Capital Daily Investors complacent about renewed political uncertainty in Italy 1st October 2013 · 1 min read
Canada Data Response GDP by Industry (Jul.) Canada's robust 0.6% m/m rebound in July suggests that the economy had more momentum at the start of the third quarter than we had previously thought. Accordingly, it now looks like the economy grew... 30th September 2013 · 1 min read
Middle East & North Africa Economics Update Fall in Tunisia’s government not a major economic setback News that Tunisia’s government has agreed to step down at some point over the next few weeks provides a further reason to think that growth there will remain sluggish and that fiscal reforms may slip... 30th September 2013 · 1 min read
Africa Economics Update South Africa: trade deficit to keep pressure on the rand South Africa’s trade deficit was wider than expected in August, as the ongoing weakness of the rand led to a surge in the local-currency cost of oil imports. In turn, a widening trade deficit could... 30th September 2013 · 1 min read
UK Economics Update Should retailers be worried by the minimum wage proposals? While tomorrow’s rise in the national minimum wage (NMW) is small, proposals to increase it significantly more in the future threaten to add to the pressure on retailers’ profit margins. But even if... 30th September 2013 · 1 min read
China Economics Update Foundations weak for a property turnaround Against the backdrop of a strengthening economy, confidence in the prospects of China’s crucial real estate sector has also been heating up recently. But digging a little deeper in this China Watch we... 30th September 2013 · 1 min read
UK Economics Update Monetary Indicators Monitor (Sep.) While the pick-up in certain measures of broad money is another encouraging sign that the economy has turned a corner, the continued weakness of bank lending could prevent the economic recovery from... 30th September 2013 · 1 min read
Europe Economics Update Renewed political uncertainty adds to Italy's problems Silvio Berlusconi’s decision to withdraw his support for the coalition Government may not trigger elections. But the fragile political situation highlights the huge challenges that Italy faces just to... 30th September 2013 · 1 min read
Emerging Europe Economics Update Romania’s easing cycle nearing an end The Romanian central bank cut interest rates again today against the backdrop of weak growth and falling inflation. However, the Bank lowered rates by less than it did in August due, it seems, to... 30th September 2013 · 1 min read
UK Economics Update Household Borrowing Monitor (Aug.) Growth in household credit continues to show no sign of breaking away from the subdued rates seen since 2008, with any nascent ‘bubble’ in the housing market not yet apparent in the borrowing data... 30th September 2013 · 1 min read
Latin America Economics Update Colombian interest rates to stay on hold for another year Relatively subdued GDP growth looks set to ensure that interest rates in Colombia will remain lower forlonger than most expect. We think that the benchmark rate is likely to remain unchanged at 3.25... 30th September 2013 · 1 min read
UK Housing Market Data Response Mortgage Lending (Aug. 13) Another steady rise in mortgage approvals indicates a housing market that is gradually recovering. But the growth in lending is likely to remain modest, despite attempts by the Government to... 30th September 2013 · 1 min read
Europe Data Response Euro-zone Flash CPI (Sep.) September’s euro-zone flash CPI figures confirmed that the ECB enjoys plenty of room to loosen monetary policy further. 30th September 2013 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Aug.13) Net new lending to commercial property was negative again in August and the sector’s share of total outstanding debt is now only a touch above 9%, the lowest level for a decade. We think this process... 30th September 2013 · 1 min read
China Data Response HSBC/Markit Manufacturing PMI (Sep. 13) The September HSBC/Markit manufacturing PMI came in a full point weaker than the flash reading released last week. This might be a sign that the economic rebound has stalled, but the shift seems... 30th September 2013 · 1 min read
