Europe Data Response German Industrial Production & Trade (May) May’s sharp rises in German industrial production and exports add to evidence that any negative effects on the sectors from the euro-zone fiscal crisis are being more than offset by the global... 8th July 2010 · 1 min read
UK Economics Update Case for near-term hike fading Today’s no-change decision confirms that the majority of the Monetary Policy Committee (MPC) still sees no pressing need to tighten monetary policy. With the biggest fiscal squeeze in decades getting... 8th July 2010 · 1 min read
Europe Economics Update European stress tests nowhere near stressful enough The announcement that fairly detailed stress tests of EU banks will be published later this month brings only limited comfort. The adverse scenario that will be considered is nowhere near adverse... 8th July 2010 · 1 min read
UK Data Response UK Industrial Production (May) May’s UK industrial production figures added to recent tentative evidence that the pace of economic recovery may have peaked in the second quarter. 8th July 2010 · 1 min read
China Economics Update The significance of China’s latest investment plans Plans for new investment in Western China probably do not constitute a new stimulus, but should temper concerns that tighter rules on local government project financing will lead to a slump in... 8th July 2010 · 1 min read
Japan Data Response Machinery Orders (May), Bank Credit & EWS (Jun) The relapse in machinery orders in May was not quite large enough to conclude that the investment recovery is over before it has really begun, but it is unwelcome. The resilience of sentiment in the... 8th July 2010 · 1 min read
Global Markets Update Is the worst over for the US stock market? The US stock market has rebounded a little this week. We don’t expect a much stronger showing over the remainder of 2010 and are sticking with our view that the S&P 500 will end the year at around... 8th July 2010 · 1 min read
Capital Daily Shipping costs say little about outlook for commodity prices 8th July 2010 · 1 min read
Emerging Europe Economics Update Is there a silver lining to the euro crisis? Today’s news that Hungarian industrial production grew by a massive 5.4% m/m in May could be another sign that a weaker euro is actually helping manufacturers in Central and Eastern Europe (CEE). But... 7th July 2010 · 1 min read
Europe Chart Pack Divergences continue to widen Further falls in euro-zone business confidence in June add to evidence that the economic recovery will fade in the second half of the year. But just as importantly, there are growing signs that... 7th July 2010 · 1 min read
Europe Economics Focus Why the euro-zone needs to break up The threatened break-up of the euro-zone, which many see as a potential disaster, would actually open the door to renewed economic growth, not just for the weaker members of the zone, but for Europe... 7th July 2010 · 1 min read
Latin America Economics Update Q2 may have been the high-point for Mexican industry 6th July 2010 · 1 min read
Europe Commercial Property Update Recovery in Spanish retail rental values is a distant prospect Following the plunge in May, June’s small rise in Spanish consumer confidence does little to improve the outlook for the Spanish retail property market. Indeed, with retail sales volumes unlikely to... 6th July 2010 · 1 min read
