Europe Data Response German CPI (1st Est. Jul.) July’s increase in German HICP inflation, from 0.8% to 1.2%, was probably driven by a temporary rise in the energy and food components. With core inflation still very subdued and likely to remain so... 28th July 2010 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jun.) Despite some upward revisions to the last few months of data and a marginal further rise in June, today’s Land Registry index adds to the emerging evidence that house prices may have reached a turning... 28th July 2010 · 1 min read
Global Markets Outlook Don't write off the dollar (Q3 2010) Global growth will probably not be as bad as many fear, while monetary policy should remain extremely accommodative in all the major developed economies for at least another year and a half. The... 28th July 2010 · 1 min read
UK Commercial Property Chart Pack GDP strong in Q2, but property market likely to cool further (Aug 10) The economy grew surprisingly strongly in Q2. Indeed, the pace of expansion, at 1.1%q/q, was double the consensus expectation. Manufacturing, financial & business services and distributive trades (e.g... 28th July 2010 · 1 min read
Japan Data Response Small Business Confidence (Jul.) Japan's smaller companies remain upbeat about business conditions, emphasising that fears of a double-dip here at least are exaggerated. 28th July 2010 · 1 min read
Latin America Chart Pack On course for a weaker 2011 This month’s data have brought fresh signs that the region’s recovery, which has so far been pretty impressive, is starting to lose some of its steam. Brazilian industrial production stagnated in... 27th July 2010 · 1 min read
Global Economics Update World trade recovery to continue but threats remain The latest CPB Trade Monitor shows that global trade rose in May. We expect the pace of recovery to slow sharply later this year and in 2011 as the world economic upswing loses momentum. In addition... 27th July 2010 · 1 min read
Emerging Europe Economics Update Turkish policymakers remain resolutely dovish Turkey’s Q3 Inflation Report confirms that policymakers remain resolutely dovish and relaxed about the inflation outlook. We now think that interest rates will stay on hold until 2011. Furthermore... 27th July 2010 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey The latest Colliers/Real Estate Capital (REC) survey suggested that rental and capital values will be largely unchanged over the next 12 to 18 months. In the absence of an obvious trigger (e.g. higher... 27th July 2010 · 1 min read
Asia Economics Update India's monetary tightening still has far to go The Reserve Bank of India (RBI) increased its two key policy rates today, as was expected. The economic upswing looks set to stay strong and high inflation has now developed into a big political... 27th July 2010 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jul.) The EU bank stress tests have provided some encouraging signs that parts of the euro-zone banking system may be in better health than feared. But as yet there is little sign that banks are becoming... 27th July 2010 · 1 min read
UK Economics Weekly Stress tests won’t transform outlook While the UK banks look likely to receive a relatively clean bill of health in the stress tests, tha is unlikely to have much of an impact on the outlook for the economy. After all, while recent weeks... 26th July 2010 · 1 min read
Japan Economics Weekly On the yen again The Bank of Japan’s apparently relaxed attitude to the strength of the yen can largely be explained by the fact that there is very little that the central bank can do about it anyway. The currency’s... 26th July 2010 · 1 min read
