Canada Data Response Consumer Price Index (May) The increase in the headline CPI inflation rate to an eight-year high of 3.7% in May, from 3.3%, and the pick up in the core inflation rate to a seven-month high of 1.8%, from 1.6%, will no doubt... 30th June 2011 · 1 min read
Europe Economics Update Greek disaster averted, for now at least The fact that the Greek parliament has passed the Government’s medium-term fiscal plan clearly reduces the chances of a near-term disaster, but the country remains in a precarious position. 30th June 2011 · 1 min read
UK Economics Update Monetary Indicators Monitor (Jun.) There are still no signs of any pick-up in broad money or lending growth, suggesting that the medium-term outlook for both economic growth and inflation remains pretty weak. 30th June 2011 · 1 min read
Europe Data Response Euro-zone EC Survey (Jun.) June’s EC business and consumer survey dealt a further blow to hopes that sustained strong growth in the euro-zone’s core economies might help to ease the crisis in the periphery. 30th June 2011 · 1 min read
Commodities Update Can China’s destocking alone explain lower metals prices? The decline in China’s imports of industrial metals may partly reflect a drawdown of inventories, but underlying demand also appears to have weakened and shows no sign of rebounding. 30th June 2011 · 1 min read
Latin America Chart Pack Markets continue to struggle Financial markets across Latin America have had a fairly torrid time over the past month or so. Fears of a renewed global slowdown and a subsequent drop in commodity prices, along with worries about... 30th June 2011 · 1 min read
UK Data Response Mortgage Lending (May) The latest mortgage lending figures confirm that housing market activity remains very weak. That’s unlikely to change while the squeeze on real pay continues. 30th June 2011 · 1 min read
Japan Data Response Industrial Production (May) Industrial output in Japan bounced back strongly in May, although not by as much as firms themselves had anticipated. The rapid recovery in vehicle production was the main driver, and is expected to... 30th June 2011 · 1 min read
Canada Economic Outlook Household slump will dampen economic growth Canada's recent economic performance has been impressive. After suffering a less severe recession than most other developed countries, it has also enjoyed a relatively more vigorous recovery... 29th June 2011 · 1 min read
China Chart Pack Equity markets may be turning the corner After falling for two months, Chinese equities have clawed back some of their losses in the last few days. We think that the recovery in equity prices has much further to go. 29th June 2011 · 1 min read
US Data Response Consumer Confidence (Jun.) The further fall in the Conference Board's measure of consumer confidence in June shows that the drop back in equity prices, the rebound in the unemployment rate and the further fall in house prices... 29th June 2011 · 1 min read
Global Economics Update Have oil prices fallen enough to fuel a global recovery? The recent fall in oil prices should help to stabilise global growth in the coming months. But prices would need to drop significantly more to offset other headwinds that will pick up further in 2012... 29th June 2011 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Apr.) April's Case-Shiller house price data support other evidence indicating that the rate at which prices are falling has eased. On some measures, prices are actually rising. We still believe that prices... 29th June 2011 · 1 min read
Europe Data Response German Flash CPI (Jun.) June’s CPI figures suggest that German inflation remains reasonably well contained. But this is unlikely to stop the ECB from increasing interest rates again next week. 29th June 2011 · 1 min read
Europe Economics Update Bank roll-over plan a small step forward for Greece The French plan for banks to roll over a significant chunk of their maturing Greek government debt could significantly reduce Greece’s near-term funding pressures. But we doubt that the roll-over plan... 29th June 2011 · 1 min read
