Europe Economics Update Euro-zone Fiscal Monitor (Sep.) Greece and Ireland have continued to cut their budget deficits. But the fragile political situation in Italy has contributed to some budget slippage there. 25th September 2013 · 1 min read
Asia Economics Update Vietnam set for slow recovery in wake of banking crisis GDP data released today show that Vietnam’s economy remains weak in the wake of a banking crisis, which has led to a credit crunch. The woes of the financial sector look set to weigh on the economy... 25th September 2013 · 1 min read
UK Commercial Property Update Hotel returns should remain solid but not stellar Inbound tourism volumes continue to drift upwards and many UK residents are seemingly still content to save money and take a domestic holiday rather than go abroad. This should help hotel capital... 25th September 2013 · 1 min read
China Economics Update Service sector reform edges further forward Recently-implemented tax reforms should remove some of the disadvantages that have slowed the growth of China’s service sector and thereby deepened its economic imbalances. 25th September 2013 · 1 min read
Latin America Economics Update Brazil’s widening CA deficit reflects broader economic malaise The improvement in Brazil’s current account in August was due entirely to seasonal factors and does not alter the bigger picture that the deficit has widened sharply since the start of the year... 25th September 2013 · 1 min read
Japan Data Response Small Business Confidence (Sep.) The ongoing improvement in small business confidence suggests that firms are shrugging off the looming consumption tax hike. With spare capacity gradually diminishing, their pricing power seems to be... 25th September 2013 · 1 min read
Middle East & North Africa Economics Update Equity markets rebound on back of Syria deal & Fed decision Equity markets have recovered some of their earlier lost ground as concerns overWestern military intervention in Syria, as well as fears of a tapering of QE3 by theUS Federal Reserve, have eased. 25th September 2013 · 1 min read
Global Markets Update Is the tide turning? EPFR Global data for July and August suggest that ETF and mutual fund portfolio flows into emerging markets (EMs) may have remained negative in Q3 2013 for the second quarter running amid ongoing... 24th September 2013 · 1 min read
US Chart Pack Recovery appears to be gathering pace The Fed's apparently isn't convinced yet, but the improvement evident in many of the key forward-looking indicators suggests that economic growth is accelerating. The surge in both the manufacturing... 24th September 2013 · 1 min read
Canada Data Response Retail Sales (Jul.) The recovery in July's retail sales volumes confirms that the economy rebounded from the dip in June. We suspect that GDP rebounded by 0.3% m/m in July, although we still think that GDP growth for the... 24th September 2013 · 1 min read
US Data Response Conf. Board Consumer Confidence (Sep.) The modest drop in the Conference Board's measure of consumer confidence to a four-month low of 79.7 in September, from 81.8, reflects a combination of higher interest rates and lower equity prices... 24th September 2013 · 1 min read
Asia Chart Pack Short-lived relief for India and Indonesia Last week’s surprise decision by the US Fed to delay tapering of its QE programme provided an immediate boost to currencies and equity markets across Asia, including those in two of the region’s most... 24th September 2013 · 1 min read
Emerging Europe Economics Update Few signs of EM inflation pressures Emerging market inflation edged down in August and there’s little evidence to suggest that there will be a significant rise in price pressures over the coming months. 24th September 2013 · 1 min read
Europe Economics Update More LTROs could have a downside The execution of more long-term refinancing operations (LTROs) by the ECB could ease concerns over a potential liquidity crisis in the banking sector. But it could also further strengthen the... 24th September 2013 · 1 min read
UK Economics Update Different MPC views could further weaken forward guidance Mark Carney’s forward guidance has been unsuccessful in convincing the markets that the Bank Rate is likely to remain on hold until 2016. Speeches from other MPC members in the last two days... 24th September 2013 · 1 min read
