China Chart Pack China shows no signs of flagging (Sep 09) China’s August data provided further evidence that the upswing in activity is still gathering pace. Savers are moving funds to easier-to-access demand accounts, and lending is still growing rapidly... 24th September 2009 · 1 min read
Japan Economics Update Japanese exports continue to recover As usual, the headlines today have focused on the continued weakness of Japanese exports in year-onyear terms. But the more revealing monthly profile shows a sixth successive increase. 24th September 2009 · 1 min read
Europe Economics Update Norges Bank becoming more hawkish With Norway now on the path to recovery, the Norges Bank has begun to prepare the ground for future interest rate hikes. But while the Bank will probably tighten later this year, we do not expect... 23rd September 2009 · 1 min read
Global Markets Update Too soon to give up on the dollar We continue to expect the US dollar to rebound against the euro and commodity currencies in the coming months, although Asian currencies should do best of all. 23rd September 2009 · 1 min read
Asia Economics Update New Zealand's upswing will likely disappoint Today’s data show New Zealand left recession behind in Q2 2009, when GDP climbed in q/q terms for the first time since Q4 2007. Sustained recovery should be expected but the upswing will probably be... 23rd September 2009 · 1 min read
Emerging Europe Economics Update Official rate cuts still not feeding through to real economy 23rd September 2009 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Sep.) & French Household Spending (Aug.) 23rd September 2009 · 1 min read
Capital Daily Why the carry trade doesn’t spell disaster for the dollar 23rd September 2009 · 1 min read
Nordic & Swiss Economics Update Norges Bank becoming more hawkish With Norway now on the path to recovery, the Norges Bank has begun to prepare the ground for future interest rate hikes. But while the Bank will probably tighten later this year, we do not expect... 23rd September 2009 · 1 min read
Europe Commercial Property Update Sweden: retail and industrial rental values are not in the clear yet Retail and industrial rental values in Sweden have held up well relative to the office sector since the onset of recession. This is somewhat surprising given the huge rise in unemployment and collapse... 22nd September 2009 · 1 min read
Global Markets Update Return of the carry trade One explanation for the dollar’s weakness is its increased use as a funding currency. The 3-month interest rate differential between the US and a weighted average of its major trading partners has... 22nd September 2009 · 1 min read
