Europe Commercial Property Update Has Swedish industrial yield outperformance run its course? The relative strength of Swedish economic growth in 2010 has helped to push industrial property yields in Stockholm below those in Copenhagen. Although almost unprecedented, with the Swedish economy... 5th January 2011 · 1 min read
UK Economics Update VAT inflation effects shouldn't panic the MPC Perhaps the biggest risk facing the household sector is the possibility of a near-term interest rate rise. We do not think that a modest rate rise would have a disastrous effect on household incomes... 5th January 2011 · 1 min read
Latin America Economics Update First thoughts on Dilma's first week Although it is still very early days, Brazil’s new president, Dilma Rousseff, has made tackling the recent pick-up in inflation an immediate priority. But with cuts in public spending now looking... 5th January 2011 · 1 min read
UK Economics Chart Pack Recovery starts new year with strong momentum The economy has entered 2011 on a relatively strong note. However, the recovery looks set to lose momentum as 2011 progresses and the fiscal squeeze hits. We expect growth of just 1.5% both this year... 5th January 2011 · 1 min read
Emerging Europe Economics Focus Should we worry about Poland's widening external deficit? Poland’s widening current account deficit is not an immediate cause for concern but, with the quality of financing apparently deteriorating and foreign inflows seemingly being used to finance consumer... 5th January 2011 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Dec) Construction activity in the civil engineering and housing sectors fell in December while commercial property saw the slowest pace of growth in 10 months. That moderation in the rate of development... 5th January 2011 · 1 min read
Asia Economics Update The first Indonesia rate hike looks close Bank Indonesia (BI) left its reference rate unchanged today at 6.5%, as was universally expected. Nevertheless, the reference rate is now negative in real terms while inflation will probably... 5th January 2011 · 1 min read
Capital Daily What is the link between economic growth and bond yields? 5th January 2011 · 1 min read
Nordic & Swiss Economics Update Iceland still faces major challenges The joke about the differences between Iceland and Ireland (one letter and about six months) might provide some encouragement to the latter in the light of recent signs that Iceland is turning the... 4th January 2011 · 1 min read
Latin America Economics Update Chile joins the 'currency war' The Central Bank of Chile (CBC) will begin intervening in the currency market tomorrow in a bid to weaken the peso. But while the peso has fallen by 5% against the dollar today, history suggests that... 4th January 2011 · 1 min read
US Employment Report Preview Don't trust the initial jobless claims figures The sharp decline in the number of initial jobless claims towards the end of last year should not be interpreted as a sign that the labour market recovery is gaining momentum. Nonetheless, the 39,000... 4th January 2011 · 1 min read
Asia Economics Update Asia's industrial slowdown past its worst point The manufacturing PMIs for December, released yesterday and today, improved in Taiwan and Korea and stayed above 50 in India and Singapore. Industrial activity across the region should gain traction... 4th January 2011 · 1 min read
UK Economics Update A tough year ahead for consumers The early evidence suggests that consumers have been out in force over the Christmas and new year “sales” period, helping to make up for any shopping trips cancelled before Christmas due to the snow... 4th January 2011 · 1 min read
Global Markets Update How useful is nominal GDP as a guide to bond yields? One approach to forecasting long-term government bond yields is to assume that they should normally match the rate of growth of nominal GDP. For example, this approach is currently being used by some... 4th January 2011 · 1 min read
Europe Economics Update Iceland still faces major challenges The joke about the differences between Iceland and Ireland (one letter and about six months) might provide some encouragement to the latter in the light of recent signs that Iceland is turning the... 4th January 2011 · 1 min read
Asia Economics Update Expect another year of Singapore dollar gains Singapore data published yesterday and today showed Q4 GDP rebounded in q/q terms, residential property prices climbed too, while the December PMI also suggests that manufacturing will continue to... 4th January 2011 · 1 min read
