Latin America Economics Update Brazilian industry slowing but further rate hikes on the way 1st June 2010 · 1 min read
UK Economics Focus Indebtedness not a big problem for the corporate sector Companies balance sheets are in a broadly healthy state, suggesting that firms can avoid the prolonged period of deleveraging facing other parts of the economy. But there are plenty of other reasons... 1st June 2010 · 1 min read
Global Economics Update Canada first to hike rates in the G7 The Bank of Canada raised its key overnight rate by 0.25% today, to 0.50%, making Canada the first G7 country to see a rate hike. However, the tone of the accompanying statement suggests that this is... 1st June 2010 · 1 min read
Emerging Europe Economics Update Centre-right wins in Czech Republic, tough times lie ahead The recent elections in the Czech Republic appear to have produced a strong centre-right coalition, which will step up efforts at tackling the public deficit. But the looming fiscal squeeze adds to... 1st June 2010 · 1 min read
Latin America Economics Update Central Bank of Chile paves the way for rate hikes 1st June 2010 · 1 min read
Asia Economics Update Australia’s central bank has more work to do The Reserve Bank of Australia (RBA) held its cash rate at 4.50% today, as expected. The risk of an extended pause in policy rates has increased. Nevertheless, we still forecast that the next move will... 1st June 2010 · 1 min read
Emerging Europe Economics Update PMIs still pointing to strong growth in industry Manufacturing PMIs from across the region remain consistent with continued strong growth in industrial production over the coming months. The problem, however, is that there is still little sign of... 1st June 2010 · 1 min read
China Data Response PMIs (May) China’s two purchasing manager indices are – for once – telling a similar story of slowing growth and easing price pressures. However, growth still appears fairly strong. The key message is that... 1st June 2010 · 1 min read
Asia Economics Update Vietnam still likely to raise rates again soon The central bank of Vietnam (SBV) yesterday, as expected, announced that its key policy rate will stay unchanged at 8.0% during June. Nevertheless, the cash rate looks too low for an economy that will... 1st June 2010 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (May) May’s CIPS/Markit report on manufacturing provided further evidence that the industrial recovery is still going strong. However, industry makes up less than a fifth of the economy and the recovery... 1st June 2010 · 1 min read
Europe Data Response Swiss GDP (Q1) The Swiss economy is recovering a little more slowly than had been hoped, but it continues to easily outperform the euro-zone. The key risk now is that close trade links to the region and a strong... 1st June 2010 · 1 min read
Europe Data Response Euro-zone & German Unemployment (Apr./May) April’s further rise in euro-zone unemployment adds to evidence that domestic demand in the region looks set to remain weak. 1st June 2010 · 1 min read
UK Commercial Property Focus Will real UK commercial property rental values stay flat? Over the next 20 to 30 years, in contrast with the flat trend that has been experienced since the 1950s, we think that real UK commercial property rental values could rise slightly. As a guide, our... 1st June 2010 · 1 min read
