China Economics Update Renminbi appreciation stalls The renminbi has virtually stopped moving against the dollar over the last fortnight and is actually weaker in trade-weighted terms than it was when currency reforms were restarted just under a month... 14th July 2010 · 1 min read
Emerging Europe Economics Update Ukraine makes the right move on gas prices Today’s announcement that Ukraine will raise consumer gas prices by as much as 50% from 1st August suggests that the government is serious about the reforms needed to keep the country’s IMF programme... 14th July 2010 · 1 min read
Europe Data Response Euro-zone Industrial Production (May) & Final CPI (Jun.) May’s euro-zone industrial production data confirm that the recovery remains on track for now. But as global demand slows and domestic demand is hit by the fiscal squeeze, the revival in the wider... 14th July 2010 · 1 min read
UK Data Response UK Labour Data (May/Jun.) The UK labour market is starting to benefit from the recovery in the wider economy. But we still doubt that private sector hiring will be able to offset the sheer scale of the looming public sector... 14th July 2010 · 1 min read
Asia Economics Update India to hike rates again soon Recent India data show that inflation pressures remain acute and that the economic upswing is still broadly on track. Further monetary tightening is only a matter of time. It is almost certain that... 14th July 2010 · 1 min read
Asia Economics Update Thailand plays catch-up The Bank of Thailand (BoT) raised its policy rate by 25bp to 1.5% today, as expected. The social unrest has inflicted little damage on the economy while inflation is set to rise. Today’s move is not a... 14th July 2010 · 1 min read
Asia Economics Update Singapore to lead growth in Asia Preliminary Q2 GDP data from Singapore, released today, were stunningly strong yet again. Economic growth will ease during the rest of 2010 but domestic demand should limit the downside. The Singapore... 14th July 2010 · 1 min read
US Housing Market Chart Pack Double-dip begins The expiry of the homebuyer tax credit at the end of April has triggered a double-dip in the housing market, with new home sales falling particularly sharply in May. Of course, sales were always going... 13th July 2010 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Jun/May) Market conditions are loosening, as the supply of properties for sale continues to increase and buyer numbers stall. Consistent with our forecast for a double-dip, surveyors now expect house prices to... 13th July 2010 · 1 min read
Asia Chart Pack Asia’s upswing will slow but is unlikely to stall (Jul 10) The best of the rebound in exports and manufacturing has now come through and GDP growth across Emerging Asia looks set to slow in Q3 as the global upswing loses some momentum. Asia’s trade-dependent... 13th July 2010 · 1 min read
China Chart Pack Slowdown exposing reliance on stimulus (Jul 10) Investors are increasingly focused on signs that China’s economy is slowing. In fact, q/q GDP growth probably peaked as long as a year ago when the full force of government stimulus was being felt... 13th July 2010 · 1 min read
Europe Commercial Property Update Will the CEE property investment market recovery run out of steam? Fading risk appetite among property investors may put the brakes on the current investment market recovery in Emerging Europe. Indeed, while recent falls in property yields have been encouraging, the... 13th July 2010 · 1 min read
Global Markets Update What can the money supply tell us about gold prices? We are frequently asked about the relationship between the supply of money and the price of gold. The short answer is that there isn’t one, at least not one that can be relied upon. 13th July 2010 · 1 min read
Latin America Economics Update Brazil's consumer boom probably stalled in Q2 13th July 2010 · 1 min read
