Europe Commercial Property Update Has the recovery in Norwegian industrial yields got ahead of itself? Having fallen by 100bps since their high in mid-2009, industrial yields in Norway are beginning to look overvalued relative to bonds as well as both office and retail markets. Given that, Q1 2010’s... 7th May 2010 · 1 min read
China Chart Pack Property crackdown shakes markets (May 10) After a poor start to 2010, equity markets in China have weakened further with the launch in earnest of a government campaign against property speculation. The government’s decision to focus on... 7th May 2010 · 1 min read
Europe Data Response German Industrial Production & French Trade (Mar.) March’s surge in German industrial production confirms that the euro-zone’s largest economy is shaking off troubles in the periphery for now. But weather-related weakness earlier this year suggests... 7th May 2010 · 1 min read
Emerging Europe Economics Update Tough year lies ahead for Bulgaria Despite the recent jump in Bulgaria’s budget deficit, the fiscal risks are comparatively modest. Nonetheless, the economy still faces a tough time ahead, and we expect it to contract again this year. 7th May 2010 · 1 min read
UK Data Response Halifax House Prices (Apr.) News that the Halifax house price index suffered a marginal fall in April is a reminder that the recovery in house prices has not had a firm economic foundation. With the acute supply shortages that... 7th May 2010 · 1 min read
UK Data Response Halifax House Prices (Apr.) News that the Halifax house price index suffered a marginal fall in April is a reminder that the recovery in house prices has not had a firm economic foundation. With the acute supply shortages that... 7th May 2010 · 1 min read
Capital Daily Slower productivity growth could eat into US corporate profits 7th May 2010 · 1 min read
Europe Economics Update ECB trying to provide reassurance The ECB is trying to inject calm amid the fiscal turmoil, maintaining a dovish stance after leaving interest rates at 1%. Some might have been disappointed that there were no hints of further... 6th May 2010 · 1 min read
Latin America Economics Update Brazil: Hawkish minutes point to aggressive rate hikes 6th May 2010 · 1 min read
Asia Economics Update Philippine markets likely to rally after the election There is some uncertainty over whether the new counting system is up to the job but the 10th May presidential election in the Philippines should bring a clear-cut result. The new government will... 6th May 2010 · 1 min read
Emerging Europe Economics Update Czech interest rates to stay at record lows into 2011 Today’s surprise interest rate cut in the Czech Republic reflects the ongoing lack of underlying inflation pressures in the economy, and lends further support to our view that rates are likely to... 6th May 2010 · 1 min read
UK Housing Market Chart Pack Activity struggles to regain lost ground (May 10) It is possible that the renewed mood of caution in the housing market might lift once the election has passed. Yet the result will not materially affect the short-term economic growth outlook. And... 6th May 2010 · 1 min read
UK Data Response UK CIPS/Markit Report on Services (Apr.) April’s UK CIPS/Markit report on services suggested that the recovery in the services sector is failing to maintain the momentum seen on the industrial side of the economy. 6th May 2010 · 1 min read
