UK Markets Outlook Gilts may yet decouple from Treasuries While yields on gilts have continued to track those on US Treasuries closely, some decoupling is still possible. For one, both central banks have tied their monetary policy to the unemployment rate... 28th August 2013 · 1 min read
UK Economics Update Carney’s words fall on deaf ears Bank of England Governor Mark Carney gave an unambiguously dovish maiden speech today but he still seems to be fighting a losing battle against the financial markets. It is looking as though the MPC... 28th August 2013 · 1 min read
Global Economics Update How big are the global risks from Syria? The recent events in Syria are, above all, a human tragedy, but it falls on us to address the wider market and economic implications too. A further rise in oil prices would threaten to turn a... 28th August 2013 · 1 min read
UK Commercial Property Update How quickly will faster economic growth feed into rental values? We recently revised up our GDP forecasts for both this year and next. Although it is tempting to conclude that commercial property occupier demand and rental values will be correspondingly stronger... 28th August 2013 · 1 min read
Emerging Europe Chart Pack Central Europe turns the corner It’s been a good month for Central Europe, although the news elsewhere in the region has been less encouraging. A raft of preliminary Q2 GDP data showed that, although growth remains weak in Central... 28th August 2013 · 1 min read
Non-Euro Europe Commercial Property Outlook Renewed growth to boost property values The fundamental drivers of commercial property outside of the single currency region have not changed materially since our previous Analyst. However, a widespread rise in business sentiment has... 28th August 2013 · 1 min read
Europe Commercial Property Outlook No boom, but better times to come The economic outlook for the euro-zone has brightened since our previous Analyst, prompting us to increase our forecasts for commercial property capital values and total returns. Indeed, our less... 28th August 2013 · 1 min read
Africa Chart Pack Nigeria on course to become region’s largest economy Economic growth in both South Africa and Nigeria accelerated a little in Q2, but there are important differences in the performance of the region’s two largest economies. In South Africa, GDP growth... 28th August 2013 · 1 min read
Latin America Economics Update Don’t be fooled by Q2, Venezuela is still vulnerable to a crisis Surprisingly strong Q2 data have left Venezuelan GDP on course to grow by 0.5% this year, but severe underlying problems in the economy have not been solved. If oil prices fall over the coming years... 28th August 2013 · 1 min read
UK Data Response CBI Distributive Trades Survey (Aug.) August’s improvement in the CBI Distributive Trades Survey suggests that the underlying recovery in the retail sector has strengthened further. But the fact that retailers have been unable to push... 28th August 2013 · 1 min read
Emerging Europe Economics Update What might the next twist in Turkish monetary policy be? The Turkish central bank appears ready to add to its policy toolkit in order to support the lira. No details have been provided yet, but our best guess is that, if new measures are introduced, they... 28th August 2013 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jul.) The continued weakness of the euro-zone monetary data in July suggests that the pick-up in the real economy rests on fragile foundations. 28th August 2013 · 1 min read
Japan Economics Update More is needed to encourage women to work Higher female participation could eventually provide a small but welcome boost to the potential growth rate of the Japanese economy. However, the government’s pledge to improve the availability of... 28th August 2013 · 1 min read
Emerging Markets Activity Monitor EM growth remains disappointing Our GDP Tracker suggests that growth is no longer slowing across the emerging world, with the exception of Emerging Asia. But neither does it seem to be recovering. 28th August 2013 · 1 min read
Middle East & North Africa Economics Update Latest unrest has muted impact on Egyptian markets Egypt’s financial markets appear to have taken the latest outbreaks of violence in their stride. The equity market is actually up since the start of the month, while bond yields remain below the level... 28th August 2013 · 1 min read
Capital Daily Monetary policy more likely to drive markets than geopolitics 28th August 2013 · 1 min read
