UK Housing Market Data Response RICS Residential Market Survey (Dec. 13) RICS reported another robust set of housing market indicators in December, which may increase fears that a new house price boom is in the making. But there aresome early signs that housing market... 16th January 2014 · 1 min read
Latin America Economics Update Brazil central bank signals slower pace of tightening The decision by Brazil’s central bank to raise interest rates by 50bp to 10.5% was in line with our forecast but against the consensus, which had expected a smaller 25bp increase. As it happens, the... 16th January 2014 · 1 min read
Japan Economics Weekly Monetary Indicators Monitor (Dec.) Despite a slowdown in December, the money supply continues to grow at a rapid pace. The growth rate of bank lending reached a fresh high and, with interest rates very low and bank lending attitudes... 16th January 2014 · 1 min read
Japan Data Response Machinery Orders (Nov.) Machinery orders surged to a five-year high in November and point to a renewed recovery in business investment. However, overall investment may still weaken in coming months as residential investment... 16th January 2014 · 1 min read
Capital Daily Little scope for US Treasuries and UK Gilts to rally further 16th January 2014 · 1 min read
US Economics Update Monetary Indicators Monitor (Dec.) Broad money growth continues to slow but, given the rebound in long-term interest rates over the past six months, we suspect that moderation reflects a waning speculative demand for money and is not a... 15th January 2014 · 1 min read
Canada Economics Update Declining home sales to constrain economic growth The third consecutive monthly decline in existing home sales in December provides more evidence that the earlier surge seen last summer was mainly a pulling forward of home purchases in response to... 15th January 2014 · 1 min read
Europe Economics Update France gets to grips with its structural problems, slowly The new “responsibility pact” is a step forward for the French economy. Taken together with other planned measures, France is now slowly tackling some of its structural problems. 15th January 2014 · 1 min read
Bank of Canada Watch Bank likely to stick with neutral policy stance The Bank of Canada is likely to stick with its neutral stance in next week's policy statement. But with its hopes of a pick-up in exports still unfulfilled and residential investment likely to re... 15th January 2014 · 1 min read
Europe Commercial Property Update Are investors starting to shun Paris? Perhaps unsurprisingly given the weak state of the French economy, the Ile-de-France office occupier downturn stepped up a notch in 2013. More notable, though, was the fall in the investment volume... 15th January 2014 · 1 min read
US Housing Market Update Will existing home sales follow new home sales upwards? The slump in existing home sales has set the recovery in housing market activity back by 12 months. But there are good reasons to think that, like the timelier new home sales series, the decline in... 15th January 2014 · 1 min read
Emerging Markets Economics Update Should we worry about rising levels of external debt? Most analysis of EM vulnerabilities to Fed tapering and the likelihood of tougher external financing conditions over the coming years has focussed on the size of a country’s current account deficit... 15th January 2014 · 1 min read
Europe Economic Outlook Deflation dangers cast shadow over recovery The European economy looks set for another year of weak growth in 2014, with the euro-zone likely to do little more than stagnate. Against that background, the European Central Bank (ECB) is likely to... 15th January 2014 · 1 min read
Middle East & North Africa Economics Update Lebanon's fiscal position could go from bad to worse Recent reports that Lebanon could have a new cabinet in a matter of weeks (having not had one for nine months) have raised hopes that the deteriorating public finances may finally be brought under... 15th January 2014 · 1 min read
Europe Data Response Euro-zone Trade (Nov.) The latest euro-zone trade data confirm that the external sector continues to struggle against the strong euro. This will add to pressure on the ECB to take further policy action in the coming months. 15th January 2014 · 1 min read
Africa Economics Update South African manufacturers face another difficult year The fall in South Africa’s latest manufacturing PMI reading suggests that the sector ended 2013 on a soft note. Looking ahead, a gradual improvement in growth in the euro-zone should provide a boost... 15th January 2014 · 1 min read
