Energy Watch What would longer OPEC production cuts mean for oil prices? OPEC will almost certainly extend its production cuts by another nine months at its meeting next week. This Energy Watch looks at the impact that longer cuts in production would have on the oil market... 18th May 2017 · 1 min read
Industrial Metals Update China Industrial Metals Demand Monitor (Apr.) China’s activity and investment data for April showed clear signs of a slowdown. Given steadily tightening monetary conditions and less fiscal stimulus, we expect activity to slow further which will... 18th May 2017 · 1 min read
Latin America Economics Update Brazil: corruption allegations deal fresh blow to reform agenda Allegations that Brazilian president Michel Temer endorsed bribes to buy the silence of former house speaker, Eduardo Cunha, has dealt a fresh blow to the government’s reform agenda. The real and bond... 18th May 2017 · 1 min read
Asia Economics Update Bank Indonesia to leave rates unchanged this year With inflationary pressures rising, Bank Indonesia’s (BI) decision to leave interest rates on hold today came as no surprise. The central bank’s accompanying statement struck a fairly cautious tone... 18th May 2017 · 1 min read
UK Data Response Retail Sales (Apr.) April’s retail sales figures will help to allay concerns that real consumer spending growth is slowing sharply in the face of higher inflation and provide another reason to be optimistic that GDP... 18th May 2017 · 1 min read
Europe Economics Focus Will the euro-zone’s revival be sustained? While the recent pick-up in euro-zone growth has owed much to temporary factors, the economy now seems to be gaining its own momentum and we expect it to outperform consensus forecasts this year and... 18th May 2017 · 1 min read
UK Markets Chart Pack FTSE 100 hits record high without support from sterling The FTSE 100 hit an all-time high of close to 7,500, despite sterling holding onto its gains made following the announcement of a snap General Election. This contrasts with the initial post referendum... 18th May 2017 · 1 min read
Asia Data Response Philippines GDP (Q1) The Philippines recorded another quarter of solid growth in Q1 and should continue to grow reasonably strongly over the near term, supported by a decent recovery in exports and healthy domestic demand... 18th May 2017 · 1 min read
Australia & New Zealand Data Response Australia Labour Market (Apr.) The labour market is not weak enough to prompt the RBA to cut interest rates again, but nor is it strong enough to trigger a large enough rise in wages and spending that would prompt the RBA to raise... 18th May 2017 · 1 min read
Japan Data Response GDP (Q1 Preliminary) Japan’s economy is on its longest streak of expansion in more than a decade. However, growth in labour income has weakened sharply and we expect a slowdown in GDP growth in the second half of the year... 18th May 2017 · 1 min read
US Chart Pack Incoming data make the Fed’s job more difficult The latest decline in the core CPI inflation rate to 1.9% in April, at the same time as the unemployment rate dropped to a decade low of 4.4%, presents a dilemma for the Fed. The price stability part... 17th May 2017 · 1 min read
UK Commercial Property Update Crane Survey shows development edging down Deloitte’s London Crane Survey, released today, highlighted that the size of the active pipeline fell slightly over the last six months. And while new developments continue to break ground, the... 17th May 2017 · 1 min read
Emerging Europe Economics Update Dovish Polish MPC suggests rate hikes unlikely in 2017 The statement that followed today’s MPC meeting in Poland was broadly unchanged from previous months and suggests that any change in interest rates is unlikely in the coming months. But with core... 17th May 2017 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude oil stocks fell for the sixth consecutive week as demand from refineries picked up. Inventories of gasoline and diesel also fell, despite demand remaining weak. 17th May 2017 · 1 min read
US Housing Market Update Why is confidence in the housing market relatively subdued? Survey evidence which points to relatively subdued levels of confidence in the housing market is not a sign that households are unduly worried about the prospect of rising interest rates. Rather, it... 17th May 2017 · 1 min read
