Capital Daily Central banks have another chance to explain themselves 19th November 2010 · 1 min read
UK Housing Market Update How concerned should we be about the latest drop in house-building? The fall in dwelling starts in Q3 may well be a sign that the recovery in house-building has run out of steam. If so, it raises questions about the durability of the wider economic recovery and, on... 18th November 2010 · 1 min read
Emerging Europe Economics Update Disappointing start to Q4 for the Russian economy While there are tentative signs that the agricultural sector is recovering from this summer’s drought, the raft of October activity data released this afternoon suggest that the Russian economy made a... 18th November 2010 · 1 min read
China Chart Pack Inflation returns to top of policy agenda (Nov 10) Inflation has risen faster than anticipated over the last few months and is now the primary concern of both policymakers and markets. A tight credit quota seems likely for 2011 – perhaps RMB6.5trn... 18th November 2010 · 1 min read
Europe Commercial Property Update Falls in Norwegian industrial yields look unsustainable Recent falls in Norwegian industrial yields have been a little surprising given the still fragile fundamentals for industrial occupier demand and rental value growth. As such, we think that the... 18th November 2010 · 1 min read
UK Economics Chart Pack Fitful recovery continues (Nov 10) Consumer spending is still recovering, but the improvement remains fitful. Spending should receive some support in the last few weeks of the year from consumers bringing forward spending ahead of the... 18th November 2010 · 1 min read
Latin America Economics Update Chilean economy completes its recovery The Chilean economy has recovered the loss in output stemming from February’s earthquake and is on track to grow by 5.5% both this year and next. By contrast, the outlook for Venezuela remains bleak. 18th November 2010 · 1 min read
US Economics Focus What do higher commodity prices mean for the US? The recent sharp rises in agricultural commodity prices will boost inflation a little, help keep real consumption growth subdued and narrow the trade deficit. But the gains in prices seen so far are... 18th November 2010 · 1 min read
Asia Economics Update The Philippines' tightening cycle to begin soon The Philippines’ central bank (BSP) kept its key policy rate unchanged at 4.0% today, as expected. The strong peso is doing some of the heavy-lifting for the BSP, but rates will probably need to move... 18th November 2010 · 1 min read
Global Markets Update Yen to fall further against the dollar We expect the Japanese yen to weaken further against the US dollar, to 90 next year and 100 in 2012 (from around 83 today), despite a steady grind higher in most other Asian currencies. In contrast to... 18th November 2010 · 1 min read
Asia Economics Update Slowdown looming for Taiwan The Philippines’ central bank (BSP) kept its key policy rate unchanged at 4.0% today, as expected. The strong peso is doing some of the heavy-lifting for the BSP, but rates will probably need to move... 18th November 2010 · 1 min read
UK Data Response Retail Sales & Public Finances (Oct.) The latest UK retail sales figures suggested that the consumer spending recovery, while a bit lacklustre, hasn’t petered out yet. But another set of poor public finances cast further doubt on whether... 18th November 2010 · 1 min read
Asia Economics Update Inflation concerns suggest Singapore dollar to rise further The upward revisions to Singapore’s Q3 GDP figures, published today, were small. The data will stay wild for some time yet and the economy will expand at a far slower pace in 2011 than will be the... 18th November 2010 · 1 min read
Latin America Economics Update Mexican budget papers over the cracks... again Earlier this week Mexico’s Congress passed the 2011 budget. On the face of it, the planned headline deficit of 0.5% of GDP is small – particularly when compared to the huge budget shortfalls that are... 18th November 2010 · 1 min read
US Data Response Consumer Prices & Housing Starts (Oct.) October's consumer price inflation figures support the recent argument made by several Fed officials, that they would have launched QE2 even if the Fed's mandate was to target price stability alone... 17th November 2010 · 1 min read
