Asia Economics Update Indonesia to delay rate hikes further Bank Indonesia (BI) left rates at 6.50% today, as expected. The upswing will stay strong but the high level of the rupiah is helping to keep inflation pressures contained. We now expect the first rate... 5th May 2010 · 1 min read
Europe Economics Update Greece - crisis averted, for now at least With the joint euro-zone/IMF fiscal lifeline increasingly likely to be in place in a matter of days, the possibility of a near-term Greek funding crisis has been greatly reduced. But with government... 4th May 2010 · 1 min read
UK Economics Update Monetary Indicators Monitor (Apr.) There are finally tentative signs that the Bank of England’s programme of quantitative easing (QE) is boosting the broad money supply. However, bank lending, particularly to businesses, remains weak. 4th May 2010 · 1 min read
Global Markets Outlook Recovery still on shaky ground (Q2 2010) The rally in many risky asset markets is mature and valuations are no longer attractive from a historical perspective. The recovery in the major developed economies is also likely to peter out soon... 4th May 2010 · 1 min read
UK Commercial Property Update Conflicting signals for investment demand Recent property lending and pooled funds flows data may signal that the upswing in capital values will run further than is commonly assumed. However, with credit supply unlikely to ease materially... 4th May 2010 · 1 min read
Latin America Economics Update Colombian rates to remain on hold throughout 2010 4th May 2010 · 1 min read
Asia Economics Update Australia rates to move still higher The Reserve Bank of Australia (RBA) lifted its cash rate to 4.50% today, as expected. Policy rates should move from neutral to being restrictive over the next 12 months, although rate hikes from now... 4th May 2010 · 1 min read
China Data Response PMIs (Apr.) China’s two PMIs are again giving conflicting messages on the state of the economy. About the only thing they agree on is that input prices have accelerated. But as long as manufacturers are not... 4th May 2010 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Apr.) April’s CIPS/Markit report on manufacturing provided further evidence that the economic recovery, for now, is building a decent amount of momentum. However, the continued weakness of housing market... 4th May 2010 · 1 min read
UK Housing Market Data Response Mortgage Lending (Mar.) March’s mortgage approval figures from the Bank of England confirm that demand is struggling to regain the ground lost at the start of the year. We suspect that the huge gap between house prices and... 4th May 2010 · 1 min read
Asia Economics Update Asian PMIs point to continued good growth The April manufacturing PMIs for emerging Asia (ex-China) were a mixed bunch and the "V-shaped" phase of the regional economic upswing has now largely worked through. But exports and industry should... 3rd May 2010 · 1 min read
Asia Economics Update Bank of Thailand still looks set to tighten soon Thailand data published over the last few days have been strong, with exports leading the way. The political situation remains volatile but we continue to expect that an agreement to hold new... 3rd May 2010 · 1 min read
Japan Economics Weekly Japan dodges Greek crisis... for now The market reaction to the recent events in Greece shows that Japan is still seen as a safe haven rather than one of the next countries in line for a public finance crisis. This makes sense. In... 3rd May 2010 · 1 min read
