Japan Economics Weekly Has the “Abe trade” run its course? The recent sideways trading in the yen and the Nikkei may simply be a pause in the trends, which would not be unusual following such rapid moves. Nonetheless, we do have three more fundamental... 25th February 2013 · 1 min read
Asia Economics Weekly India's budget: A test of policy credibility Following a year in which India’s growth weakened, external deficit widened, and sovereign ratings came under pressure, the upcoming budget will be a crucial test of the government’s policy... 25th February 2013 · 1 min read
Europe Economics Weekly Exporters to the rescue? Last week’s data brought some encouraging signs that the euro-zone’s export sector is holding up surprisingly well in the face of the strong euro. Nonetheless, a major export revival appears unlikely... 25th February 2013 · 1 min read
Canada Data Response Consumer Price Index (Jan.) Following a year in which India’s growth weakened, external deficit widened, and sovereign ratings came under pressure, the upcoming budget will be a crucial test of the government’s policy... 22nd February 2013 · 1 min read
Commodities Update Copper supply (finally) surges Global copper mine supply grew at its fastest rate in eight years in the closing months of 2012 and mine output is likely to grow just as quickly this year. This should enable smelters to raise their... 22nd February 2013 · 1 min read
Europe Data Response German Ifo Survey (Feb.) & GDP Breakdown (Q4) The second release of German Q4 GDP data confirmed that GDP fell sharply as exports weakened. But the rise in the Ifo in February supports other recent evidence that the economy has since recovered... 22nd February 2013 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts (Q1 13) Respondents to the latest IPF Consensus forecasts envisage rental value growth resuming in 2014 and then accelerating in 2015. But the implication from the capital value forecasts is that yields have... 22nd February 2013 · 1 min read
Africa Economics Update Equity market rally loses steam Following a strong start to the year, the rally in sub-Saharan African equity markets has lost a little steam in the past few weeks. Nevertheless, the MSCI frontier Africa index is still up by around... 22nd February 2013 · 1 min read
Europe Commercial Property Chart Pack Occupier and investment markets diverge The pace of economic contraction in the euro-zone stepped up a notch in the final quarter of 2012. Yet sentiment towards the region has improved. As a result, although the underlying drivers of... 22nd February 2013 · 1 min read
Emerging Markets Economics Chart Pack Policymakers step-up rhetoric while EM currencies fall Talk of “currency wars” remains rife among EM policymakers but most EM currencies have actually weakened over the past month. This partly reflects growing investor fears of official intervention, but... 22nd February 2013 · 1 min read
Capital Daily US and China indicate growing caution on monetary stimulus 22nd February 2013 · 1 min read
China Economics Update PBC tilts towards tightening Global copper mine supply grew at its fastest rate in eight years in the closing months of 2012 and mine output is likely to grow just as quickly this year. This should enable smelters to raise their... 21st February 2013 · 1 min read
US Housing Market Data Response Mortgage Delinquencies & Existing Sales (Q4/Jan) Together, the fall in foreclosure starts and the foreclosure inventory and the rise in the number of non-distressed home sales are encouraging signs of a housing market returning to health. 21st February 2013 · 1 min read
UK Commercial Property Chart Pack Nascent signs of rental growth outside London All-property rental values were unchanged in January, leaving them 0.3% lower than a year earlier. But amidst the broad stagnation at the all-property level there were some bright spots. Notably, Rest... 21st February 2013 · 1 min read
UK Housing Market Data Response Housebuilding (Q4.) Housing starts dropped back in 2012 to below 100,000. But there are some indications that builders are beginning to see a modest increase in demand for new homes. 21st February 2013 · 1 min read
Asia Economics Update Singapore will need to settle for slower growth Singapore’s new official population forecasts have created a stir among an electorate worried about overcrowding and heavy immigration. But from an economic point of view, the biggest takeaway is that... 21st February 2013 · 1 min read
