Japan Data Response Output, Housing, CPI (Jan.) & Manuf. PMI (Feb.) The latest activity and survey data support our view that Japan’s GDP growth will continue to surprise the markets on the upside in the first half of the year, but the CPI data do nothing to ease... 26th February 2010 · 1 min read
China Economics Update Five key issues to watch at the National People’s Congress 25th February 2010 · 1 min read
Latin America Chart Pack Markets rattled by concerns over the global recovery Although the economic recovery in Latin America is building momentum, financial markets experienced a turbulent month and sold off sharply on concerns about the sustainability of the global recovery... 25th February 2010 · 1 min read
US Employment Report Preview Payroll figures another victim of the winter weather 25th February 2010 · 1 min read
Emerging Europe Chart Pack Q4 GDP data a mixed bag (Feb 10) Q4 GDP data, released over the past month, have painted rather a mixed picture. The good news is that a number of countries, notably Russia and Poland, appear to have grown on a quarterly basis. But... 25th February 2010 · 1 min read
ECB Watch Another small step towards the exit The ECB will announce the next step in its plan to phase out unconventional policy support this month. This might well be to increase the interest rate on its three-month loans to commercial banks... 25th February 2010 · 1 min read
Japan Economics Update Near-term outlook bright, but recession looms next year Speculation about a temporary double-dip in Japan’s economy by the middle of this year is missing a much bigger threat. We still expect growth to surprise the markets on the upside for a few quarters... 25th February 2010 · 1 min read
Europe Commercial Property Update Long road to recovery for Finnish and Portuguese retail rents Retail rental values in Helsinki and Lisbon have fallen by more than the euro-zone average. Helsinki has been hit by a steep drop in Finnish consumer spending, while increased supply has added to... 25th February 2010 · 1 min read
Global Markets Update EM equities – down, but not out It is tempting to ascribe the recent underperformance of emerging market equities to the waning appetite of overseas investors. There may be some truth in this. However, the evidence from mutual fund... 25th February 2010 · 1 min read
BoE Watch MPC leaves door open for more QE The Monetary Policy Committee (MPC) is unlikely to take any action this month. After all, it is still justifying why it did nothing last month! But the Committee has left the door firmly open to a... 25th February 2010 · 1 min read
Asia Chart Pack Well placed to face the challenges ahead (Feb 10) The emerging Asia upswing has picked up speed and inflation has increased. More central banks have indicated that monetary policy needs to be tightened and, over the next month, we expect rates to... 25th February 2010 · 1 min read
UK Data Response UK Bus. Inv. (Q4) & CBI Distributive Trades (Feb.) The argument over whether Labour’s National Insurance rise or the Conservatives’ efficiency savings will cost more jobs detracts from the bigger picture that the required fiscal squeeze will result in... 25th February 2010 · 1 min read
Europe Data Response Euro-zone EC Survey & German Unemployment (Feb.) February’s EC consumer and business survey adds to the recent run of worrying evidence on the euro-zone’s prospects. Our forecast for the economy to expand by 1.5% this year will depend on a renewed... 25th February 2010 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Feb.) January’s euro-zone money supply and lending figures added to evidence that domestic demand remained very subdued at the start of this year. 25th February 2010 · 1 min read
