Japan Economics Weekly Tankan likely to indicate recovery gathering pace The main factors behind the partial recovery in Japanese equities in the last few days have been external, namely the fading of concerns about the outlook for US monetary policy and the risks of a... 1st July 2013 · 1 min read
UK Economics Weekly Reasons mount for Carney to act swiftly A number of developments last week supported our view that Mr Carney will need to give the economy more help. He might even hit the ground running by announcing something at his first meeting this... 1st July 2013 · 1 min read
Europe Economics Weekly Banking union: progress of sorts Recently, euro-zone policy makers have made commendable progress towards banking union. They have now agreed an ‘operational framework’ for the region’s bail-out fund, the ESM, to recapitalise banks... 1st July 2013 · 1 min read
Commodities Focus What next for gold? The recent slump in the price of gold to less than $1,200 per ounce – which regrettably we failed to predict – has prompted us to take a more cautious view of the prospects for the precious metal... 28th June 2013 · 1 min read
Latin America Economics Update Latin American markets fall further behind Latin America’s financial markets have borne the brunt of the recent global sell-off since the US Fed signalled its intent to scale back its asset purchases under QE3 and evidence of weaker Chinese... 28th June 2013 · 1 min read
Canada Data Response GDP by Industry (Apr.) Canada's economy continued to decelerate at the start of the second quarter, with real GDP expanding by a modest 0.1% m/m in April. Some surprising strength in services helped offset a moderate... 28th June 2013 · 1 min read
China Economics Update Financial stocks lead slump Equity prices in Shanghai have fallen sharply since early June. The primary cause is the cash crunch in China’s interbank market rather than increasing concerns about Fed’s policy. Meanwhile, the... 28th June 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (May) The Land Registry reported that prices were essentially flat over May, which helped bring the annual rate of inflation down a touch to 0.5%. Prices in London are still far outperforming the rest of... 28th June 2013 · 1 min read
Africa Chart Pack Economic impact of US Fed tapering likely to be limited Financial markets in Africa have taken a hit over the past month following signals from the US Fed that it intends to taper its asset purchases under QE3. Nevertheless, we think that the economic... 28th June 2013 · 1 min read
UK Data Response Nationwide House Prices (Jun. 13) The Nationwide reported that house prices have continued to drift gently upward, with favourable base effects helping the annual rate of growth to a 2½ year high. But price gains are not accelerating... 28th June 2013 · 1 min read
Emerging Europe Economics Update Credit conditions still tight Our latest Banking Heat Map suggests that credit conditions in most countries in Emerging Europe remain extremely tight. The main exception is Turkey, where credit growth has accelerated again in... 28th June 2013 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Jun.) The further slight rise in consumer confidence will raise hopes that the consumer spending recovery could be gathering momentum. But we doubt that any recovery can be sustained while real pay is still... 28th June 2013 · 1 min read
Middle East & North Africa Economics Update Reflecting on President Morsi's first year President Morsi’s first year in office hasn’t been easy to say the least. Unemployment is up, the pound has fallen and the authorities are no closer to securing an IMF agreement. These promise to make... 28th June 2013 · 1 min read
Emerging Markets Economics Update Market turmoil unlikely to cause EMs to slow via wealth effects While at first sight it does look like the recent falls in emerging market (EM) equities could cause growth to slow via “wealth effects”, we think there are only limited grounds for concern. 28th June 2013 · 1 min read
Canada Economics Update Softer business survey suggests slowdown in GDP growth The further decline in the CFIB's measure of small and medium-sized business confidence in June provides us with more evidence that, after the decent 2.5% annualised gain in the first quarter, second... 27th June 2013 · 1 min read
