Emerging Europe Economics Update Russia: limited market fallout from Otkritie turmoil The uncertainty about how troubles at Otkritie might play out initially pushed up interbank interest rates in Russia, but the Central Bank (CBR) quickly snuffed out the rise using its open market... 30th August 2017 · 1 min read
Metals Watch Tightness in tin to persist Electronics and the electrical sector used to account for around half of total tin usage. But tin is finding new sources of demand in the green economy and in the transport and chemical sectors. In... 30th August 2017 · 1 min read
Global Central Bank Watch Fed to begin reversing QE and ECB to set out taper plans The US Fed is still on track to start shrinking its balance sheet in the coming month or two, and we think it will raise rates again in December. Meanwhile, the ECB will probably announce in October... 30th August 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A sharp drop in imports and jump in demand from refineries helped to drain stocks last week. But the market’s focus remains on the impact of Hurricane Harvey. 30th August 2017 · 1 min read
Middle East & North Africa Economics Update Intrigue in the House of Saud Changes at the top of the royal family have paved the way for King Salman’s son, Mohammed bin Salman, to accede to the throne, with some suggesting that an abdication and succession could take place... 30th August 2017 · 1 min read
Bank of Canada Watch Don’t rule out an interest rate hike next week The incoming economic data have been generally strong and will encourage the Bank of Canada to raise interest rates further to 1.00%, from 0.75%, before the end of this year. We wouldn’t rule out a... 30th August 2017 · 1 min read
Africa Economics Update African markets continue to pick up August was another strong month for African markets as key equity indices gained. Fears that politics would knock markets off course proved ill-founded. 30th August 2017 · 1 min read
Emerging Markets Activity Monitor EM growth stable in June Our GDP Tracker suggests that EM growth was stable in June, adding to recent evidence that growth has peaked in this cycle. 30th August 2017 · 1 min read
Europe Data Response German & Spanish Flash CPI (Aug.) August’s increases in German and Spanish HICP inflation point to an increase in eurozone inflation to about 1.5%. But the relatively subdued rates of core inflation in both economies support the ECB’s... 30th August 2017 · 1 min read
UK Economics Update Household Borrowing Monitor (Jul.) July’s household borrowing figures should help to assuage fears that the housing market slowdown is worsening, while cooling consumer credit growth will be welcome news for the Bank of England’s... 30th August 2017 · 1 min read
Japan Economics Update Further yen weakness and Nikkei upside limited Having appreciated against the dollar over recent weeks, the yen initially strengthened further when news of the North Korean missile launch broke yesterday. Despite this, we continue to expect the... 30th August 2017 · 1 min read
Europe Data Response EC Business & Consumer Survey (Aug.) The rise in the EC’s measure of euro-zone economic sentiment in August left the index pointing to stronger GDP growth ahead and will do little to take the pressure off the euro exchange rate. But with... 30th August 2017 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Jul.) Net lending to commercial property by banks and building societies fell by over £1bn in July, following June’s fall of £240mn. While this might reflect a more cautious approach by financial... 30th August 2017 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Aug.) This month’s Economic Sentiment Indicators for Central and Eastern Europe suggest that regional growth has remained robust in Q3, at around 4.5% y/y, but also that growth is now peaking. 30th August 2017 · 1 min read
UK Housing Market Data Response Mortgage Lending (Jul.) July’s jump in the number of mortgages approved for house purchase reversed nearly all of the falls seen in the first half of the year. As such, they lend weight to the signs, evident in last week’s... 30th August 2017 · 1 min read
