Japan Data Response Capital Expenditure (Q1) Today’s capital spending figures suggest that business investment was fractionally stronger last quarter than initially reported. However, we expect next week’s revised GDP figures to confirm the... 1st June 2017 · 1 min read
Asia Economics Update Asian equities continue strong run Asian equity markets have outperformed other EM markets over the past month, with bourses in Korea, India, Pakistan and Indonesia all reaching record highs in May. We are revising our equity forecasts... 31st May 2017 · 1 min read
China Economics Update Renminbi jumps as fixing mechanism changes China’s markets were left unfazed by the ratings downgrade last week. But there have been some sizeable gains since then in the renminbi as policymakers have signalled their determination to prevent... 31st May 2017 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (May) The latest fiscal data revealed mixed performances by the euro-zone’s peripheral economies, with the largest countries faring best. There was also good news for Portugal, which is no longer deemed to... 31st May 2017 · 1 min read
Middle East & North Africa Economics Update MENA equity markets continue to underperform Stock markets across the Middle East and North Africa have struggled over the past month, continuing their relative underperformance since the start of the year. This largely reflects weakness in Gulf... 31st May 2017 · 1 min read
Emerging Markets Activity Monitor EMs set for soft landing Our GDP Tracker suggests that EM growth was broadly unchanged in March, but our “Early Reporters” Tracker provides the first sign that growth may have started to slow in April. We’ll monitor... 31st May 2017 · 1 min read
Nordic & Swiss Economics Update Currencies rise against dollar while bond yields decline The Nordic and Swiss currencies all appreciated against the US dollar in May, but performances against the euro were mixed. Following global trends, government bond yields generally declined. While... 31st May 2017 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Apr.) April’s euro-zone money and credit data point to steady economic growth. But they remain consistent with core inflation below the ECB’s near-2% target. 31st May 2017 · 1 min read
Canada Data Response GDP (Q1 2017) The strong 3.7% annualised growth in the first quarter was a good start to the year, but with exports still struggling and more recent data pointing to a potential downturn in housing, the pace of GDP... 31st May 2017 · 1 min read
India Data Response GDP (Q1) The slowdown in growth in the Q1 GDP data for India released today doesn’t quite tally with other evidence which has tended to suggest that growth stabilised or picked up last quarter. It is... 31st May 2017 · 1 min read
Energy Update Rising supply and weak demand to weigh on coal prices Coal prices have been supported recently by strong global economic growth. However, a slowing Chinese economy, rising supply and intense competition from cheap natural gas and renewable power mean... 31st May 2017 · 1 min read
Africa Economics Update Africa: Rand driven by politics, most markets strengthen South Africa’s ongoing political drama caused the rand to wobble this month, but the currency soon stabilised. Equities across the region performed well, with Nigerian stocks leading the charge. 31st May 2017 · 1 min read
UK Economics Update Household Borrowing Monitor (Apr.) April’s household borrowing figures provide another reason to think that consumer spending may have picked up pace in Q2, after a disappointing performance in Q1. But they will probably add to... 31st May 2017 · 1 min read
Europe Data Response Euro-zone Flash CPI (May) & Unemployment (Apr.) May’s decline in euro-zone inflation to a five-month low does not change our view that the ECB will alter its forward guidance next week. 31st May 2017 · 1 min read
UK Housing Market Data Response Mortgage Lending (Apr.) Mortgage lending fell for a third consecutive month in April. But with Q1’s sluggish GDP growth unlikely to be repeated, unemployment very low, and mortgage rates looking attractive, we expect... 31st May 2017 · 1 min read
