UK Housing Market Update Are structural supply shortages supporting house prices? We are not convinced that the recent recovery is evidence that long-term supply shortages are underpinning UK house prices. Admittedly, Sweden and Australia also suffer supply shortages and house... 8th March 2010 · 1 min read
Japan Data Response Economy Watchers Survey & Bank Lending (Feb.) The continued improvement in the main balances of Japan’s Economy Watchers Survey (EWS) in February is further evidence of a strong and increasingly broad-based recovery. We would pay less attention... 8th March 2010 · 1 min read
Capital Daily An encouraging US payrolls report, but still a jobless recovery 8th March 2010 · 1 min read
Japan Economics Weekly Fiscal outlook is the biggest risk to the yen The government is due to announce its medium-term fiscal plans in June. Either this will mark the start of a long period of fiscal restraint, weakening the economy again and requiring further monetary... 8th March 2010 · 1 min read
Europe Economics Weekly Labour market prospects still weak On the whole, last week’s news on the euro-zone economy was once again pretty disappointing. But the recent stabilisation in the unemployment rate is at least a little more encouraging. Unfortunately... 8th March 2010 · 1 min read
UK Economics Weekly Is the housing recovery faltering? Last week brought further tentative indications that the recovery in the housing market might be losing a little steam. Both the Halifax and Nationwide recorded falls in house prices in February while... 8th March 2010 · 1 min read
China Economics Update Is China serious about rebalancing? The Prime Minister’s address to the National People’s Congress today highlighted near-term policy continuity but offered little sign the government is getting to grips with China’s structural... 5th March 2010 · 1 min read
Global Markets Update Yen should fall, but fiscal concerns will be the trigger 5th March 2010 · 1 min read
UK Data Response Producer Prices (Feb.) February’s UK producer prices figures have brought the first hints that cost pressures in the production sector may be starting to ease a bit. 5th March 2010 · 1 min read
Europe Economics Update ECB winds down unconventional support The ECB is withdrawing its unconventional policy support a bit more quickly than had been expected. But its gloomy take on the economic outlook and the prospect of aggressive fiscal tightening in... 4th March 2010 · 1 min read
UK Commercial Property Update Does the property derivatives market know something we don’t? Current commercial property derivatives prices suggest that IPD total returns this year will be markedly lower than either our expectations or the IPF Consensus forecasts. The derivatives market may... 4th March 2010 · 1 min read
