Middle East & North Africa Chart Pack Saudi oil boom lifts growth in Q3 The Saudi economy appears to have rebounded in the third quarter of the year. Our GDP tracker points towards growth of around 5% y/y, up from 2.7% y/y in Q2. Most of this improvement has come from the... 20th November 2013 · 1 min read
Latin America Economics Update Chile cuts rates again to revive flagging domestic demand Chile’s central bank (BCC) lowered its policy rate by a further 25bps last night in response to fresh signs that domestic demand is cooling. With growth and inflation set to remain weak for the... 20th November 2013 · 1 min read
China Economics Update Land reform set to boost rural incomes The Party leadership has given its blessing to land reforms that should shift more income to rural households. Change will happen slowly but the result should be a boost to consumer spending. 20th November 2013 · 1 min read
Japan Data Response External trade (Oct.) The surge in imports in October partly reflects a weak base from last year, as well as a curious spike in energy imports. The trade deficit may well widen further in the near-term as spending is... 20th November 2013 · 1 min read
Commodities Update Cut in ethanol law knocks back hopes of higher corn demand The proposed reduction in the Renewable Fuels Standards in the US could reduce US corn consumption by over 4% next year compared to likely consumption under the current law. This should put further... 19th November 2013 · 1 min read
Capital Daily Reform package unlikely to boost China's stock market for long 19th November 2013 · 1 min read
Energy Watch Oil prices to end the decade much lower The price of a barrel of Brent has remained well above $100 for most of the last three years, due in part to uncertainties created by the “Arab Spring”. However, over the next five to ten years, a... 19th November 2013 · 1 min read
Africa Economics Update Fiscal concerns to prompt rate hikes in Nigeria next year It is fitting that Nigeria’s Budget Proposal for 2014 has been delayed again on a day where the Central Bank has voiced its concerns over fiscal slippage. Low inflation means the Central Bank has... 19th November 2013 · 1 min read
US Economics Update Monetary Indicators Monitor (Oct.) The annual growth rate of our M3* measure of broad money remained at just under 6% in October. In contrast, the growth rates of the narrower M1 and M2 aggregates continue to trend lower. 19th November 2013 · 1 min read
Europe Commercial Property Update How long can the surge in Irish property values last? All-property capital values in Ireland are 20% higher than a year ago and there is scope for further strong, yield-driven gains over the next quarter or two. To us, it seems inevitable that the pace... 19th November 2013 · 1 min read
Emerging Europe Economics Update Turkey tightens modestly but more may be needed The Turkish central bank made a small adjustment to its liquidity provision today which should lead to a modest rise in market interest rates. However, there's little more that the MPC can now do to... 19th November 2013 · 1 min read
Europe Data Response German ZEW Survey (Nov.) November’s German ZEW survey provided some evidence that the euro-zone’s biggest economy has continued to expand in the fourth quarter, but at a relatively moderate pace. 19th November 2013 · 1 min read
Europe Data Response Norwegian GDP (Q3) Q3’s rebound in mainland Norwegian GDP growth concealed mounting evidence that the country’s boom is fading. 19th November 2013 · 1 min read
Nordic & Swiss Data Response Norwegian GDP (Q3 13) Q3’s rebound in mainland Norwegian GDP growth concealed mounting evidence that the country’s boom is fading. 19th November 2013 · 1 min read
China Chart Pack Plenum promises shift in market rules The reform plan unveiled following the Third Plenum has refocused attention on the position of state-owned firms in China’s economy. During the first decade of this century, China’s state sector... 18th November 2013 · 1 min read
