Asia Economics Update Malaysia's policy tightening pause unlikely to last long Bank Negara Malaysia (BNM) left the reference rate unchanged today at 2.75%, as expected. Our view is that the local economic upswing will comfortably survive the tough global conditions which are in... 2nd September 2010 · 1 min read
Global Markets Update Outperformance of emerging equities looks here to stay The performance of emerging market (EM) equities in 2010 has been disappointing relative to last year but has still been better than the performance of developed market equities. The MSCI Emerging... 2nd September 2010 · 1 min read
DM Markets Chart Pack US Treasuries warm to Fed policy decision (Sep 10) The US FOMC’s decision to reinvest the proceeds of the Fed’s holdings of maturing agency debt and mortgage-backed securities into longer-term Treasuries triggered another sharp decline in US... 2nd September 2010 · 1 min read
Europe Data Response Euro-zone GDP (Q2) The second release relating to Q2 euro-zone GDP gives a fairly encouraging picture, but does not alter our view that the recovery will soon falter. 2nd September 2010 · 1 min read
Latin America Economics Update Brazil: Rates on hold as fears about overheating subside 2nd September 2010 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Aug 10) Today’s PMI suggested that growth in commercial construction sector activity continued to slow in August, hinting at growing concerns amongst developers about the prospects for economic growth and... 2nd September 2010 · 1 min read
UK Data Response Nationwide House Prices (Aug.) The renewed downturn in house prices signalled by today’s Nationwide index is unlikely to be short-lived. Not only is the market still significantly overvalued on most measures, but the lack of... 2nd September 2010 · 1 min read
UK Data Response Nationwide House Prices (Aug.) The renewed downturn in house prices signalled by today’s Nationwide index is unlikely to be short-lived. Not only is the market still significantly overvalued on most measures, but the lack of... 2nd September 2010 · 1 min read
UK Data Response Nationwide House Prices (Aug.) October’s rise in the Halifax house price index was widely expected, given the size of the previous month’s drop. Moreover, although far stronger than consensus estimates for a 0.6% rise, the... 2nd September 2010 · 1 min read
Europe Economics Update Swedish Riksbank continues to strike an upbeat tone The Swedish Riksbank’s decision to raise interest rates for a second meeting running reflects concerns that domestic imbalances may be building. Further hikes seem likely in the near term, but the... 2nd September 2010 · 1 min read
Europe Data Response Swiss GDP (Q2) Q2’s GDP release confirmed that the Swiss economy is still performing very well. However, the breakdown of growth cast doubts over whether the recent pace of expansion can be maintained over the... 2nd September 2010 · 1 min read
Capital Daily Wobble in the US Treasury market should prove short-lived 2nd September 2010 · 1 min read
Europe Chart Pack Economic divergences widen yield spreads Q2’s 1.0% quarterly rise in euro-zone GDP confirmed that the region as a whole performed well by international standards last quarter. But Q2’s growth surge was largely down to a huge 2.2% quarterly... 1st September 2010 · 1 min read
UK Economics Chart Pack Unbalanced recovery still looks fragile While the economy expanded strongly in the second quarter, further signs have emerged that growth has since slowed. And the breakdown of Q2 GDP casts additional doubt over the sustainability of the... 1st September 2010 · 1 min read
