Global Markets Update Pull-back in EM equities and currencies unlikely to last We do not think that the recent dip in emerging market (EM) currencies and equities signals the start of a larger downturn in their fortunes. 29th September 2017 · 1 min read
Canada Economics Weekly Aerospace dispute raises spectre of trade war The US Commerce Department’s preliminary decision to slap prohibitive countervailing duties on Canadian aerospace firm Bombardier threatens to cause a major trade spat between Canada and the US... 29th September 2017 · 1 min read
UK Economics Update “Sufficient progress” still not made While Theresa May’s speech in Florence appears to have had a positive effect on the Brexit negotiations, it still looks unlikely that “sufficient progress” on the withdrawal agreement will be made by... 29th September 2017 · 1 min read
Capital Daily Monetary policy outlook shouldn’t weigh too heavily on the euro 29th September 2017 · 1 min read
Precious Metals Update Platinum-to-palladium spread turns negative, for now Palladium was in the spotlight yesterday as its price traded at a premium to platinum for the first time in sixteen years. However, unlike platinum, investors’ net-long position in palladium looks... 29th September 2017 · 1 min read
UK Economics Weekly Can corporates stomach higher interest rates? Private non-financial companies are unlikely to have any difficulty coping with increases in interest costs ahead. First, the scale of the increase in Bank Rate is set to be fairly trivial by past... 29th September 2017 · 1 min read
US Housing Market Update Are concerns about labour shortages justified? The slowdown in construction employment and earnings growth looks, at first glance, to be inconsistent with builders’ growing complaints about labour shortages. But with job openings rising, and house... 29th September 2017 · 1 min read
Europe Commercial Property Update Improving outlook for secondary assets in Netherlands The surprisingly strong economic recovery in the Netherlands is giving investors the confidence to move up the risk curve, following a long period in which prime property was the only ticket in town. 29th September 2017 · 1 min read
Canada Data Response GDP by Industry (Jul.) Real GDP was unchanged in July, suggesting that the economy lost momentum at the beginning of the third quarter. That said, given the strong ending to the second quarter, we aren’t concerned by one... 29th September 2017 · 1 min read
Asia Economics Update Asian equities and currencies come off the boil Asian equities and currencies have generally fallen over the past month. Although worries about the Fed have played a role, local factors have been important too. 29th September 2017 · 1 min read
US Economics Weekly Yellen slightly more hawkish on inflation In her speech earlier this week, Chair Janet Yellen stressed that, despite the weakness of core inflation this year, the Fed still intends to push ahead with further interest rate hikes, with most... 29th September 2017 · 1 min read
China Economics Update Renminbi gives back some of its gains Many had been expecting policymakers to focus on stability above all else in financial markets in the run-up to the October Party Congress. But they this week allowed the renminbi to weaken sharply... 29th September 2017 · 1 min read
Europe Economics Weekly Would Macron’s plan for fiscal union work? Among the wide range of proposals for the EU put forward by French President Emmanuel Macron this week was the introduction of a euro-zone finance minister and a euro-zone budget. In principle, we... 29th September 2017 · 1 min read
Asia Economics Weekly Inflation to remain subdued, interest rates to stay low Whereas the consensus is expecting monetary policy in Emerging Asia to be tightened next year, we think central banks will be in little hurry to raise interest rates. One of the main reasons is the... 29th September 2017 · 1 min read
UK Economics Update Household Borrowing Monitor (Aug.) August’s household borrowing figures provide another reason to think that consumer spending growth won’t slow too sharply ahead. But the figures will do little to assuage concerns about household debt... 29th September 2017 · 1 min read
Energy Watch Is the surge in oil prices sustainable? The last three months have seen a turnaround in the oil market as investor sentiment turned positive and prices jumped. This Energy Watch will briefly take stock of what has been driving prices up... 29th September 2017 · 1 min read
