Capital Daily US labour market probably remained very weak in September 4th October 2011 · 1 min read
Europe Economics Weekly No closer to resolving the crisis On the face of it, developments last week might have suggested that policymakers are inching closer to resolving the euro-zone crisis. However, the most radical suggestions have come from outside the... 4th October 2011 · 1 min read
UK Economics Weekly Revisions unlikely to lift the gloom The release of the quarterly national accounts this week seems likely to receive more attention than usual. Not only will the release contain the first expenditure breakdown of Q2 GDP which would... 4th October 2011 · 1 min read
Commodities Chart Pack Reality bites The sharp falls in commodity prices in September are a timely reminder that the health of the global economy and financial system is at least as important as developments on the supply-side. The falls... 1st October 2011 · 1 min read
Canada Data Response GDP by Industry (Jul.) July's GDP growth of 0.3% m/m provides further evidence that the economy rebounded this quarter, following temporary supply disruptions to industrial production in the previous quarter. This may be of... 1st October 2011 · 1 min read
Latin America Economics Update Uruguay: rates have peaked, cuts to follow in 2012 The Central Bank of Uruguay (BCU) left its benchmark interest rate unchanged at 8.0% last night as the board weighed downside risks to growth against stubbornly high inflation. We believe that the BCU... 1st October 2011 · 1 min read
China Data Response HSBC/Markit Manufacturing PMI (Sep.) The final reading of China’s September manufacturing PMI was stronger than the flash estimate and adds to the evidence that conditions in manufacturing have stabilised. 1st October 2011 · 1 min read
Europe Data Response Euro-zone Flash CPI & Unemployment (Sep./Aug.) On the face of it, the latest euro-zone CPI inflation and unemployment numbers would appear to reduce the chance of an imminent ECB rate cut. But with the economy on the cusp of recession and the debt... 1st October 2011 · 1 min read
Europe Commercial Property Update Oslo office rental outperformance close to an end The office market in Oslo has been one of Europe’s star performers over the past year. Yet, there are good reasons to believe that the best of Oslo’s office occupier recovery may now be behind us... 1st October 2011 · 1 min read
Latin America Chart Pack Markets take another pounding The Central Bank of Uruguay (BCU) left its benchmark interest rate unchanged at 8.0% last night as the board weighed downside risks to growth against stubbornly high inflation. We believe that the BCU... 30th September 2011 · 1 min read
Europe Economics Focus Is Italy close to buckling? Italy’s recent austerity measures and ECB purchases of government bonds have brought Italy back from the brink. But we still think that Italy may eventually default, with huge repercussions for the... 30th September 2011 · 1 min read
Middle East & North Africa Economics Update Growth forecasts cut for 2012 Following recent downward revisions to our forecasts for growth across the developed and emerging markets, we have also cut our forecasts for the Middle East and North Africa (MENA) region. We now... 30th September 2011 · 1 min read
Bank of Japan Watch Policy on hold ahead of forecast updates in late October We do not expect any changes in monetary policy from the Bank of Japan next week or for the rest of this year. The Policy Board could again be forced into action by the fallout from global financial... 30th September 2011 · 1 min read
Global Markets Update Back to the barber? Given further falls in the prices of Greek government bonds (GGBs), it is little wonder some governments are reportedly seeking to renegotiate the terms of the debt exchange that was proposed for... 30th September 2011 · 1 min read
US Employment Report Preview Businesses reluctant to boost headcounts Our econometric model, which is based on a wide range of labour market indicators, suggests that for the second consecutive month the US economy as a whole failed to create any jobs in September. The... 30th September 2011 · 1 min read
