Japan Economics Update Dismal October data will fuel debate ahead of election The publication of the main economic figures for October is likely to heavily influence the debate ahead of December’s elections. Dismal figures are expected, and will probably leave the main parties... 29th November 2012 · 1 min read
UK Economics Update Household Borrowing Monitor (Oct.) Household borrowing growth remains pretty weak, although there are tentative signs that the Bank of England’s Funding for Lending Scheme (FLS) is starting to have a positive impact. 29th November 2012 · 1 min read
UK Economics Update Monetary Indicators Monitor (Nov.) The broad money supply is continuing to grow at a decent pace. But there are question marks over whether that will last now that the MPC has paused its quantitative easing (QE) programme and whether... 29th November 2012 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Oct. 12) The slight strengthening in lettings market activity in the three months to October, suggests that many households remain unable or unwilling to obtain a mortgage. And alongside the weak outlook for... 29th November 2012 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Oct. 12) Net commercial property lending was negative for the 11th consecutive month in October. However, while lenders continue to make progress on working out nonperforming loans, uncertainty and the weak... 29th November 2012 · 1 min read
China Economics Update PBC foreign exchange purchases set to resume Purchases of foreign exchange by the People’s Bank have slowed to a crawl this year. We believe this is a pause in, rather than the end of, China’s era of massive foreign reserve accumulation. 29th November 2012 · 1 min read
Europe Data Response Swiss & Swedish GDP (Q3) Swiss and Swedish GDP figures for Q3 showed that the two economies remained resilient despite the euro-zone’s troubles. But while both may avoid deep recessions next year, we expect growth to be much... 29th November 2012 · 1 min read
UK Data Response Nationwide House Prices (Nov. 12) & Mortgage Lending (Oct. 12) Mortgage approvals are continuing to rise, helped by a further marginal fall in mortgage rates. But they remain far too low to kick-start a sustained recovery in house prices. 29th November 2012 · 1 min read
Middle East & North Africa Economics Update Egyptian pound being supported at unsustainable levels President Morsi’s decision to grant himself sweeping powers has thrown Egypt into a constitutional crisis, the outcome of which is highly uncertain and will frame the near-term outlook for the economy... 29th November 2012 · 1 min read
Latin America Economics Update Brazil central bank remains in dovish mood The decision by Brazil’s central bank to keep interest rates unchanged at a record low of 7.25% was expected, but the accompanying statement supports our view that they will remain at their current... 29th November 2012 · 1 min read
Emerging Markets Economics Update What lies ahead for EM domestic demand? Strong domestic demand has partially offset export weakness in many emerging economies this year, particularly in Asia. Looking ahead, prospects for domestic demand look favourable in emerging Asia... 29th November 2012 · 1 min read
Nordic & Swiss Data Response Swiss & Swedish GDP (Q3 12) Swiss and Swedish GDP figures for Q3 showed that the two economies remained resilient despite the euro-zone’s troubles. But while both may avoid deep recessions next year, we expect growth to be much... 29th November 2012 · 1 min read
Canada Economics Update Third quarter wage growth looks robust Despite the modest drop back in September's non-farm payroll employment and average weekly earnings, third-quarter annualised growth in wages and salaries is likely to have accelerated to perhaps 8.0%... 28th November 2012 · 1 min read
Global Markets Update How will Basel III affect the demand for gold? There is still widespread confusion and uncertainty over the impact that the Basel III regulations might have on the demand for gold. Gold is an “asset” rather than “capital” and therefore... 28th November 2012 · 1 min read
UK Economics Update Are the one-offs boosting inflation really one-offs? The Bank of England continues to argue that inflation is being kept high by a series of one-off factors. Many of the “idiosyncratic” factors boosting inflation at the moment may prove to be more than... 28th November 2012 · 1 min read
