Emerging Europe Chart Pack Poland leads the way The latest activity data show that Emerging Europe’s recovery is continuing. Detailed Q2 GDP figures released this month confirmed that the region as a whole grew by 1.6% y/y, up from 1.3% y/y in the... 27th September 2013 · 1 min read
Japan Data Response Consumer Prices (Aug.) The ongoing rise in inflation is still mostly a reflection of the slump in the exchangeover the past year. While goods inflation has risen sharply, service inflation remainssubdued and the timelier... 27th September 2013 · 1 min read
US Employment Report Preview Could we be in for an upside payrolls surprise? The news of a modest 169,000 gain in non-farm payrolls in August, and the downward revision that cut July's gain to only 104,000, undoubtedly played a key role in the Fed's surprising decision to... 26th September 2013 · 1 min read
Canada Economics Update Small business survey suggests steady Q3 GDP growth In spite of the modest drop back in September, the CFIB's small business confidence suggests that annualised GDP growth in the third quarter is likely to match second-quarter’s 1.7% gain. This... 26th September 2013 · 1 min read
Bank of Japan Watch What will the Bank think of the consumption tax decision? The Bank of Japan’s two-day Policy Boardmeeting, which concludes next Friday, will beovershadowed by the release of the Tankan surveyand the confirmation of the government’s decisionon the consumption... 26th September 2013 · 1 min read
Commodities Update Demand to play a bigger role in crop price changes After the further sharp falls in corn and soybean prices over the last month we think that most of the new US crop is now priced into the market. However, in contrast to the consensus, we still expect... 26th September 2013 · 1 min read
Africa Chart Pack Nigeria bucks the inflation trend... for now Inflation has edged up in most countries in Africa in recent months, but Nigeria has bucked the trend. Here, inflation dropped to its slowest pace since April 2008 last month. This has been due in... 26th September 2013 · 1 min read
Global Markets Update Narrowing in euro-zone bond spreads may have run its course With Germany unlikely to alter its hardline approach towards the euro-zone’s more troubled governments following last weekend’s federal election, we doubt that the credit spreads of peripheral euro... 26th September 2013 · 1 min read
Emerging Europe Economics Update Improving Czech economy reduces need for FX intervention The strengthening of the Czech economy is preventing the National Bank from plumping for furtherpolicy easing, namely FX intervention to weaken the koruna. With the economic recovery still fragile... 26th September 2013 · 1 min read
Asia Economics Update No rush to hike rates in Taiwan Taiwan’s central bank left interest rates on hold today amid signs of a gradual improvement in the economy. Looking ahead, with inflation set to remain subdued, the CBC has scope to keep interest... 26th September 2013 · 1 min read
Global Economics Update Should we worry about the fiscal impact of higher bond yields? On their own, the increases in government bond yields since May do not pose a significant threat to the public finances of most advanced economies. Higher yields in the secondary market take a long... 26th September 2013 · 1 min read
UK Economics Update Q2 sees improvement in households' financial strength Today’s news on the state of households’ finances shows that incomes and saving recovered from the dips seen in Q1. With the financial position of households looking more sustainable, modest growth in... 26th September 2013 · 1 min read
Emerging Markets Activity Monitor Talk of “Great Deceleration” overlooks recent stabilisation Despite recent talk of a “Great Deceleration” in the emerging world, our GDP Tracker suggests that EM growth has stabilised – albeit at a weak pace – over the past few months. 26th September 2013 · 1 min read
UK Commercial Property Chart Pack Capital value growth gathers speed On top of a small rise in rental values, capital values were also boosted in August by a further modest fall in yields. Indeed, all-property capital values were up by 0.4%m/m, the strongest figure in... 26th September 2013 · 1 min read
Latin America Economics Update Markets find their feet after summer sell-off Latin American financial markets have bounced back in September, snapping a three-month losing streak. While the US Fed’s decision to delay tapering does little to change our fundamental view on the... 26th September 2013 · 1 min read
