Global Markets Update What next for the yen? The persistent strength of the Japanese currency despite last month’s announcement of an unimpressive fiscal plan has led us to scale back our expectations for a sharp sell-off in the second half of... 12th July 2010 · 1 min read
China Economics Update Slowdown in reserve accumulation unlikely to last China’s foreign exchange purchases slumped in Q2, but will probably pick up again as the trade surplus rises in the second half of the year. 12th July 2010 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q1) Q1’s national accounts highlighted the fragility of the recovery seen so far. We still doubt that the economy is in good enough shape to withstand the fiscal squeeze that is about to start in earnest. 12th July 2010 · 1 min read
China Data Response NBS business conditions survey (Q2) Confidence has collapsed in real estate, but firms in other sectors remain upbeat about current conditions and the outlook. 9th July 2010 · 1 min read
Latin America Economics Update Peruvian central bank stays ahead of the game 9th July 2010 · 1 min read
UK Data Response UK Trade (May) May’s trade figures continued the recent run of disappointing news on the UK recovery. But at least price pressures in the industrial sector appear to be easing. 9th July 2010 · 1 min read
Europe Commercial Property Update Will Swedish property yields fall much further? The emerging recovery in Swedish property yields looks set to continue in the near-term. Indeed, we now think that the economic outlook in Sweden is one of the brightest in Western Europe, while... 8th July 2010 · 1 min read
UK Commercial Property Focus Does the yield curve foreshadow property performance? Our analysis suggests that the UK government bond yield curve has no predictive power for commercial property yields. The yield curve is potentially useful as a tool for forecasting rents, although it... 8th July 2010 · 1 min read
China Economics Update Inflation Monitor (Jun.) Inflation might have risen again last month but the peak is probably not far away. 8th July 2010 · 1 min read
Emerging Europe Economics Update Has Russia won its battle with inflation? Despite repeated warnings from Russia’s inflation hawks, price pressures in Emerging Europe’s largest economy have continued to abate. We expect disinflationary forces to dominate for a while... 8th July 2010 · 1 min read
Europe Economics Update ECB to maintain support for banks After leaving interest rates unchanged today, the ECB confirmed that it would continue to support the banking sector with unlimited liquidity provision. And its cautious tone regarding the economic... 8th July 2010 · 1 min read
Asia Economics Update Malaysia shows its confidence in the upswing Bank Negara Malaysia (BNM) raised its policy rate today by 25bp, as we had expected. Today’s move shows that the authorities see the local economic upswing as being sustainable and likely to stay... 8th July 2010 · 1 min read
