Emerging Europe Economics Update Have Emerging Europe’s banks turned the corner? Emerging Europe has been the laggard of the emerging world over the past few years, due in large part to problems in its banks. But with the region seemingly on the mend, might local banking sectors... 17th September 2013 · 1 min read
Japan Economics Update Monetary Indicators Monitor (Aug.) Over the past few months, broad money has grown at the fastest pace in several years in y/y terms. However, the Bank of Japan can only take part of the credit: the initial acceleration happened well... 17th September 2013 · 1 min read
Capital Daily Positive market reaction to Summers' withdrawal may not last 17th September 2013 · 1 min read
US Economics Update Monetary Indicators Monitor (Aug.) The slight moderation in the annual growth rate of the broad monetary aggregates should help to ease fears that the Fed's quantitative easing is putting upward pressure on price inflation. The growth... 16th September 2013 · 1 min read
EM Markets Chart Pack Emerging market equities stop underperforming Returns from emerging market equities have been positive since this time last month. Moreover, emerging market equities appear to have stopped underperforming developed market equities. If this... 16th September 2013 · 1 min read
UK Economics Update Housebuilding should continue to support the recovery Although there are worries that the Government’s housing schemes will push up house prices rather than activity, housebuilding has picked up and we expect it to give further support to the recovery. 16th September 2013 · 1 min read
Latin America Economics Update Weaker currencies have not fully restored competitiveness The depreciation of exchange rates across Latin America since May only goes part of the way to restoring external competitiveness that has been lost over the past five years. As such, we suspect that... 16th September 2013 · 1 min read
US Data Response Industrial Production (Aug.) & Empire State Index (Sep.) American producers appear to be benefitting from a steady flow of orders from overseas linked to the recent upswing in demand in Asia and Europe. 16th September 2013 · 1 min read
Europe Economics Update Bavarian state election points to national grand coalition While the CSU, sister party to Angela Merkel’s CDU, won a clear victory in Bavaria yesterday, the poor showing for the FDP bodes ill for the current coalition at a national level. The chance of Mrs... 16th September 2013 · 1 min read
Europe Data Response Euro-zone Labour Costs (Q2) & Final CPI (Aug.) Q2’s labour cost data revealed that cost growth in the euro-zone core slowed relative to that in the periphery, undermining hopes of a swift rebalancing within the bloc. 16th September 2013 · 1 min read
UK Economics Focus Have households fixed their balance sheets? Households have done the bulk of the work in repairing their balance sheets, but we don’t think that they are quite there yet. Household debt as a share of income probably has a bit further to fall... 16th September 2013 · 1 min read
Europe Economics Focus Is Spain finally getting its casa in order? Spain has begun to resolve some of its deep economic problems and its recession has eased. But the strong recovery needed to lower unemployment dramatically and ensure that public sector debt does not... 16th September 2013 · 1 min read
Asia Economics Update India’s inflation data keep RBI in a bind India’s most closely-watched inflation measure rose further in August, underlining the challenges faced by the Reserve Bank’s (RBI) new governor, Raghuram Rajan, when the economy is obviously... 16th September 2013 · 1 min read
Canada Economics Weekly Canada's home ownership fling worse than US The third and final wave of data from Statistics Canada's National Household Survey (NHS) published last week reveal that the Canadian home ownership rate surpassed the record peak at the height of... 16th September 2013 · 1 min read
Japan Economics Weekly To what extent is the weak yen pushing up inflation? The return of inflation has been welcomed by many – although not by Japanese consumers – as an early success for “Abenomics”. In reality there is little behind the increases in the CPI other than the... 16th September 2013 · 1 min read
