Europe Economics Update Portuguese Budget will only buy time The Government finally passed its 2011 Budget in parliament yesterday. This may provide some relief after weeks of political tension but the episode has re-awakened market concerns. And while Portugal... 4th November 2010 · 1 min read
Asia Economics Update Bank Indonesia will probably hike rates soon It was no surprise that Bank Indonesia (BI) today left the repo rate unchanged at 6.5%. But BI has become more hawkish on the outlook for inflation despite the prospect that the rupiah will appreciate... 4th November 2010 · 1 min read
US Economics Update Fed's QE2 is no game changer The Fed's new programme of asset purchases is not going to pull the US economy out of its current malaise because, given the scale of the balance sheet problems affecting households and financial... 3rd November 2010 · 1 min read
DM Markets Chart Pack Prospect of more QE buoys markets The prospect of additional quantitative easing in the US boosted the prices of “risky” assets in October. Government bonds also held firm in anticipation of more buying by the Fed. The ongoing loser... 3rd November 2010 · 1 min read
Europe Chart Pack Peripheral strains still building Recent activity indicators confirm that while, the euro-zone recovery is slowing, it has by no means ground to a complete standstill. Nonetheless, news on the periphery remains grim. This, coupled... 3rd November 2010 · 1 min read
US Economics Update Mid-term elections point to gridlock As widely expected, the Republicans regained control of the House of Reprentatives in yesterday's midterm elections but failed to overturn the Democratic majority in the Senate. The division of power... 3rd November 2010 · 1 min read
Latin America Economics Update Latin America's impossible trinity The so-called ‘impossible trinity’ suggests that the only way that governments in Latin America can resist further currency appreciation is to either impose strict capital controls or align monetary... 3rd November 2010 · 1 min read
Europe Commercial Property Update German capital values are likely to rise in the near term One of the most striking aspects of Q3’s RICS global property survey was the marked improvement in surveyors’ expectations for German capital values. We find it hard to take issue with the new, more... 3rd November 2010 · 1 min read
UK Data Response UK CIPS/Markit Report on Services (Oct.) October’s CIPS/Markit Report on Services continued the recent run of slightly better news on the strength of economic activity. But the recovery still appears to have slowed in the past couple of... 3rd November 2010 · 1 min read
Capital Daily Rising bond yields to keep pressure on euro-zone governments 3rd November 2010 · 1 min read
Global Markets Outlook Will QE2 keep the markets afloat? US Treasury yields should remain anchored even if the scale of additional quantitative easing (QE) disappoints. We are sceptical, however, that the rally in the US equity market will last much longer... 2nd November 2010 · 1 min read
Asia Economics Update Are Vietnam's policy-makers losing the plot? October data from Vietnam have brought a sharp acceleration in annual inflation and another increase in the merchandise trade deficit. Nevertheless, the authorities continue to target faster credit... 2nd November 2010 · 1 min read
Asia Economics Update Services will cushion Singapore's economic slowdown Singapore’s labour market stayed strong in Q3 while the October manufacturing sector PMI, published today, picked up and suggests that the slowdown in industry and exports is close to bottoming out... 2nd November 2010 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q3) The results of today’s RICS survey were very downbeat. Admittedly, they may have been unduly influenced by the fact that the survey responses were taken prior to the Spending Review announcement, when... 2nd November 2010 · 1 min read
Europe Economics Update Euro-zone default mechanism poses near-term risks Proposed arrangements for a permanent crisis resolution mechanism in the euro-zone threaten to have counter-productive effects on member countries’ fiscal consolidation efforts. 2nd November 2010 · 1 min read
