UK Data Response Trade (Oct.) Following last week’s generally disappointing activity surveys, October’s trade data provided another indication that the economy has got off to a weak start to Q4. 6th December 2012 · 1 min read
China Economics Update Inflation Monitor (Nov.) China’s consumer price inflation is picking up and could spike much higher around February’s Chinese New Year holiday. It will be higher than today once that seasonal distortion passes, but we don’t... 6th December 2012 · 1 min read
US Economics Focus Will the US ever achieve energy independence? The rebound in domestic production of both crude oil and natural gas has led to increased speculation that America could become energy independent. The US will become progressively less reliant on oil... 5th December 2012 · 1 min read
DM Markets Chart Pack Yen weakness unlikely to last The yen weakened further against the dollar in November as the opposition LDP leader called for more aggressive easing from the BoJ. But this month’s elections in Japan, which the polls still suggest... 5th December 2012 · 1 min read
Global Economics Update Are high corporate cash balances constraining investment? Some commentators argue that the recent build-up of non-financial corporations’ liquid assets in many countries is impeding business investment. However, the rise in cash balances dates back a couple... 5th December 2012 · 1 min read
UK Economics Focus Autumn Statement 2012: More of the same There were few surprises in this Autumn Statement, which simply represented a continuation of the existing strategy. The Statement will do little to get the economy out of its current malaise and a... 5th December 2012 · 1 min read
Canada Economics Update Small business confidence suggest below potential Q4 GDP Although the monthly small business optimism index fell back in November, the quarterly average of our seasonally adjusted measure still points to fourth-quarter GDP growth of just below 2.0%... 5th December 2012 · 1 min read
UK Housing Market Update Taxing high-value property – will it make London uncompetitive? An annual charge on some owners of residential property worth over £2m is unlikely to have a material impact on London’s competitiveness. The main impact will be to lower the price of those homes... 5th December 2012 · 1 min read
Europe Chart Pack Recession to deepen in Q4 Recent hard data have confirmed that euro-zone GDP fell for a second quarter running in Q3 and more timely indicators suggest that the recession deepened in the fourth quarter. September’s drop in... 5th December 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov.) Mortgage applications for home purchase ticked up slightly in November and are now rising year-on-year. While the bigger picture is still that demand for purchase mortgages remains very subdued, this... 5th December 2012 · 1 min read
Emerging Europe Economics Update Polish rates to fall further than most expect For now, the Polish monetary easing cycle is progressing in 25bp steps, but we think the economy is set to slow further over the coming months which, ultimately, could trigger larger rate cuts by... 5th December 2012 · 1 min read
Latin America Economics Update US fiscal cliff unlikely to destabilise Mexican economy Fears about the looming fiscal cliff have caused US businesses and households to defer spending plans, in the process contributing to the recent slowdown in the Mexican economy. But with an abrupt... 5th December 2012 · 1 min read
Middle East & North Africa Economics Update Gulf on course to outperform The latest batch of PMI data from the Middle East and North Africa (MENA) suggest that while the oil-rich Gulf economies have lost some steam they are still comfortably outperforming their resource... 5th December 2012 · 1 min read
UK Data Response CIPS/Markit Report on Services (Nov.) The further deterioration in the CIPS/Markit report on services suggested that the recovery in the biggest part of the economy has completely fizzled out. A renewed contraction in GDP is looking... 5th December 2012 · 1 min read
Europe Commercial Property Update Industrial yields in Prague and Budapest have further to rise Monday’s Central & Eastern European (CEE) manufacturing PMI data suggest that recent rises in industrial yields in Prague and Budapest might be one-offs. However, softer external demand from the euro... 5th December 2012 · 1 min read
