Europe Data Response Euro-zone Unemployment & Producer prices (May) May’s euro-zone unemployment figures highlight the growing divergences between the core and peripheral euro-zone economies and add to evidence that the latter group’s economic woes are far from over. 2nd July 2010 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Jun 10) The latest PMI suggests that the rebound in commercial construction activity continued in June. This points to further growth in developers’ confidence about future property demand and rents. We agree... 2nd July 2010 · 1 min read
Latin America Economics Update Brazil Election Watch: Dilma pledges to build on Lula’s legacy 2nd July 2010 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank begins monetary policy tightening The widely predicted interest rate hike by the Swedish Riksbank from 0.25% to 0.5% made it thesecond western European central bank to tighten interest rates during the current cycle. But withother... 1st July 2010 · 1 min read
UK Economics Chart Pack The fiscal squeeze arrives The £40bn of additional fiscal tightening announced in June’s emergency Budget takes the total tightening to some £128bn by 2015/16, the equivalent of some 8% of GDP. (See Chart.) With the private... 1st July 2010 · 1 min read
ECB Watch Pledging support for troubled banks With concerns about the euro-zone banking sector growing again, markets will be hoping for reassurance that the ECB will continue to provide ample liquidity. At the same time, the ECB is likely to... 1st July 2010 · 1 min read
Asia Economics Update Asia's industrial sector recovery is losing some power Manufacturing PMIs in emerging Asia and Australia moved lower in June. The recent explosive growth in industrial production will inevitably slow in coming months as the boost from inventory re... 1st July 2010 · 1 min read
China Economics Update Watch the PMIs (or the CAP), not the Conference Board The negative reaction to what was in other respects an unimportant downward revision to the Conference Board’s leading indicator for April probably says more about the fragility of market confidence... 1st July 2010 · 1 min read
Emerging Europe Economics Update PMIs remain consistent with further gains in industry The latest manufacturing PMIs from across Emerging Europe suggest that the impressive rebound seen in the industrial sector will continue over the coming months. However, with domestic demand still... 1st July 2010 · 1 min read
Emerging Europe Economics Update Taking stock of a tough first half for equities A sharp sell-off over the past few days has capped a tough first half of the year for the region’s equity markets. The good news is that valuations now look cheap, pointing to a period of... 1st July 2010 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Jun.) June’s UK CIPS/Markit report on manufacturing confirms that the recovery in the industrial sector remains robust. But with export orders stalling and credit conditions still tight, the prospects for... 1st July 2010 · 1 min read
Europe Economics Update Swedish Riksbank begins monetary policy tightening The widely predicted interest rate hike by the Swedish Riksbank from 0.25% to 0.5% made it the second western European central bank to tighten interest rates during the current cycle. But with other... 1st July 2010 · 1 min read
