India Economics Update Cash will remain king for a long time yet Cashless transactions in India have risen sharply over the past few years, and recent developments should further support the expansion of digital payments. But while there is a clear willingness from... 19th June 2019 · 1 min read
UK Commercial Property Update Will regional office rental growth still pick up? Although weakness in occupier conditions in the West Midlands looks likely to weigh on Rest of UK office rental value growth in the near term, an improvement in the South West and less of a drag from... 19th June 2019 · 1 min read
UK Data Response Consumer & Producer Prices (May 2019) CPI inflation is likely to bob about the 2% mark for the next couple of months, but there are still reasons to think that it will drift up again towards the end of the year. 19th June 2019 · 1 min read
Middle East & North Africa Economics Update Lebanon’s electricity reform: necessary but insufficient Reform of Lebanon’s state-owned electricity company, EdL, lies at the heart of the government’s efforts to tackle the dire public finances. But while this is needed, the approved measures are unlikely... 19th June 2019 · 1 min read
Africa Data Response South Africa CPI (Jun.) Inflation remained at the 4.5% mid-point of central bank’s target range in May, providing the space for policymakers to support the economy by cutting their key interest rate next month. 19th June 2019 · 1 min read
Middle East & North Africa Data Response Saudi Consumer Prices (May) Easing Saudi deflation in May suggests that the recent pick-up in growth in the non-oil sector is feeding through into price pressures. In addition, a fresh round of subsidy cuts is looking... 19th June 2019 · 1 min read
Japan Data Response External Trade (May) The wider trade deficit in May was a result of a sharp fall in exports and a slight fall in imports. Although export volumes are unlikely to be as weak as they were in the last quarter, a likely... 19th June 2019 · 1 min read
Capital Daily Waning appetite for risk likely to weigh on the euro in 2019 18th June 2019 · 1 min read
Canada Economics Update Home equity loans to have limited impact The full details of the new first-time buyer (FTB) equity loan scheme do not change our view that it will have little effect on the housing market. While the recent drop in mortgage rates will help to... 18th June 2019 · 1 min read
US Housing Market Data Response Housing Starts (May) The decline in housing starts in May was driven by the single-family sector, which recorded a 6.4% m/m decline. But single-family building permits rose for the first time since November last year. A... 18th June 2019 · 1 min read
Canada Data Response Manufacturing Sales (Apr.) Temporary plant shutdowns in the automotive sector explain why manufacturing sales fell in April, but the further drop in the Markit manufacturing PMI in May suggests that underlying demand remains... 18th June 2019 · 1 min read
Europe Economics Update Next Greek government to inherit plenty of challenges The next Greek government, to be formed after a general election which is less than three weeks away, will inherit an economy that looks set to grow at a moderate pace in the near term. But it will... 18th June 2019 · 1 min read
Emerging Markets Economics Update What happens after IMF deals? With EMs such as Argentina, Ukraine and Ecuador having recently agreed IMF deals, and others (Turkey) still looking vulnerable to a crisis, this Update looks at what happens to countries after... 18th June 2019 · 1 min read
Emerging Europe Economics Update Should we worry about fiscal policy in CEE? Fiscal stimulus packages recently announced in Central and Eastern Europe won’t trouble public debt positions, but are coming at a late stage of economic cycles. As a result, they will cause macro... 18th June 2019 · 1 min read
Europe Economics Update Draghi spells out ECB’s dovish intentions Mr Draghi’s speech at the ECB’s conference this morning is the clearest indication yet that the Bank will cut interest rates and relaunch its asset purchase programme in the coming months if, as we... 18th June 2019 · 1 min read
Europe Data Response Euro-zone Trade (Apr.) Following March’s sharp fall, the euro-zone’s nominal goods trade surplus narrowed further in April. Given the softening of the export orders indices since the start of the year, we think that net... 18th June 2019 · 1 min read
