US Employment Report Preview Private sector jobs growth gets back on track 24th June 2010 · 1 min read
Japan Economics Update A closer look at May’s trade data May’s external trade data revealed two interesting developments. The first is a growing divergence between trends in the value of exports compared to the volume, probably a consequence of the stronger... 24th June 2010 · 1 min read
Asia Economics Update New Zealand set for a sub-par upswing Data released overnight showed that New Zealand’s economy expanded again in Q1, albeit at a slower pace than at the end of 2009. The recovery should not come under serious threat in coming quarters... 24th June 2010 · 1 min read
Emerging Europe Economics Update The real lessons from the Baltic squeeze If the recent experience of the Baltic States offers any lessons for policymakers in the West it is that aggressive fiscal consolidation at a time when the private sector is also retrenching is likely... 23rd June 2010 · 1 min read
Europe Economics Update German consumers becoming more willing to spend? The recent sharp rise in German consumers’ willingness to buy brings hope that announced fiscal austerity measures have not so far led households to abandon spending plans. But the weakness of... 23rd June 2010 · 1 min read
Latin America Economics Focus Colombia: How should Santos build on Uribe’s legacy? Colombia had a relatively ‘good’ crisis but following his victory in Sunday’s election the new President, Juan Manuel Santos, will need to pursue aggressive supply-side reforms to mitigate the threat... 23rd June 2010 · 1 min read
Europe Commercial Property Update How sustainable is the recovery in French office rental values? We think that the nascent recovery in French office rental values probably has further to run. Indeed, with business confidence approaching long-run average levels and a risk of undersupply emerging... 23rd June 2010 · 1 min read
UK Commercial Property Chart Pack Debt burdens likely to limit property returns for years to come (Jul 10) The economy remains on track to expand again in Q2, not least because retail sales posted a solid increase of 0.6%m/m in May. However, the labour market remains fragile and the Budget measures will... 23rd June 2010 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (May.) Mortgage lending figures from the BBA ticked up in May, but are still indicative of a weak mortgage market. The numbers suggest that the latest falls in consumer confidence and the considerable... 23rd June 2010 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Jun.), Ger. & Italian Cons. Conf. (Jul./Jun.) June’s fall in the euro-zone composite PMI index is another sign that the announced austerity measures may be starting to take their toll on the economy. But for the time being at least, the index... 23rd June 2010 · 1 min read
UK Data Response MPC Minutes (Jun.) The minutes of June’s Monetary Policy Committee (MPC) meeting showed that a divide is starting to open up about the risks to the inflation outlook. But most members still seem to believe that the... 23rd June 2010 · 1 min read
