Latin America Economics Update Brazil: promising noises on trade, but structural hurdles persist While Brazil’s government is talking a good game on trade, the reality remains that the economy is among the most closed in the world. This is due in large part to structural problems that previous... 13th February 2017 · 1 min read
India Data Response Consumer Prices (Jan.) Consumer price inflation dropped in January as price discounting continued following demonetisation. But inflationary pressures are set to build over the coming months, and we continue to believe that... 13th February 2017 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jan.) Commercial property investment made a disappointingly weak start to the year. However, we suspect that a lack of opportunity, rather than a lack of demand lies behind the softer data. 13th February 2017 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Prime yields continue to tumble across the sectors Steady economic growth in Western Europe has been positive for rental growth, helping to support yield falls in Q4. However, in Emerging Europe, the picture is more mixed, with the Czech Republic... 13th February 2017 · 1 min read
Europe Commercial Property Chart Pack Yields plumb new lows on strong investor appetite Strong investor demand for euro-zone commercial property assets saw investment volumes hit a record high in the fourth quarter of last year. What’s more, competition for assets saw the all-property... 13th February 2017 · 1 min read
UK Economics Focus Will policy help or hinder? The response from policy makers is one of the main reasons that the UK economy has so far weathered the Brexit vote well. And there are reasons to think that monetary and fiscal policy can continue to... 13th February 2017 · 2 mins read
Industrial Metals Update Uncertain ore supply to support nickel prices Nickel ore supply is likely to fall this year which underpins our forecast of a rise in refined nickel prices. But the scale of any rally will be constrained by high prevailing stocks. 13th February 2017 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Jan.) The rise in Egyptian inflation in January to a 30-year high of 28.1% y/y makes it even more likely that the central bank will raise interest rates at its monetary policy meeting on Thursday. We now... 13th February 2017 · 1 min read
Commodities Weekly Yellen’s testimony unlikely to be a market mover Most commodity prices rose this week despite a sharp appreciation of the US dollar. The latest data on Chinese trade, released today, show that commodity import volumes jumped in January but this... 10th February 2017 · 1 min read
UK Economics Update Brexit Watch: Article 50 is in the Lords’ hands The Government got another step closer to being able to trigger Article 50 before its self-imposed deadline of 31st March. Meanwhile, the latest data suggest that the post referendum drop in the pound... 10th February 2017 · 1 min read
Emerging Markets Trade Monitor Strong start to the year for big EM exporters EM exports appear to have made a good start to the year, with shipments from China, Brazil and Korea all growing strongly in dollar terms in January. The recent improvement in EM exports hasn’t just... 10th February 2017 · 1 min read
US Data Response UoM Consumer Confidence (Feb.) The decline in the University of Michigan measure of consumer confidence in February probably just represents some payback after the surge seen in the aftermath of Donald Trump’s election victory in... 10th February 2017 · 1 min read
Global Economics Update What are the prospects for consumer spending? Household spending has picked up in advanced economies recently, and a combination of strong labour markets, lower debt burdens and loose monetary conditions means the outlook is fairly bright. 10th February 2017 · 1 min read
US Economics Weekly Still waiting for clarity on fiscal policy The flurry of executive orders slowed to a crawl last week, suggesting that President Donald Trump and his administration have realised that there are limits on his ability to govern by diktat. If... 10th February 2017 · 1 min read
Canada Economics Weekly Housing imbalances worsening While the housing investment boom helped support the economy through the oil shock last year, the further deterioration in housing affordability will likely cost the economy in the longer run. The... 10th February 2017 · 1 min read
