Japan Economics Update Bank of Japan may still have to ease further The Bank of Japan’s decision today to refrain from any additional easing on top of that already planned reflects the Board’s conviction that the measures taken so far are working. But with signs... 8th August 2013 · 1 min read
Asia Economics Update No change in Korean rates on the horizon The Bank of Korea’s (BoK) decision to keep interest rates on hold today was no great surprise given continued low inflation and recent signs of a pick-up in GDP growth. We expect to see rates on hold... 8th August 2013 · 1 min read
Emerging Europe Economics Update Q2 GDP data likely to provide grounds for optimism The raft of GDP data due over the next few weeks is likely to show that growth in Emerging Europe picked up in the second quarter of this year. However, while the region as a whole seems to have... 8th August 2013 · 1 min read
Canada Chart Pack Canada's sluggish export 'led' recovery Canada's export growth slowed to around 2.0% annualised in the second quarter, from just over 6.0% in the first quarter, which would seem to refute hopes of an export-led pick-up in economic growth... 7th August 2013 · 1 min read
Energy Watch What could be the long term impacts of the shale boom? Shale oil and gas has transformed the energy outlook in the US. However, the impact on the rest of the world has been negligible so far. Other countries are finding it difficult to replicate the... 7th August 2013 · 1 min read
Global Markets Update Will forward guidance provide a major boost to Gilts? The UK MPC’s "forward guidance" had little initial impact on Gilts on Wednesday but we still think it will help them to outperform US Treasuries over time. That being said, we do not expect the 10... 7th August 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul 13.) Higher mortgage interest rates saw mortgage applications for home purchase post their largest month-on-month fall in almost two years in July. But the most up-to-date weekly figures recorded a small... 7th August 2013 · 1 min read
Latin America Economics Update Fiscal populism setting Argentina up for a fall Argentina’s public finances have deteriorated by more than meets the eye under Cristina Fernández. Increased monetisation and the transfer of resources from public institutions have prevented the... 7th August 2013 · 1 min read
Commodities Update Plummeting cobalt prices still have further to fall We think that the proposed ban on exporting cobalt concentrates by the largest producing country, the Democratic Republic of Congo (DRC), will be deferred again at the end of this year. As a result... 7th August 2013 · 1 min read
UK Data Response Bank of England Inflation Report (Aug.) The MPC’s new “forward guidance” supports our view that interest rates are unlikely to rise until 2016 or even 2017, even if the recovery keeps strengthening. 7th August 2013 · 1 min read
Europe Data Response German Industrial Production (Jun.) June’s German industrial production data point to a healthy rise in GDP in Q2 and the sector could continue to build up steam in the near term. 7th August 2013 · 1 min read
Capital Daily Have US GDP revisions affected the valuation of the stock market? 7th August 2013 · 1 min read
Europe Commercial Property Update Where next for euro-zone property yields? The recent improvement in euro-zone business surveys is unlikely to mark the start of a strong and broad-based economic recovery. Nevertheless, by helping to underpin sentiment, it will increase... 6th August 2013 · 1 min read
UK Economics Update Has the UK reached escape velocity? The further improvement in the economy has sparked suggestions that the UK has now reached “escape velocity”. A continued strong recovery is certainly possible, but it would be complacent to assume... 6th August 2013 · 1 min read
Global Markets Update Stock market implications of capitalising intellectual property The recent change to the accounting treatment of some types of "intellectual property products" in the US national income and product accounts has resulted in a decline in the price/earnings ratio of... 6th August 2013 · 1 min read
