Global Economics Update Limited help for commodities from China The Chinese economy appears to be heading for a soft landing, but any support for global commodity prices is likely to be short-lived. 25th November 2010 · 1 min read
Canada Chart Pack US demand dampens Q3 GDP growth (Canada) Recent export and manufacturing data provide further evidence that real GDP growth slowed further in the third quarter, possibly to as weak as 1% annualised. With little evidence pointing to much... 25th November 2010 · 1 min read
Asia Economics Update The Philippines still set for above-trend growth in 2011 Q3 GDP in the Philippines, published today, was down in q/q terms. We were the only one of those surveyed by Bloomberg to forecast that there would be a contraction, but we remain positive on the... 25th November 2010 · 1 min read
UK Data Response CBI Distributive Trades Survey (Nov.) November’s CBI Distributive Trades Survey suggested that demand on the high street is rising at a rapid rate, perhaps reflecting early signs of a boost to spending ahead of the VAT rise on 1st January... 25th November 2010 · 1 min read
China Activity Monitor Rebound continues The Capital Economics China Activity Proxy (CAP) points to a continued, broad-based rebound in the economy that provides space for policymakers to tighten without significantly undermining growth. 25th November 2010 · 1 min read
ECB Watch Phasing out support despite peripheral crisis The ECB faces the difficult task this month of weighing up the periphery’s disastrous situation on the one hand and pretty strong growth in the core euro-zone economies on the other. With the region’s... 25th November 2010 · 1 min read
Japan Data Response External Trade (Oct) Japan’s exports are weakening due both to the strength of the yen, which has already caused the local currency value of overseas sales to fall outright for most of the year, and more recently to a... 25th November 2010 · 1 min read
Capital Daily Would a ceiling on Treasury yields make much difference? 25th November 2010 · 1 min read
UK Markets Outlook Markets become more optimistic on recovery On the whole, financial markets have become increasingly optimistic about the prospects for the UK’s recovery. Interest rate expectations have begun to rise again and equities have rebounded, while... 24th November 2010 · 1 min read
US Employment Report Preview Companies still reluctant to boost hiring Our econometric model suggests that payroll employment increased by around 130,000 in November. That would be consistent with other evidence showing that labour market conditions have yet to improve... 24th November 2010 · 1 min read
US Data Response FHFA House Prices (Q3) & New Home Sales (Oct.) The US economy once again has to contend with a faltering housing market, in which both prices and activity are falling. Thankfully, this second downward leg should be shorter and less severe than the... 24th November 2010 · 1 min read
Europe Economics Update Ireland's fiscal plans will do little to ease markets' fears The recent increase in political uncertainty and rising concerns about banks’ near-term funding needs have only added to Ireland’s problems. Indeed, the further details on the shape of the fiscal... 24th November 2010 · 1 min read
US Data Response Durable Goods Orders & Personal Spending (Oct.) October's durable goods orders and personal spending data suggest that households have started to pick up the baton of growth from businesses. Whether households will be able to carry the burden on... 24th November 2010 · 1 min read
Europe Commercial Property Update When will euro-zone office rental values recover their 2008 highs? Reflecting improvements in economic activity, there have recently been isolated reports of rising prime office rental values in parts of the euro-zone. While the floor for rents is now behind us... 24th November 2010 · 1 min read
UK Commercial Property Chart Pack Fragile economic outlook weighs on investment activity All-property rental values were basically unchanged again in October, with modest rises in Central London office markets balanced by falls elsewhere. A meaningful recovery in rental values, however... 24th November 2010 · 1 min read