Europe Commercial Property Update Have Portuguese property yields already risen enough? In our view, over 2012-13, Portugal will endure the second deepest recession in the euro-zone. Even so, the gap between the Portuguese property/bond yield spread and its long-term average is by no... 16th March 2012 · 1 min read
Nordic & Swiss Economics Update SNB’s support won’t rescue the Swiss economy The Swiss National Bank pledged to maintain its extremely supportive policy stance today, keeping interest rates as close to zero as possible and defending a minimum exchange rate of CHF 1.20 per euro... 15th March 2012 · 1 min read
Emerging Europe Economics Update Ukraine is running out of options The IMF is highly unlikely to approve Ukraine’s request to restructure $3bn of loan repayments due this year, but the fact that the government is even considering such a move demonstrates the extent... 15th March 2012 · 1 min read
UK Economics Update Droughts could slow fall in inflation Droughts across the UK and some of Western Europe are threatening to push up food prices. Along with the recent rise in energy prices, this might prevent CPI inflation from falling as sharply as hoped... 15th March 2012 · 1 min read
Latin America Economic Outlook Bumps in the road The immediate outlook for Latin America has brightened in recent months as fears of a renewed crisis in the developed world have eased. But even so, while the region is likely to outperform most... 15th March 2012 · 1 min read
US Housing Market Update Make no mistake; the housing recovery is well underway Concerns that a housing market recovery is not possible when prices are falling misses the crucial point that prices lag changes in demand and supply by up to six months. Make no mistake; a housing... 15th March 2012 · 1 min read
Latin America Economics Update Warning signs from the Colombian capital account We remain fundamentally upbeat on the outlook for the Colombian economy. Nonetheless, the recent pick-up in capital inflows has seen a shift away from long-term flows and towards more volatile short... 15th March 2012 · 1 min read
Asia Economics Update Reserve Bank of India leaves repo rate unchanged The Reserve Bank of India (RBI) left its repo rate unchanged at today’s meeting and took a hawkish tone in its policy statement. Given that measures of activity have picked up recently and inflation... 15th March 2012 · 1 min read
Europe Economics Update SNB’s support won’t rescue the Swiss economy The Swiss National Bank pledged to maintain its extremely supportive policy stance today, keeping interest rates as close to zero as possible and defending a minimum exchange rate of CHF 1.20 per euro... 15th March 2012 · 1 min read
Capital Daily Treasury yields to remain anchored by near-zero short rates 15th March 2012 · 1 min read
UK Economics Update Regional Monitor (Mar.) The latest regional figures suggest that the economic recovery remains weakest of all in Northern Ireland, but has continued to gather momentum the most in the West Midlands. Meanwhile, although the... 14th March 2012 · 1 min read
US Housing Market Chart Pack Tentative signs that prices are stabilising The latest data brought tentative signs that the stabilisation in house prices that we have been expecting may now be happening. In January, our seasonally adjusted measure of the CoreLogic index rose... 14th March 2012 · 1 min read
Global Economics Update US economy to pull further ahead of euro-zone The divergence between the performances of the US and the euro-zone economies looks set to widen even further than we had previously expected this year and next. 14th March 2012 · 1 min read
China Economics Update What do Wen’s comments mean for property and the renminbi? Today’s comments from Premier Wen Jiabao at the close of the National People’s Congress have sparked interest in the outlook for China’s property and exchange rate policies and in the prospects for... 14th March 2012 · 1 min read
Emerging Europe Economics Update Making sense of the latest inflation data February’s inflation data were stronger than expected across Emerging Europe, fuelling concerns that the recent jump in oil prices is feeding into higher headline inflation. But we think this reading... 14th March 2012 · 1 min read
