Asia Economics Update Another jump in Indian inflation confirms case for rate hikes Inflation data released today strengthen the case for the Reserve Bank of India (RBI) to continue raising rates. We expect the repo rate to be hiked in May, followed by even more tightening this year. 15th April 2011 · 1 min read
US Data Response CPI, Ind. Prod'n (Mar.) & Consumer Conf. (Apr.) The pass through of higher agricultural and commodity prices continued in March, with a 0.8% m/m increase in food prices and a 5.6% m/m increase in gasoline prices leading to a 0.5% m/m increase in... 15th April 2011 · 1 min read
Europe Commercial Property Update Euro-zone industrial rents unlikely to rise until 2012 or later The combination of a high proportion of underutilised stock and early signs that the euro-zone industrial recovery is now starting to lose momentum, suggests that most euro-zone industrial markets are... 15th April 2011 · 1 min read
UK Commercial Property Update Have institutions' property allocations passed their trough? Over the next few years, it seems likely that UK investing institutions will buck the long-term trend and raise their allocations to property. Any increase in proportional terms, however, would... 15th April 2011 · 1 min read
Europe Data Response Euro-zone CPI (Final, Mar.) & Trade (Feb.) March’s rise in headline euro-zone CPI inflation, which was down to a pick-up in core inflation, is not as alarming as it may seem. But it will do nothing to ease the ECB’s concerns about building... 15th April 2011 · 1 min read
China Economics Update Activity slows, inflation concerns remain China’s Q1 GDP data confirm that the economy has slowed, though the seasonally-adjusted figures were less enlightening than we had hoped. The continued strength of food price inflation is a concern... 15th April 2011 · 1 min read
China Economics Update What should we make of the new financing measure? The People’s Bank today launched a new measure of financing conditions. In this Update we outline what the new measure is and how useful we expect it to be. 14th April 2011 · 1 min read
Emerging Europe Economics Update What should we make of the new CBRT governor? The appointment of Erdem Basci as the new Governor of the Central Bank of Turkey will no doubt lead to concerns about increased government influence over monetary policy. While these concerns are... 14th April 2011 · 1 min read
Asia Economics Update Singapore's central bank done with policy tightening in 2011 The Monetary Authority of Singapore (MAS) tightened policy today by re-centring its exchange rate target band at a higher level. Q1 GDP figures, also released today, were very strong and show that... 14th April 2011 · 1 min read
China Economics Update People's Bank still intervening heavily China may have recorded a trade deficit last quarter but the pace of its intervention to hold down the renminbi barely slowed. Meanwhile, a rebound in lending last month is consistent with our view... 14th April 2011 · 1 min read
Europe Commercial Property Update Have Spanish office rents reached a floor? Preliminary agency data shows that office rental values in Madrid and Barcelona fell further in the first three months of the year. It is tempting to conclude that having dropped by almost a third... 14th April 2011 · 1 min read
UK Markets Chart Pack Markets reassess near-term outlook for interest rates Weaker data on the strength of the UK’s economic recovery, combined with an unanticipated fall in CPI inflation from 4.4% to 4% in March, has made markets much less confident that the Monetary Policy... 13th April 2011 · 1 min read
Japan Economics Update Slump in consumer confidence to deepen recession Most analysis of the impact of the recent natural disaster on Japan’s economy has focused on the impact on production. However, the fundamental drivers of consumer spending were already weak before... 13th April 2011 · 1 min read
China Economics Update Inflation Monitor (Mar.) Food prices probably drove headline inflation back above 5% in March, but non-food inflation still seems subdued, particularly when the impact of January’s re-weighting of the CPI basket is taken into... 13th April 2011 · 1 min read
