Global Markets Update Tokyo calling Finance Ministers from the G7 are due to discuss the economic and market implications of the Japanese earthquake on a conference call beginning at 7am Tokyo time tomorrow. Given the scale of the... 17th March 2011 · 1 min read
US Data Response CPI, Industrial Prod'n (Feb.) & Philly Fed (Mar.) Higher headline CPI inflation and the strength of the manufacturing recovery are not going to sway the Fed when core inflation remains muted and other sectors of the economy, notably housing, are... 17th March 2011 · 1 min read
Asia Economics Update Reserve Bank raises rates as core inflation rises The Reserve Bank of India (RBI) hiked the repo rate by 25bp to 6.75% today, as expected. In response to the RBI’s concerns about core inflation, we have revised our rate hike expectations upwards to 7... 17th March 2011 · 1 min read
Europe Commercial Property Update Divergent prospects for CEE property markets As in the West, commercial property markets in Emerging Europe are likely to split into three camps over the next two years - the good, the bad and the also-rans. While we remain wary of property... 17th March 2011 · 1 min read
Europe Economics Update SNB interest rate hike not around the corner Despite growing domestic price pressures, the Swiss National Bank left its interest rate target at 0.25% at today’s meeting. While the Bank’s tone was a bit more upbeat than expected, the inflation... 17th March 2011 · 1 min read
UK Housing Market Focus Will institutional investment in housing increase? Institutional investment in the private rented sector will not increase without a significant fall in house prices and continued strong demand from tenants. Even then, policy changes are required, but... 17th March 2011 · 1 min read
China Economics Update The view from the ground - Q1 2011 China’s businesses are signalling that demand is slowing. Households are slightly less concerned about inflation than they were three months ago. By a wide margin, they still prefer to save rather... 16th March 2011 · 1 min read
Latin America Economic Outlook The return of inflation? The growth outlook for Latin America remains good but inflation looks set to accelerate over the coming quarters. Further policy tightening is likely in most countries, although in most cases the... 16th March 2011 · 1 min read
US Data Response PPI, Housing Starts (Feb.) & Current Account (Q4) The surge in PPI inflation won't sway the Fed. It has already said that it expects the commodity-related upturn will be "transitory". With core PPI inflation still low and the economic recovery... 16th March 2011 · 1 min read
Europe Commercial Property Update Danish investment market to continue lagging Scandinavian recovery Given the weaker prospects for economic and rental growth in Denmark relative to Norway and Sweden, as well as the fact that commercial property in Copenhagen looks fairly pricey, the Danish property... 16th March 2011 · 1 min read
Canada Data Response Survey of Manufacturing (Jan.) January's survey of manufacturers indicates that production continued to recover lost ground early in the New Year. Much of this strength is attributed to the pick-up in auto production. There is no... 16th March 2011 · 1 min read
Europe Data Response Euro-zone CPI (Final, Feb.) & Labour Costs (Q4.) February’s final euro-zone CPI inflation figures revealed that the rise in the headline rate was once again down to energy and food. With core inflation still very subdued and global concerns building... 16th March 2011 · 1 min read
UK Commercial Property Update Financial and business services sector jobs (Q4) Financial & business services (FBS) sector jobs edged up in Q4, though year-on-year growth is yet to recover to levels consistent with strong and sustained gains in City office rental values. We... 16th March 2011 · 1 min read
UK Data Response UK Labour Market Data (Jan./Feb.) The latest labour market figures gave slightly mixed messages. But the fundamental picture is that both activity and price pressures in the labour market remain weak. 16th March 2011 · 1 min read
