Canada Economics Weekly What's up with income growth? The recent slowdown in growth of wages and salaries is fairly notable by historical standards. In the third quarter at least, overall personal income growth was also dampened by the effect of lower... 5th December 2011 · 1 min read
Europe Economics Weekly Markets gamble on the ECB The financial markets seem to be gambling that the European Central Bank and Germany are bluffing when they say they are not about to come to the euro’s rescue. But given the obstacles still in the... 5th December 2011 · 1 min read
US Economics Weekly Fed to the rescue? The announcement last Wednesday of coordinated action by the Fed, ECB and other central banks to boost global dollar liquidity certainly had a big impact on financial markets. The announced changes... 5th December 2011 · 1 min read
UK Economics Weekly The Chancellor’s straitjacket could get tighter We doubt when he created his fiscal framework that the Chancellor ever imagined quite what a straitjacket he was creating for himself. At a time when he is under pressure to slow down his austerity... 5th December 2011 · 1 min read
US Data Response Employment Report (Nov.) The decline in the unemployment rate to a two-and-a-half-year low of 8.6% in November, from 9.0%, is another illustration that the US economy is, for now at least, shrugging off the global economic... 2nd December 2011 · 1 min read
Canada Data Response Labour Force Survey (Nov.) November's surprising 18,600 decline in employment, which followed an even greater decline in the month prior, is discouraging to say the least. Given the deepening global financial crisis, an... 2nd December 2011 · 1 min read
DM Markets Chart Pack A chink of light at the end of a torrid month Growing stresses in the banking system fuelled by an escalation of the euro-zone crisis prompted the major central banks to announce measures aimed at enhancing their capacity to provide liquidity... 2nd December 2011 · 1 min read
Commodities Chart Pack Markets clutching at straws Commodity prices ended November little changed, thanks to the technical rebound in WTI and the recovery in risk assets generally late in the month. The markets have taken the view that the cut in the... 2nd December 2011 · 1 min read
Latin America Economics Update Quick fixes are storing up a large adjustment in Venezuela Balance of payments strains in Venezuela are showing no signs of easing. While President Chavez’s short-term fixes may ultimately enable him to squeeze through October’s presidential election, the... 2nd December 2011 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Nov.) The CIPS/Markit PMI for November showed a slight slowdown in the pace of growth in commercial property construction. Looking ahead, given very weak economic prospects, the risks to occupier demand... 2nd December 2011 · 1 min read
UK Economics Chart Pack Renewed credit crunch looms We have revised down our forecasts for GDP growth and now expect a contraction in 2012 as a whole of 0.5% (our previous forecast was zero growth) and growth of just 0.5% in 2013 (down from 1.5%). The... 2nd December 2011 · 1 min read
Asia Economics Update What would a euro-zone break-up mean for Asian markets? Following changes to our assumption about the timing of an EMU break-up, we have revised down our forecasts for emerging Asia’s currency and equity markets for next year. However, we see both... 2nd December 2011 · 1 min read
UK Commercial Property Update Will shopping centre rental values continue to underperform? The recent underperformance by shopping centre rental values is unlikely to persist throughout 2012. But this does not mean that we envisage a recovery. Instead, we think that where shopping centres... 2nd December 2011 · 1 min read
China Economics Update What would a euro-zone break-up mean for China’s markets? Policy stimulus is usually positive for Chinese equities but if it comes against a backdrop of a euro-zone break-up, gains are likely to be relatively low. In these circumstances, we would also expect... 2nd December 2011 · 1 min read
