UK Economics Weekly Brighter start to new year unlikely to last The new year has got off to a generally positive start on the economic front. However, we wouldn’t get too excited. As we explained in our UK Quarterly Review published last week, we think that the UK... 7th January 2013 · 1 min read
Europe Commercial Property Update Copenhagen retail yields to resume upwards drift The surprising recent strength of the Danish consumer sector suggests that prime retail yields in Copenhagen may have peaked. But we think that retail occupier demand will suffer this year as, among... 4th January 2013 · 1 min read
Canada Data Response Labour Force Survey (Dec.) There is no denying the strength apparent in Canada's labour market at the end of 2012. Employment increased by nearly 40,000 in December, driving the unemployment rate down to a four-year low of 7.1%... 4th January 2013 · 1 min read
US Data Response Employment Report (Dec.) The 155,000 increase in non-farm payrolls in December is yet another month of job growth that is just about enough to keep pace with the underlying growth in the labour force, but not enough to drive... 4th January 2013 · 1 min read
UK Economics Update Household Borrowing Monitor (Nov.) Household borrowing continued to stagnate in November. While there are growing signs that the Bank of England’s Funding for Lending Scheme (FLS) is having a positive impact on borrowing costs, this is... 4th January 2013 · 1 min read
UK Housing Market Data Response Mortgage Lending (Nov. 12) Mortgage approvals for house purchase increased for the fifth month in a row in November, but the pace of improvement is showing signs of slowing down. 4th January 2013 · 1 min read
UK Economics Update Monetary Indicators Monitor (Dec. 12) The broad money supply is continuing to expand at a decent pace, but growth has been easing off. Meanwhile, bank lending remains weak although there is some indication of a loosening in credit... 4th January 2013 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Nov.) Net commercial property lending was negative again in November, taking the run of sub-zero readings to 12 months. Credit availability may improve a little in the coming quarters, but with the economic... 4th January 2013 · 1 min read
Europe Data Response Euro-zone Flash CPI & Final Composite PMI (Dec. 12) The news that both activity and inflation in the euro-zone remained subdued at the end of last year will increase the pressure on the European Central Bank to provide further policy support ahead of... 4th January 2013 · 1 min read
UK Data Response CIPS/Markit Report on Services (Dec.) December’s CIPS/Markit report on services broke the run of good news seen so far this new year and suggested that the economy still looks likely to have contracted in the final quarter of 2012. 4th January 2013 · 1 min read
Emerging Europe Economics Update An alternative scenario for Turkey Turkey’s hefty external financing requirement makes it one of the most exposed economies in the emerging world to a fresh global shock, the most likely of which is a renewed escalation of the euro... 4th January 2013 · 1 min read
China Economics Update Inflation Monitor (Dec.) December’s data will give us the last “clean” view of inflation before price volatility around Chinese New Year obscures the picture. They are likely to show that consumer price inflation is rising... 4th January 2013 · 1 min read
DM Markets Chart Pack Fiscal cliff negotiations rattle Treasuries The 10-year US Treasury yield rose quite significantly in December, despite the FOMC’s pledge to buy more long-term government bonds. The rise was prompted by at least three factors. First, slow... 3rd January 2013 · 1 min read
ECB Watch A testing new year Having prevented catastrophe in 2012 by pledging to do whatever it takes to save the euro, the European Central Bank will have to follow words with actions in 2013. While no policy changes are likely... 3rd January 2013 · 1 min read
UK Economics Update Recent rise in gilt yields unlikely to herald upward trend Building hopes of global economic recovery, the deterioration in the UK’s inflation outlook and growing fiscal worries have combined to push 10-year gilt yields above 2% today for the first time since... 3rd January 2013 · 1 min read
