Canada Economics Weekly Canadian dollar due for a temporary bounce The Canadian dollar's sharp decline over the past few weeks seems a tad overdone and we wouldn't be surprised if it enjoyed a modest rebound over the coming month or so. As the incoming economic data... 27th January 2014 · 1 min read
Asia Economics Weekly Indian inflation subsides as RBI considers policy reform A good harvest appears to have dampened food price inflation in India. As a result, consumer and wholesale prices both fell sharply at the end of 2013. While inflation is likely to ease further over... 27th January 2014 · 1 min read
US Economics Weekly A little help from overseas The rebound in US export growth late last year can be linked directly to strengthening demand in both China and the euro-zone. Given that growth in China is now slowing and that the dollar is... 27th January 2014 · 1 min read
Europe Economics Weekly Housing rebound to provide some support to recovery Data released over the last week point to a brightening outlook for euro-zone households, not least because the region’s housing market downturn may be easing. But given the state of households’... 27th January 2014 · 1 min read
Japan Economics Weekly Can special zones revive the property market? The government’s proposal to allow residential properties to be built on some areas of commercial land is unlikely to lead to the hoped-for surge in property prices. With a larger supply of... 27th January 2014 · 1 min read
US Housing Market Update Why is homebuilding so low in States with rapidly rising prices? The subdued level of homebuilding in Nevada, Arizona, California and Florida is primarily a legacy of the glut of cheap, distressed homes which flooded the market during the recession and crowded out... 24th January 2014 · 1 min read
Canada Data Response Consumer Price Index (Dec.) December's increase in underlying inflation was partly due to base year effects, which the Bank of Canada knows will prove temporary. With timely indicators still pointing to ultra low inflation, the... 24th January 2014 · 1 min read
Africa Economics Update Rand plunges to five-year low The South African rand has slumped to a five-year low over the past couple of days – in the process breaking through our end-year forecast of 11/$, which itself had been at the bottom end of consensus... 24th January 2014 · 1 min read
Emerging Markets Economics Update Market turmoil underlines need for greater EM discrimination Market turbulence in Turkey, Ukraine and now Argentina has led to talk of a new crisis sweepingemerging markets (EMs). But the emerging world has become a far more diverse place over the pastdecade... 24th January 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Dec.13) The BBA reported another rise in the number of mortgages approved in December, which are now up 42% on a year earlier. While there is no sign yet that this risks turning into a lending boom, it is not... 24th January 2014 · 1 min read
Global Markets Outlook Beyond the taper As the Fed gradually scales back its unconventional monetary stimulus, we expect the dollar to rise against the other major developed currencies. We also expect government bond yields to increase... 24th January 2014 · 1 min read
Global Economics Update Austerity easing, but unevenly The worst period of global fiscal austerity is finally passing and this should give a boost to growth in advanced economies, at least relative to 2013. But the benefits will vary between countries... 24th January 2014 · 1 min read
Emerging Markets Economics Update Inflation likely to remain sticky in the “fragile five” The sharp falls in the currencies of the “fragile five” economies over the past half a year may cause import price inflation to rise over the next few months, particularly in Turkey and, to a lesser... 24th January 2014 · 1 min read
Capital Daily Local rate speculation impacting currencies more than bond yields 24th January 2014 · 1 min read
Middle East & North Africa Economic Outlook Non-oil economies to see growth converge with the Gulf Following a tumultuous three years since the Arab Spring uprisings, we expect a recovery to finally get underway in the MENA region’s non-oil producers over the next year or so. Growth should be... 23rd January 2014 · 1 min read
