Asia Economics Weekly India's tightening cycle looks nearly over The Reserve Bank of India (RBI) will probably lift its two policy rates by another 25bp this week. Inflation remains too high while the economic upswing, although losing some momentum, is likely to... 1st November 2010 · 1 min read
Japan Economics Weekly Bank of Japan keeps its options open The Bank of Japan’s decision to bring forward its November Policy Board meeting to the day after Wednesday’s FOMC raises the intriguing possibility that the Bank intends to respond to any additional... 1st November 2010 · 1 min read
Europe Economics Weekly Industrial recovery still going strong for now Recent news from the euro-zone industrial sector has provided some encouraging signs that, for now at least, output is merely starting to grow at a more sustainable rate, rather than grinding to a... 1st November 2010 · 1 min read
US Economics Weekly Fed ready to roll the dice again With Republicans set to make significant gains in this week's mid-term elections, our suspicion is that fiscal policy will end up being largely paralysed for the next two years. The Fed should... 1st November 2010 · 1 min read
Europe Commercial Property Update European commercial property investment volumes unlikely to take-off The recovery in European investment volumes appears to have reached a plateau. Unfortunately, yesterday’s ECB Bank Lending Survey, which showed a further net tightening of credit standards to firms... 29th October 2010 · 1 min read
US Data Response Output growth rebounds from overly-weak July Stronger August GDP data partially reflect temporary factors related to housing, while supporting prospects of stronger and sustained business investment. Overall, there is nothing in this report to... 29th October 2010 · 1 min read
US Data Response GDP (Q3) At 2.0% annualised, third-quarter GDP growth remained well below the economy's trend growth rate of between 2.5% and 3.0%, underlining why many Fed officials think another bout of quantitative easing... 29th October 2010 · 1 min read
UK Economics Update Monetary Indicators Monitor (Oct.) Broad money growth still looks very weak, with the pick-up seen earlier this year now looking like a statistical quirk. This supports the view of some MPC members, including Mervyn King, that a... 29th October 2010 · 1 min read
Global Markets Update Will QE continue to undermine the dollar? The conventional view that further quantitative easing (QE) is unambiguously negative for the dollar will be tested next week both by the outcome of the Fed meeting and by the decisions of other major... 29th October 2010 · 1 min read
Europe Data Response Euro-zone Flash CPI (Oct.) & Unemployment (Sep.) The latest euro-zone unemployment and inflation data attest to the absence of price pressures in the region. As inflation drops back next year, we think the ECB is more likely to up its unconventional... 29th October 2010 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Q3) Net new lending to commercial property was negative again in Q3 but the sector’s share of total loan books remains high. However, anecdotal evidence that lenders may now be starting to take a harder... 29th October 2010 · 1 min read
UK Housing Market Data Response Mortgage Lending (Sep.) The latest small fall in mortgage approvals reinforces the picture of a severely depressed lending market. We do not expect mortgage lending to recover significantly next year. 29th October 2010 · 1 min read
Asia Chart Pack Emerging Asia equity markets set to rise further (Oct 10) Economic growth across Emerging Asia has continued to ease. However, this is just a return to what is normal and can be sustained rather than the start of a prolonged and severe downturn. Rapid... 29th October 2010 · 1 min read
Europe Commercial Property Update European commercial property investment volumes unlikely to take-off The recovery in European investment volumes appears to have reached a plateau. Unfortunately, yesterday’s ECB Bank Lending Survey, which showed a further net tightening of credit standards to firms... 29th October 2010 · 1 min read
UK Housing Market Chart Pack Weak activity data suggest further house price falls to come (Oct 10) The latest housing market activity measures look very weak. For now, however, this does not seem to have passed through to sustained falls in house prices. But with the fiscal consolidation set to put... 29th October 2010 · 1 min read
