UK Commercial Property Focus Will commercial property prices start to fall again in 2012? Despite recent financial markets turmoil and the knock-on effects for the real economy, we do not think that the outlook for growth and employment has yet deteriorated to a level that merits a... 6th October 2011 · 1 min read
UK Data Response National Accounts & CIPS Report on Services Q2’s national accounts and September’s CIPS report on services brought further bleak news on the UK economy. Not only was the recession back in 2008/09 deeper than previously thought, but the economy... 6th October 2011 · 1 min read
DM Markets Chart Pack Market turmoil finally gives the dollar a lift The dollar finally got a big boost in September from the euro-zone’s intensifying debt crisis and gloomy news on the global economy. The Fed’s major trade-weighted dollar index rose by nearly 6%... 5th October 2011 · 1 min read
US Housing Market Update Households less willing and less able to buy Recent evidence showing that fewer Americans see owning a home as a central part of the American Dream and that fewer have a credit score high enough to make that dream a reality supports our long... 5th October 2011 · 1 min read
Asia Economics Update Asia manufacturing weakens further September PMIs for Asia released over the past couple of days remained weak. Although Asia is relatively well-placed to withstand weaker global demand, the recent PMIs reinforce our view that Asian... 5th October 2011 · 1 min read
Commodities Update Global demand woes to send base metals even lower Despite the price of many industrial metals having plunged by a quarter in recent months, we believe that crumbling demand growth will lead to prices falling further. However, in the case of aluminium... 5th October 2011 · 1 min read
Canada Chart Pack Commodity price plunge threatens economic recovery Renewed concerns over Europe's fiscal crisis and the struggling US economy have triggered a sharp decline in commodity prices. Since peaking in April this year, the Bank of Canada's composite... 5th October 2011 · 1 min read
Asia Economics Update Australia's central bank considers rate cuts The Reserve Bank of Australia (RBA) held its cash rate at 4.75% today, as was widely anticipated. But given the shift in the tone of the RBA’s commentary and our recent downgrades to global growth... 5th October 2011 · 1 min read
Europe Economics Update Greek budget does not eliminate near-term default risks New fiscal measures announced by the Greek Government may have reduced the risks of an imminent disorderly default. But policymakers still face a battle to agree a deal to cover Greece’s financing... 5th October 2011 · 1 min read
Japan Economics Update Spending under pressure from weak labour market The decline in labour cash earnings is symptomatic of the deterioration in labour market conditions. With fewer workers employed and each earning less, consumer spending is likely to come under... 5th October 2011 · 1 min read
UK Housing Market Chart Pack Hopes for a stronger Autumn likely to be frustrated August’s rise in mortgage approvals may boost hopes that the housing market will enjoy a stronger end to the year. However, the bleak labour market outlook and the increasing concerns about a relapse... 5th October 2011 · 1 min read
Latin America Economics Update Mexican IMEF surveys point to weak Q3 The further deterioration in last month’s Mexican IMEF surveys adds to the evidence that the economy struggled in Q3. Indeed, despite the apparent resilience in the neighbouring US economy, Mexican... 5th October 2011 · 1 min read
Emerging Europe Economics Update Polish economy now more vulnerable to a euro-zone slump With elections due on Sunday, the campaign of the governing Civic Platform party has understandably focussed on its economic credentials. After all, Poland was the only country in the EU to avoid... 5th October 2011 · 1 min read
Middle East & North Africa Data Response UAE HSBC/Markit PMI (Sep) September’s PMI data suggest that growth in the UAE’s non-oil private sector accelerated last month. However, the reading was still low and adds weight to our view that growth will be weaker over the... 5th October 2011 · 1 min read
UK Commercial Property Data Response Construction PMI (Sep.) & Institutional Property Investment (Q2) Today’s CIPS/Markit PMI showed that commercial property construction continues to grow steadily. However, the weak economic outlook suggests that it is more likely to slow sharply over the medium term... 5th October 2011 · 1 min read
