Capital Daily UK economic recovery will probably start to broaden out 27th November 2013 · 1 min read
US Employment Report Preview Good enough to taper? Our econometric model indicates that non-farm payroll employment rose by a solid 180,000 in November, which may be enough to prompt the Fed to taper its asset purchases at the policy meeting in... 27th November 2013 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey (Nov 13) The latest Colliers/Real Estate Capital survey shows that investor sentiment continues to improve, with more regional and/or secondary property coming into favour. However, respondents' expectations... 27th November 2013 · 1 min read
Global Markets Update What impact would RMB liberalisation have on Treasuries? The People’s Bank of China (PBC) recently asserted that its intervention in the currency market would “basically” end. If this proves to be the case, it would represent a significant change of heart... 27th November 2013 · 1 min read
US Data Response Durable Goods (Oct.) The continuing slump in non-defence capital goods (ex. aircraft) orders and shipments suggests that business equipment investment might contract over the entire second half of this year. 27th November 2013 · 1 min read
Africa Economics Update Ghana set to tighten monetary policy next year The Central Bank of Ghana kept interest rates on hold today, but the tepid pace of fiscal consolidation and a weakening currency mean that monetary policy is likely to be tightened over the coming... 27th November 2013 · 1 min read
UK Data Response CBI Distributive Trades Survey (Nov.) November’s CBI Distributive Trades Survey suggests that the recovery in retail sales has lost some pace recently. But there are a few signs that retailers are anticipating a healthier Christmas period... 27th November 2013 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Nov.) While Greece and Ireland remain ahead of their fiscal consolidation targets, Italy appears set to record a larger than planned deficit this year. 27th November 2013 · 1 min read
Asia Economics Update Vulnerable economies failing to put their fiscal houses in order Government finances are not a serious concern in most Asian countries. However, some of the governments that most need to rein in their deficits to help their economies withstand future bouts of... 27th November 2013 · 1 min read
Emerging Europe Economics Update EM inflation to remain anchored Emerging market (EM) inflation has crept up in recent months, but it remains low by historic standards. Looking ahead, inflation should be kept anchored by subdued domestic price pressures and recent... 27th November 2013 · 1 min read
UK Data Response GDP: Second Estimate & Expenditure Breakdown (Q3) The second estimate of Q3 GDP confirmed that the UK economy is experiencing a period of strong growth. And while the expenditure breakdown showed that household spending has remained the main driver... 27th November 2013 · 1 min read
UK Economics Update Consumer recovery continues but foundations remain fragile Growth in household spending continues to drive the economic recovery. In the near-term, rising house prices and consumer credit should support further expansion. But a solid foundation of rising real... 27th November 2013 · 1 min read
Japan Economics Update How disruptive are tensions with China? The recent escalation of the conflict over the Senkaku islands may lead to renewed disruption of bilateral trade and investment between Japan and China. The experience from last year’s flare-up in... 27th November 2013 · 1 min read
Asia Economics Update Thailand’s rate cut may invite currency weakness In a surprise move, the Bank of Thailand (BoT) cut its policy rate by 25bps to 2.25% today. With the economy still in a fragile state, we expect rates to be kept low to support the economy through... 27th November 2013 · 1 min read
Latin America Chart Pack Growth relapses in the third quarter After staging a brief recovery in Q2, the Latin American economy appears to have suffered a relapse in the third quarter. Our calculations show that regional growth slowed to just 2.5% y/y in Q3, from... 27th November 2013 · 1 min read
