DM Markets Chart Pack Temporary respite for risky assets Investors rediscovered their appetite for risk in October amid some slightly better US economic data, reasonable US third quarter earnings numbers, renewed speculation about a third round of... 2nd November 2011 · 1 min read
Global Economics Update Global manufacturing weak even before euro crisis deepened October’s manufacturing surveys suggest Europe was slipping into recession even before the latest twist in the euro-zone crisis, while the rest of the world experienced low but positive growth. As the... 2nd November 2011 · 1 min read
Middle East & North Africa Economic Outlook Financing risks rise in the resource-poor countries The combination of deepening problems in advanced economies and the legacy of political unrest earlier this year has heightened the risk of fiscal and balance of payments crises in the resource-poor... 2nd November 2011 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q3) The modest increase in the rental vacancy rate in the third quarter does little to alter our view that rental yields will soon rise above 5.5%, comfortably beating the yields available on Treasuries... 2nd November 2011 · 1 min read
US Housing Market Data Response Mortgage Applications (Oct.) The fact that mortgage applications for home purchase fell again in October, despite 30-year fixed mortgage rates touching fresh lows, underlines our long held position that the demand for housing... 2nd November 2011 · 1 min read
Europe Commercial Property Update Fresh recession in Hungary set to undermine rental values We have recently downgraded our forecasts for the Hungarian economy and now expect GDP to contract by about 0.5% in 2012. This is unlikely to drive a renewed slump in commercial property rental values... 2nd November 2011 · 1 min read
Emerging Europe Economics Update Upside surprise from PMIs, but industry still slowing October’s manufacturing PMI data came in stronger than expected in most of Emerging Europe. Nevertheless, this does not hide the fact that hard data are weakening. On a quarterly basis, it appears... 2nd November 2011 · 1 min read
Latin America Economics Update Is there a floor on Brazilian interest rates? The decision by Brazil’s central bank to start monetary easing has revived talk about a “floor” on interest rates in Latin America’s largest economy. At present, the minimum rate of return on popular... 2nd November 2011 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Oct.) Today’s PMI showed that commercial property construction continued to expand at a steady pace in October. But with development finance remaining restricted and the economic and, hence, occupier market... 2nd November 2011 · 1 min read
Global Economics Update Will the G20 achieve anything in Cannes? The G20 leaders’ summit this week will be an exercise in damage limitation. The agenda has been completely over-taken by the euro crisis, where there is no agreement on the role non-euro-zone... 2nd November 2011 · 1 min read
Asia Economics Update Australia's central bank to cut further The Reserve Bank of Australia (RBA) lowered its cash rate by 25bp to 4.5% today,moving its policy settings towards a more neutral rather than restrictive stance. We expect conditions outside of the... 1st November 2011 · 1 min read
Commodities Chart Pack Fragile recovery already faltering The recovery in most commodity prices in October now seems like ancient history. The hopes generated by the apparent pick-up in Chinese demand, renewed talk of a third round of quantitative easing... 1st November 2011 · 1 min read
Europe Economics Update Greek referendum throws whole rescue plan into doubt The Greek government’s surprise decision to hold a referendum on the latest euro-zone rescue package has clearly increased the risks of a bigger and disorderly default on Greek debt and, ultimately... 1st November 2011 · 1 min read
US Data Response ISM Manufacturing Index (Oct.) There was little in October's ISM manufacturing survey to suggest that the US economy has moved any closer towards another recession. But equally, there were no real signs that economic growth is... 1st November 2011 · 1 min read
Asia Economics Update Emerging Asia PMIs point to further slowdown October manufacturing PMIs for Taiwan, Singapore, Australia, Korea and India released today remained weak, and are at or around their lowest levels since the 2008-09 global financial crisis. With... 1st November 2011 · 1 min read
