Global Economics Update Flash PMIs (Feb.) Preliminary PMIs, which were published by Markit earlier today, point to continued strong growth in advanced economies in February and are consistent with our view that global economic growth is set... 21st February 2017 · 1 min read
Capital Daily PMIs suggest near-term outlook for equities remains favourable 21st February 2017 · 1 min read
Emerging Europe Economics Update What do Russia’s revised industrial data tell us? Revisions to Russia’s industrial production data, which show that the manufacturing sector’s performance in 2015-16 was much better than previously thought, mean it now looks like the economy returned... 21st February 2017 · 1 min read
Latin America Chart Pack Weak survey data suggest soft start to 2017 The recent deterioration in survey data across most of Latin America suggests that the region’s economic recovery may have softened at the start of 2017. Following President Trump’s inauguration and a... 21st February 2017 · 1 min read
Europe Economics Update Would a victory for Germany’s SPD reshape Europe? A German government led by the Social Democratic Party could embark on a modest fiscal stimulus at home and show more fiscal leniency to countries such as Greece. But its policies would be unlikely to... 21st February 2017 · 1 min read
Global Economics Update Is QE about to go into reverse? While some policymakers have floated the idea that the Fed should begin to shrink its balance sheet soon, we suspect that it will proceed very slowly. And as other central banks will be adding to... 21st February 2017 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Jan.) Consumer prices in Saudi Arabia fell in year-on-year terms in January as food prices continued to decline at a steep pace and the effects of last year’s subsidy cuts dropped out of the annual... 21st February 2017 · 1 min read
UK Data Response Public Finances (Jan.) Weak public borrowing compared to the consensus forecast in January was due to a change in the way the ONS measures corporation tax receipts. Revisions to previous months actually means that borrowing... 21st February 2017 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Feb.) February’s sharp rise in the euro-zone Composite PMI to its highest point since April 2011 suggests that economic growth is picking up. But the survey’s price indices remain consistent with only weak... 21st February 2017 · 1 min read
Africa Chart Pack Africa: New data spring nasty surprises in Angola & Ghana New official economic data have revealed that the economies of Angola and Ghana are in much worse shape than we had previously believed. The revisions should draw attention to the weak statistical... 21st February 2017 · 1 min read
UK Markets Chart Pack Sterling not shaken by Article 50 vote Sterling has held up well over the past month, despite a significant majority of MPs voting in favour of (and without amendments) the Article 50 bill which gives the Government the power to begin the... 21st February 2017 · 1 min read
Japan Data Response Flash Manufacturing PMI (Feb.) The manufacturing PMI in February was the highest it has been since 2014’s sales tax hike and suggests that activity in the sector continued to expand at a strong pace this quarter. What’s more, the... 21st February 2017 · 1 min read
Capital Daily Will US equities shrug off a renewed rise in Treasury yields? 20th February 2017 · 1 min read
Middle East & North Africa Chart Pack Gulf’s non-oil sectors show signs of recovery The latest activity data suggest that non-oil sectors in the two largest Gulf economies, Saudi Arabia and the UAE, are starting to recover from their slumps in early 2016. Both countries have been... 20th February 2017 · 1 min read
Metals Data Response Global Aluminium Production (Jan.) According to the International Aluminium Institute (IAI), global primary aluminium output rose by 11.4% y/y last month, up from 7.8% y/y in December, led by a 19% y/y surge in China’s production. 20th February 2017 · 1 min read
UK Data Response CBI Industrial Trends Survey (Feb.) February’s CBI Industrial Trends Survey added to the evidence that the manufacturing sector is getting back onto its feet. This should help prevent GDP growth from losing too much momentum in the... 20th February 2017 · 1 min read
