DM Valuations Monitor Will rising US bond yields ride to the dollar’s rescue? For most of this year, the dollar’s value against other “majors” has tracked the gap between 10-year government bond yields in the US and the countries where these other currencies are issued. However... 29th November 2017 · 1 min read
Europe Data Response German & Spanish Flash CPI (Nov.) November’s German and Spanish consumer prices data support expectations that euro-zone inflation reversed last month’s decline as energy inflation rose. But underlying price pressures are still... 29th November 2017 · 1 min read
Latin America Chart Pack Easing cycles still have a bit further to run Monetary policy easing cycles across Latin America are getting close to an end, but the evidence of the past month suggests that central banks think they still have a bit more work to do. Policymakers... 29th November 2017 · 1 min read
UK Economics Update Household Borrowing Monitor (Oct.) October’s household borrowing figures showed that slowing housing demand has continued to weigh on mortgage approvals. But there were few signs that consumers’ appetite for unsecured loans is fading. 29th November 2017 · 1 min read
Europe Commercial Property Update Structural changes take a toll on German retail sector Prime German retail rents are coming under pressure from softer occupier demand and online competition, despite the strong consumer sector. We now expect rents to stagnate over the next couple of... 29th November 2017 · 1 min read
Europe Data Response EC Business & Consumer Survey (Nov.) November’s EC Business and Consumer Survey suggests that the euro-zone’s economic upturn has gained more pace, but inflation expectations are rising only slowly. This supports the ECB’s very gradual... 29th November 2017 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Oct.) Net lending to the economy as a whole, as well as commercial property, contracted in October. The fall in net property lending was driven by both standing investments and development projects. 29th November 2017 · 1 min read
UK Housing Market Data Response Mortgage Lending (Oct.) Lending for house purchase fell for a third consecutive month in October. But remortgaging surged, as owners rushed to refinance ahead of November’s interest rate hike. 29th November 2017 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Nov.) November’s Economic Sentiment Indicators suggest that the pace of economic growth has remained strong in the major economies of Central and Eastern Europe in Q4. The surveys are consistent with growth... 29th November 2017 · 1 min read
Nordic & Swiss Data Response Sweden Econ. Tendency Survey (Nov.) & GDP (Q3.) Despite a slowdown in consumer spending growth in Q3, Swedish GDP growth remained strong due to a sharp pick-up in investment. Meanwhile, November’s rise in the Economic Tendency Indicator suggests... 29th November 2017 · 1 min read
Emerging Markets Economics Update Debunking three myths about EM credit The risks around EM credit expansion are, in our view, commonly misunderstood. In particular, threemyths appear to have developed in commentary around the subject. 28th November 2017 · 1 min read
US Data Response Conference Board Consumer Confidence (Nov.) The rise in the Conference Board consumer confidence index to a new 17-year high provides further reason to think that real consumption growth is set to accelerate. 28th November 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Sep.) The strong monthly rise in house prices reported by Case-Shiller for September is not a sign that house price growth is accelerating. Indeed, weakening buyer sentiment and house price expectations... 28th November 2017 · 1 min read
Industrial Metals Update Sentiment towards metals diverges Sentiment towards metals has diverged since the start of 2017. While investors have remained firmly bullish on precious metals, they have turned more bearish on industrial metals even as prices have... 28th November 2017 · 1 min read
UK Housing Market Update Have London office to residential conversions peaked? Over the last two years, London has seen a sharp rise in the number of new homes delivered through the conversion of offices to homes. But the sweet spot for such developments seems to have passed... 28th November 2017 · 1 min read
