Commodities Weekly The weaker dollar bolsters commodities This week started on a positive note for industrial commodities with strong June activity and investment data out of China. A weaker US dollar was also supporting commodity prices, more generally... 21st July 2017 · 1 min read
Latin America Economics Update Argentine peso has further to fall The Argentine peso has been the worst-performing EM currency over the past month, and we think it has further to fall. Our forecast is for it to weaken by another 10% against the dollar to 19/$ by end... 21st July 2017 · 1 min read
Canada Data Response Consumer Prices (Jun.) Although the headline inflation rate fell to 1.0% in June, from 1.3%, the uptick in two of the three core inflation measures suggests that some of the temporary factors restraining inflation are now... 21st July 2017 · 1 min read
US Economics Weekly Weakness in core inflation will persist until next year The Fed is unlikely to make any major policy changes at next week’s FOMC meeting, but the statement will probably concede that the recent drop back in inflation has been more broad-based than Chair... 21st July 2017 · 1 min read
UK Economics Weekly Inflation’s dip should keep the MPC hawks at bay The markets are probably right to conclude that June’s drop in inflation, from 2.9% to 2.6%, has reduced the likelihood of an imminent rate rise. Admittedly, the dip in inflation needn’t rule out a... 21st July 2017 · 1 min read
Europe Economics Weekly Strong investment to bolster economic growth At this week’s ECB press conference, President Mario Draghi highlighted the continued improvement in the euro-zone’s economic performance. He reiterated that the region looks set for a period of solid... 21st July 2017 · 1 min read
China Economics Update Capital Flows Monitor (Jun.) Net capital outflows from China were broadly unchanged in June as greater inflows from foreign investors helped to offset increased outflows due to Chinese investment overseas, including in Belt &... 21st July 2017 · 1 min read
UK Housing Market Update Can the East Midlands continue to outperform? House price growth in the East Midlands is near the top of the pack regionally, but that largely reflects the slowdown seen elsewhere in the country. And with the labour market and buyer demand in the... 21st July 2017 · 1 min read
EM Markets Chart Pack Will EM equities’ rapid ascent continue? We expect EM equities to rise this year and next, but not at anything like the pace that they have done so far in 2017. The MSCI Emerging Markets (EM) Index has returned around 20% so far this year... 21st July 2017 · 1 min read
Nordic & Swiss Economic Outlook Sweden to lead the way with monetary tightening Economic prospects are fairly bright in the Nordic and Swiss countries. Switzerland is benefitting from faster growth in the euro-zone, Swedish firms are optimistic about their prospects, and Norway... 21st July 2017 · 1 min read
Europe Commercial Property Update Secondary Copenhagen offices offer improving return prospects Improving occupier demand and falling vacancy rates in Copenhagen bode well for office rents. This means that investors can feel more confident in taking advantage of higher yields on secondary stock... 21st July 2017 · 1 min read
UK Data Response Public Finances (Jun.) June’s figures suggest that the public sector finances have started to deteriorate a little. This could limit the scope for an easing in austerity and mean that fiscal policy will still provide a... 21st July 2017 · 1 min read
Asia Economics Weekly Taiwan infrastructure projects to boost growth The Taiwan government’s Infrastructure Development Programme should not only provide a boost to near-term growth at a time when the economy is slowing, but should also improve prospects over the... 21st July 2017 · 1 min read
UK Commercial Property Chart Pack Office leasing picks up The fact that activity levels in both the leasing and investment markets has improved was encouraging. Both of these observations chime well with our view that the current, low but positive rates of... 21st July 2017 · 1 min read
Middle East & North Africa Chart Pack Worst fears over Qatar crisis fade Diplomatic efforts have failed to bring an end to the stand-off between Qatar and the so-called Anti-Terror Quartet (Saudi Arabia, UAE, Egypt and Bahrain). Encouragingly, though, there are signs that... 21st July 2017 · 1 min read
