment Report (Feb.) & Int. Trade (Jan.) The fact that payroll employment rebounded in February despite the unusually bad weather pretty much guarantees that the Fed will taper its asset purchases further at the mid-March policy meeting. 7th March 2014 · 1 min read
Canada Data Response Labour Force Survey (Feb.) & Int. Trade (Jan.) The 7,000 decline in employment in February specifically is not a major concern since the unusually severe winter may have played a role. Nevertheless, the broader picture is that employment has been... 7th March 2014 · 1 min read
Europe Data Response German Industrial Production (Jan.) Germany’s January industrial production numbers provide some hope that the economy’s main growth engine is starting to pick up some revs. 7th March 2014 · 1 min read
Europe Data Response Iceland GDP (Q4) The continued growth of Iceland’s economy in Q4 suggests that the country is on the road to recovery. 7th March 2014 · 1 min read
Capital Daily What are the relative prospects for euro-zone and US bonds? 7th March 2014 · 1 min read
Nordic & Swiss Data Response Iceland GDP (Q4 13) The continued growth of Iceland’s economy in Q4 suggests that the country is on the road to recovery. 7th March 2014 · 1 min read
DM Markets Chart Pack Italy’s and Spain’s sovereign credit spreads fall further 10-year government bond yields in Italy and Spain continued to decline in February. Admittedly, yield spreads over 10-year German Bunds seem reasonable given the countries’ current sovereign credit... 6th March 2014 · 1 min read
Europe Economics Update ECB bolsters guidance, but may still need to act The ECB opted to keep its policy powder dry today, preferring instead to strengthen its verbal forward guidance by emphasising the large amount of slack in the economy. But we still think it may need... 6th March 2014 · 1 min read
Africa Economic Outlook Losing some shine Sub-Saharan Africa (SSA) grew at its second slowest pace since 2000 last year and, though we expect a modest acceleration this year, growth is likely to remain below the rates seen over the past... 6th March 2014 · 1 min read
Latin America Economics Update Venezuela: Creaking current account points to default One year after the death of Hugo Chavez, the former Venezuelan President’s legacy of fiscal largesse and rampant inflation has left the economy on the brink of a balance of payments crisis. With... 6th March 2014 · 1 min read
China Economics Update What if growth falls below 7.5%? China’s leaders have left the GDP growth target unchanged at “about 7.5%” but they are also now talking of focusing on a “range” for growth, determined in part by the health of employment. One... 6th March 2014 · 1 min read
UK Economics Update A sixth year of record low rates lies ahead The MPC’s decision to leave interest rates on hold, marking five years since they reached their record low, is likely to be repeated many more times. With recent news suggesting the MPC’s estimate of... 6th March 2014 · 1 min read
Global Markets Update Is the UK MPC's new forward guidance working? On the face of it, “phase two” of the Monetary Policy Committee’s (MPC’s) forward guidance appears to have been a success. After all, yields have fallen since it was introduced. But upon closer... 6th March 2014 · 1 min read
Asia Economics Update Malaysia’s rate hike around the corner Malaysia’s central bank (BNM) kept its policy rate unchanged at 3.0% today as expected, but with the economy gradually gaining a firmer footing, a 25bp rate hike is unlikely to be far away. 6th March 2014 · 1 min read
Europe Economics Update Light at the end of the tunnel for Slovenia Although the strength of Slovenia’s Q4 GDP outturn owed a lot to temporary factors, the expansion underlined that the economy is on the road to recovery and will probably avoid a euro-zone bail-out. 6th March 2014 · 1 min read
