Africa Data Response Nigeria Consumer Prices (Mar.) Inflation in Nigeria slowed sharply last month, and we think that it will continue to ease over the coming months. This will prompt policymakers to cut their key rate from 14.00% to 12.00% by year end... 12th April 2018 · 1 min read
Latin America Economics Update A disappointing Q1, but things should get better The raft of activity data released across Latin America in recent weeks suggests that the region’s economic recovery stalled in Q1. However, there are reasons to expect it to resume over the remainder... 11th April 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil jumped last week as net imports rebounded and production rose again. The recent increase in prices is likely to encourage even more US production, which should weigh on prices... 11th April 2018 · 1 min read
Emerging Europe Economics Update Polish MPC increasingly dovish, rate hikes unlikely this year Governor Glapinski’s extremely dovish post-meeting press conference, coupled with the recent weak inflation data, has prompted us to take out the interest rate hikes from our forecast for this year... 11th April 2018 · 1 min read
Commodities Update Geopolitical tensions boost prices Commodity prices rebounded at the start of April on the back of concerns over US sanctions on Russia and escalating tensions in the Middle East, despite the dollar being flat. Indeed, only the... 11th April 2018 · 1 min read
US Data Response Consumer Prices (Mar.) The rebound in core CPI inflation to a 13-month high of 2.1% in March, from 1.8%, was partly driven by base effects. But the recent strengthening of monthly price pressures suggests that core... 11th April 2018 · 1 min read
Latin America Data Response Mexico Industrial Production (Feb.) Mexican industrial production returned to growth in February, and the data showed that the sector is continuing to benefit from a jump in construction and utilities output in the aftermath of... 11th April 2018 · 1 min read
UK Commercial Property Data Response Commercial property investment (Mar.) Investment activity in UK commercial property fell in March, for the fourth consecutive month. The broader picture is that the value and number of deals has dropped in the first quarter, as investors... 11th April 2018 · 1 min read
Emerging Europe Economics Update Lira slump likely to trigger rate hikes Mounting concerns about Turkey’s current account deficit as well as debt problems in the corporate sector are likely to keep the lira under pressure over the coming weeks. As a result, we now expect... 11th April 2018 · 1 min read
UK Data Response Industrial Production, Construction & Trade (Feb.) February’s activity data added to the evidence that the economy lost a little pace in Q1. But we don’t think that this will prevent the Monetary Policy Committee from raising interest rates again in... 11th April 2018 · 1 min read
India Economics Update India unlikely to be labelled “currency manipulator” India has not been spared the recent ramping up of trade-related attacks by the US, with the most notable action so far being the challenge to India’s use of export subsidies at the WTO. However... 11th April 2018 · 1 min read
Australia & New Zealand Data Response Australia Consumer Confidence (Apr.) Households remained fairly optimistic in April, despite the escalation in trade tensions between the US and China, with the Westpac measure of consumer confidence remaining above average for the fifth... 11th April 2018 · 1 min read
Global Economics Update Has Xi done enough to placate Trump? In an attempt to de-escalate trade tensions, Xi has pledged to speed up efforts to reduce trade and investment barriers, boost competition and bolster intellectual property protections. This could... 10th April 2018 · 1 min read
Metals Watch How could rising protectionism affect metals markets? Trade protectionism has escalated dramatically since the start of the year and threatens to turn into a full-blown trade war. In this Metals Watch, we look at the most recent developments on trade and... 10th April 2018 · 1 min read
US Housing Market Chart Pack Single-family starts stall despite tight market conditions Mortgage interest rates have risen to seven-year highs, which has pushed refinancing activity down to 10-year lows. Demand for home purchase mortgages is faring better, but even so buyers are still... 10th April 2018 · 1 min read
