Capital Daily Will the US labour market recovery run out of steam (again)? 6th February 2012 · 1 min read
UK Economics Weekly Should the MPC follow the ECB’s example? Last week’s Bank of England figures showed that bank lending to firms and households fell in December, while conditions in bank funding markets have continued to get worse. In contrast, LIBOR spreads... 6th February 2012 · 1 min read
Japan Economics Weekly Finance Ministry poised to act (unsuccessfully) The renewed rise in the yen against the dollar and growing evidence of the damaging effect on the real economy have brought further warnings from Ministry of Finance over the inappropriate strength of... 6th February 2012 · 1 min read
Commodities Update Silver: a star performer but will this last? Silver has been the best performing of the major commodities so far in 2012, rising by around 22% in dollar terms and even outpacing the 12% increase for gold. However, while we expect renewed... 3rd February 2012 · 1 min read
Global Economics Update China will not bail out euro-zone alone Yesterday’s remarks by Chinese premier, Wen Jiabao, have yet again raised the possibility that China may put its financial weight behind international efforts to shore up the euro. We remain sceptical... 3rd February 2012 · 1 min read
US Data Response Employment Report (Jan.) January's Employment Report was unequivocally strong and points to a rapidly improving labour market. Non-farm payrolls increased by 243,000, a nine-month high, up from 203,000 in December. That was... 3rd February 2012 · 1 min read
Canada Data Response Labour Force Survey (Jan.) January's dismal employment gain and rise in the unemployment rate are further signs that the economy ended last year on a weaker footing. Given the headwinds confronting Canada's economy, we doubt... 3rd February 2012 · 1 min read
Emerging Europe Economics Update Turkish boom hits the buffers December’s trade data provide the clearest evidence yet that the boom in Turkish domestic demand seen over the past couple of years has come to an abrupt halt. 3rd February 2012 · 1 min read
Latin America Economics Update Uruguay: threat of overheating to recede this year Although symptoms of overheating remain evident in Uruguay, these concerns should take a back seat in 2012 as inflationary pressures fade and demand from Brazil and Argentina slows. The key point is... 3rd February 2012 · 1 min read
ECB Watch Will the ECB take a haircut? While the European Central Bank (ECB) is likely to keep interest rates unchanged again at its February policy meeting, President Draghi will no doubt use the following press conference to stress the... 3rd February 2012 · 1 min read
UK Data Response CIPS/Markit Report on Services (Jan.) The improvement in January’s CIPS/Markit report on services provided further evidence that the economic recovery is getting back on track after Q4’s contraction in GDP. 3rd February 2012 · 1 min read
Capital Daily Pick-up in industrial metals prices unlikely to be sustained 3rd February 2012 · 1 min read
DM Markets Chart Pack Can the good times continue to roll? “Risky” assets have made a bright start to 2012. Investors have welcomed a recent improvement in the US economic data, signs of greater fiscal coordination in the euro-zone as well as more support... 2nd February 2012 · 1 min read
Middle East & North Africa Economics Update Egypt: interest rate unchanged, but further hikes seem likely Today’s decision to keep the benchmark rate unchanged at 9.25% in a sign that Egypt’s central bank is increasingly confident that loans from the IMF and elsewhere will materialise soon. Indeed, the... 2nd February 2012 · 1 min read
UK Housing Market Chart Pack Mortgage demand and house prices mark time Most of the housing market activity and price data were little changed this month. That could be setting the tone for a year of subdued demand and static house prices. But with the economy poised to... 2nd February 2012 · 1 min read
Emerging Europe Economics Update Czech rates on hold, looser policy on the cards Currency concerns remain the key driver of interest rate decisions in Emerging Europe. The recent stability of the leu provided scope for Romanian policymakers to cut rates today. But in the Czech... 2nd February 2012 · 1 min read
