Asia Economics Update Can Australia cope as its mining boom cools? Today’s GDP data showed that Australia, unusually for a developed economy, is continuing to grow at speed. But its mining boom is nearing its peak. In the short term, this means that growth will slow... 5th December 2012 · 1 min read
Capital Daily US ISM non-manufacturing index may have fallen in November 5th December 2012 · 1 min read
Global Markets Update The return of the yen carry trade? Expectations that the yen is about to fall sharply could increase the attractiveness of “carry trades” and hence become self-fulfilling. However, with global interest rates likely to remain low and... 4th December 2012 · 1 min read
US Fed Watch Fed likely to replace twist with more QE It looks like the Fed will replace its expiring Operation Twist with an expansion of the assets it is purchasing under the QE3 programme. We expect that the Fed will use next week's two-day FOMC... 4th December 2012 · 1 min read
Middle East & North Africa Economics Update Gulf overheating fears fail to materialise The massive fiscal stimulus packages unveiled by Gulf economies in the wake of the Arab Spring raised fears at the time that they would lead to economic overheating and rising inflation. Fortunately... 4th December 2012 · 1 min read
Canada Economics Update Bank of Canada turning more dovish The Bank of Canada is still clinging to the possibility that its policy rate might need to rise from the current 1% because it is too early to tell whether the housing slowdown will be sustained. It... 4th December 2012 · 1 min read
Latin America Economics Update Mexico: Pena Nieto keeps up reform momentum The new President of Mexico, Enrique Pena Nieto of the PRI, has continued to demonstrate an appetite for the kind of reforms that should help to raise economic activity over the medium-term. We expect... 4th December 2012 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Oct. 12) Adjusting for the normal seasonal dip in house prices seen at this time of year, prices rose again in October. Therefore, the underlying trend in the CoreLogic measure of house prices is strongly... 4th December 2012 · 1 min read
Europe Economics Update Negative bank rates won't depress the Swiss franc for long Credit Suisse’s announcement that it will charge other banks for holding large Swiss franc deposits with it has helped to ease the pressure on the currency for now. But while we have revised down our... 4th December 2012 · 1 min read
Latin America Economics Update Brazilian industry not as strong as it seems Brazilian industry should continue to grow over the coming months, but the current pace of expansion is unlikely to be maintained. Tax breaks on motor vehicles are due to expire, while the economy... 4th December 2012 · 1 min read
Europe Economics Update Debt buyback won't transform Greece's fiscal outlook While early signs indicate that Greece’s debt buyback will be a success, it will not bring an end to the country’s fiscal crisis. 4th December 2012 · 1 min read
UK Economics Chart Pack Activity relapses in Q4 Following the strong rise in GDP in the third quarter, the more recent news has been disappointing. 4th December 2012 · 1 min read
Asia Economics Update Australia's central bank likely to cut again The Reserve Bank of Australia (RBA) cut its cash rate by 25bp to 3.0% today. We expect the RBA to cut again in early 2013 to support the economy through a cooling of the mining boom. 4th December 2012 · 1 min read
Africa Economics Update Ugandan easing cycle has probably ended The Bank of Uganda lowered its benchmark interest rate today for the ninth time this year but, with inflation ticking up and the shilling having depreciated in recent weeks, we think the rate cutting... 4th December 2012 · 1 min read
Emerging Markets Economics Update Stronger export orders boost EM manufacturers A turnaround in export orders has given a boost to emerging world manufacturers, according to the PMIdata released over the last couple of days. However, with domestic demand in emerging economies... 4th December 2012 · 1 min read
Europe Commercial Property Focus Is it too soon to look beyond core European property markets? Above-average falls in rental values and a rising yield gap with core markets both suggest that there is growing scope for commercial property in the peripheral euro-zone economies to outperform... 4th December 2012 · 1 min read
