China Economics Update A look ahead to 2011 The main events for December are the high-level meeting at the end of this week to discuss economic policy for the coming year, and the release of November’s inflation data in a week’s time. 6th December 2010 · 1 min read
UK Housing Market Chart Pack Second leg of the correction will continue in 2011 (Dec 10) Most measures of housing market activity worsened last month. Given that economic growth is likely to be sluggish and a fresh rise in unemployment is on the cards, we do not expect activity levels to... 6th December 2010 · 1 min read
Asia Economics Update Should we worry about India's widening external deficit? The current account shortfall in India has climbed quickly to the equivalent of almost 4% of GDP while the composition of foreign financing has deteriorated. Nevertheless, we judge that this should... 6th December 2010 · 1 min read
Global Economics Update The beginning of the end for global imbalances? One of the biggest risks facing the world economy is a lurch towards protectionism, culminating in a trade war between the US and China that would threaten to spill over to other countries. We expect... 6th December 2010 · 1 min read
Japan Economics Weekly Don't write off the recovery in manufacturing Japan's manufacturing sector has continued to weaken despite signs that industrial activity is picking up again in other major economies after a slowdown in the summer. This period of underperformance... 6th December 2010 · 1 min read
Europe Economics Weekly ECB actions speak louder than words, but for how long? Any disappointment that the ECB failed last week to commit to a major stepping up of its bond purchases was offset by reports that it had nonetheless bought large amounts of peripheral bonds. But it... 6th December 2010 · 1 min read
UK Economics Weekly An early Christmas present for Mr. Osborne Christmas appeared to come early for the Chancellor last week. On Monday, the Office for Budget Responsibility (OBR) published its revised economic forecasts, and, broadly speaking, endorsed the... 6th December 2010 · 1 min read
US Economics Weekly Consumers to the rescue? "Never bet against the US consumer" proved to be a valuable maxim during the last decade. The latest data suggest that the US consumer might be slipping the superhero cape back on, ready to save the... 6th December 2010 · 1 min read
Asia Economics Weekly Australia's policy tightening to pause, but not stop The Reserve Bank of Australia (RBA) meets on Tuesday and is likely to keep its cash rate unchanged at 4.75%. This is because recent data have been soft while mortgage rates have generally increased by... 6th December 2010 · 1 min read
DM Markets Chart Pack Dollar bounces back The dollar bounced back sharply in November, especially against the euro, as anxiety about the health of government finances increased dramatically in the peripheral economies of the euro-zone. US... 3rd December 2010 · 1 min read
US Data Response Employment Report (Nov.) November's Employment Report was a painful reality check for those hoping that a meaningful acceleration in economic activity was underway. The truth is that the economic recovery is going nowhere at... 3rd December 2010 · 1 min read
Canada Data Response Labour Force Survey (Nov.) The dramatic slowdown in economic growth is preventing any real improvement in labour market conditions. Not only is the economy struggling to generate enough jobs to have a meaningful impact on... 3rd December 2010 · 1 min read
Asia Economics Update A policy rate hike by Bank Indonesia looks close Bank Indonesia (BI) kept its reference rate unchanged today at 6.5%. The no-change outcome was not a surprise but we suspect that the decision was finely-balanced. Inflation is picking up fast while... 3rd December 2010 · 1 min read
UK Data Response UK CIPS/Markit Report on Services (Nov.) November’s CIPS/Markit report on services was perhaps a bit disappointing after the recent run of improved news on the economy. The big picture is that the economic recovery is still fragile and... 3rd December 2010 · 1 min read
