UK Commercial Property Focus Which sectors offer the best return prospects? High rents and valuations mean that the prospects for total returns in London and South East offices look pretty weak. By contrast, high income returns and brighter rental stories should underpin a... 30th November 2017 · 1 min read
Europe Data Response Spain GDP (Q3, breakdown) The first breakdown of Spanish GDP in Q3 showed that domestic demand growth picked up ahead of Catalonia’s independence referendum. While the Economic Sentiment Indicator painted a positive picture of... 30th November 2017 · 1 min read
Nordic & Swiss Data Response Swiss & Danish GDP (Q3), Swiss KOF (Nov.) After a weak first half of 2017, Switzerland’s economic recovery strengthened in Q3. And the latest leading indicators provide hope that GDP growth will accelerate further in the coming quarters. 30th November 2017 · 1 min read
Australia & New Zealand Data Response Australia Private Capital Expenditure Survey (Q3) The third quarter private capital expenditure survey was better than expected, with the larger than normal upward revision to firms’ investment plans supporting our view that the outlook for business... 30th November 2017 · 1 min read
Australia & New Zealand Chart Pack Australia losing its interest rate premium The narrowing in Australia’s interest rate premium highlighted by the rise in two-year government bond yields in the US in line with two-year yields in Australia for the first time in almost 20 years... 29th November 2017 · 1 min read
Asia Economics Update Asian currencies make further gains against the dollar Strong growth figures, a shift in interest rate expectations and general dollar weakness have propelled Asian currencies higher against the US dollar so far this month. 29th November 2017 · 1 min read
Latin America Economics Update Chile’s equities collapse, but other assets resilient The collapse in Chile’s equity market following a smaller-than-expected victory for business-friendly candidate Sebastián Piñera in the first round of this month’s presidential election has not been... 29th November 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A large fall in crude stocks will have cheered OPEC before its meeting tomorrow. However, the reduction in inventories was largely due to temporary disruption to imports. What’s more, rising oil... 29th November 2017 · 1 min read
Bank of Canada Watch Bank already starting to regret rate hikes The Bank of Canada will leave interest rates at 1.00% at its policy rate meeting next week and, by putting emphasis on the uncertainties clouding the outlook, will signal that it isn’t contemplating... 29th November 2017 · 1 min read
Middle East & North Africa Economics Update Qatar faces slow recovery from blockade hit The worst of the hit to Qatar’s economy from its diplomatic crisis with neighbouring countries has now passed but the early signs suggest the recovery will be slow and uneven. Indeed, certain sectors... 29th November 2017 · 1 min read
Europe Economics Update What would a “hard border” mean for Ireland? A so-called “hard border” between Ireland and the UK could hit the Irish economy pretty hard. But it would also present some opportunities, for example from UK financial firms relocating to Dublin. 29th November 2017 · 1 min read
Latin America Economics Update Elections to shape challenges facing Diaz de León Alejandro Diaz de León, who has been named as the next Governor of the Central Bank of Mexico, is very much a continuity appointment that is unlikely to have a major impact on either financial markets... 29th November 2017 · 1 min read
Capital Daily What does the future hold for sterling, Gilts and the FTSE 100? 29th November 2017 · 1 min read
Emerging Markets Activity Monitor EM GDP growth ends Q3 on a high Our GDP Tracker suggests that aggregate EM growth picked up to its fastest pace in just over five years in September. However, more timely data from early reporting countries suggests that growth has... 29th November 2017 · 1 min read
Africa Chart Pack Bad news in Nigeria and South Africa November was a pretty bad month for both Nigeria and South Africa, Sub-Saharan Africa’s two largest economies. Economic growth in Nigeria remained very weak in Q3, and entirely dependent on the recent... 29th November 2017 · 1 min read
US Economics Update Monetary Indicators Monitor (Oct.) The monetary aggregates reveal a divergence, with M2 growth slowing to a six-year low of 5.0% in October, while growth in our M3 measure accelerated to a two-and-a-half-year high of 6.1%. As short... 29th November 2017 · 1 min read
