Global Economics Update Market falls deepen economic risks The recent sharp falls in financial markets have vindicated our bold expectations for equity markets and bond yields. While we are not minded significantly to redraw our forecasts at this point, there... 6th August 2011 · 1 min read
UK Data Response Halifax House Prices (Jul.) The latest rise in house prices in July will be seen by some as a sign that the market has found a new equilibrium. However, increasingly downbeat news regarding the wider economy and the fact that... 6th August 2011 · 1 min read
Asia Economics Update Have Australia’s shoppers gone on strike? Sluggish retail sales have prompted media reports that Australia’s shoppers have gone on strike. However, overall consumer spending has held up much better. The upshot is that we do not expect the... 6th August 2011 · 1 min read
DM Markets Chart Pack US Treasury yields plummet despite debt spat The 10-year US Treasury yield has fallen very sharply since the end of the second quarter. The principal reason for the drop appears to be a reassessment of the prospects for monetary policy in light... 5th August 2011 · 1 min read
Non-Euro Europe Commercial Property Outlook Yield compression to halt as the recovery falters Non-euro-zone economies will not be immune from the slowdown now unfolding in the single currency area. A slower pace of economic growth coupled with concerns about potential contagion from the crisis... 5th August 2011 · 1 min read
Europe Commercial Property Outlook Europe’s fiscal crisis will dent the occupier market recovery The weakening economic outlook for the euro-zone economy is likely to act as a brake on the recovery in commercial property markets over the next year or two. Rental value growth will moderate in most... 5th August 2011 · 1 min read
Europe Economics Update ECB softens its stance The ECB was bolder than expected today, upping its support for the banking sector and embarking on a new bout of bond purchases to help the peripheral economies. The Bank claimed that these measures... 5th August 2011 · 1 min read
US Housing Market Focus Overseas buyers won't save the housing market While in the long-term foreigners will increasingly want a slice of the American housing dream, over the next five years a rise in demand from overseas buyers will not be large enough to bring the... 5th August 2011 · 1 min read
Japan Economics Update Will intervention weaken the yen for long? The success of today’s intervention to reduce the value of the yen may prove short-lived, so long as the strong forces pushing the currency higher remain intact. Nonetheless, we still think the yen is... 5th August 2011 · 1 min read
UK Commercial Property Data Response RICS Construction Survey (Q2) Today’s RICS Construction survey suggested that private sector activity was strong enough in Q2 to balance a decline in public sector output. Looking ahead, a slowdown in construction activity would... 5th August 2011 · 1 min read
Emerging Europe Economics Update Turkey’s monetary policy experiment gets risky The decision by the Central Bank of Turkey to raise its overnight borrowing rate and cut its benchmark 7-day repo rate could do more harm than good: the rise in the overnight rate risks attracting... 5th August 2011 · 1 min read
UK Economics Update Struggling recovery needs low interest rates The MPC’s decision to re-launch its quantitative easing programme today confirms that the Committee finally recognises that the major threat to the UK is renewed recession, not inflation. But previous... 5th August 2011 · 1 min read
Latin America Economics Update Mexican IMEF survey points to weak growth Mexico became the latest country to release a disappointing manufacturing survey last night. Weak industrial activity, coupled with sluggish growth in the service sector and the ongoing problems in... 5th August 2011 · 1 min read
UK Housing Market Chart Pack Housing market stagnates as the economy stalls Weak economic growth has taken its toll on consumer confidence and employment growth. As a result, despite low interest rates the housing market continues to struggle, so much so that even London... 5th August 2011 · 1 min read
