Canada Economics Weekly Corporate profits still point to sluggish economy The latest corporate profit figures show that, despite the energy-related rebound in the third-quarter, the economy isn’t out of the woods yet. While higher oil prices in the short term will help the... 25th November 2016 · 1 min read
UK Economics Update Brexit Watch: Fiscal watchdog joins debate on Brexit impact This week brought the Office for Budget Responsibility’s (OBR) first assessment of the effect of the Brexit vote on the economy and the public finances. This was more upbeat than had been anticipated... 25th November 2016 · 1 min read
Commodities Weekly Oil market in wait-and-see mode The prices of industrial metals surged again this week, in large part due to investor buying. In contrast, the price of gold fell further as the dollar appreciated and the minutes of the November FOMC... 25th November 2016 · 1 min read
UK Economics Update Chancellor “just about manages” to help consumers The net giveaway to consumers in the Autumn Statement was small compared to previouslyannounced takeaways. Accordingly, fiscal policy should still weigh on households’ spending power over the next few... 25th November 2016 · 1 min read
UK Economics Weekly Is the OBR too gloomy about Brexit? The Office for Budget Responsibility’s economic forecasts garnered more attention than usual after last week’s Autumn Statement, and have been criticised by some for being too gloomy on Brexit. On the... 25th November 2016 · 1 min read
US Economics Weekly Could repealing Dodd-Frank boost the wider economy? With the Republicans maintaining control of both Houses of Congress, Donald Trump’s election victory has raised the prospect that the post-crisis Dodd-Frank Act, which overhauled the financial sector... 25th November 2016 · 1 min read
Global Trade Monitor Trade in the doldrums even before Trump victory The latest data show that global trade was more or less stagnant during the past few months. Looking ahead, President Trump is likely to take a tough line on trade negotiations and may well adopt... 25th November 2016 · 1 min read
UK Data Response CBI Distributive Trades Survey (Nov.) November’s CBI Distributive Trades Survey suggests that consumer spending has held up well in Q4. However, we still expect a slowdown in the coming quarters. 25th November 2016 · 1 min read
Industrial Metals Update Weakness in China’s metals imports could prove temporary China’s metals imports remained subdued in October as higher dollar prices and some further depreciation of the renminbi weighed on volumes. 25th November 2016 · 1 min read
UK Data Response GDP: Second Estimate & Expenditure Breakdown (Q3) The second estimate of Q3 GDP left the quarterly rise unrevised at 0.5% and suggested that firms and households have been undeterred by the Brexit vote. Meanwhile, business surveys suggest that the... 25th November 2016 · 1 min read
Asia Economics Weekly Strong domestic demand helping to offset weak exports Regional GDP growth held steady at just under 4% last quarter, with buoyant domestic demand again helping to offset weak exports. With subdued global growth set to continue holding back exports, the... 25th November 2016 · 1 min read
UK Commercial Property Update Could retail warehouse rents provide a positive surprise? The fact that real rental values are 22% below their previous peak and housing transactions are set to strengthen, suggest that retail warehouse rental values have substantial scope to rise. However... 25th November 2016 · 1 min read
Japan Economics Weekly BoJ set to taper its JGB purchases A further rise in global government bond yields may put the Bank of Japan’s yield target under pressure but we nonetheless believe the Bank will be able to reduce its asset purchases next year while... 25th November 2016 · 1 min read
Australia & New Zealand Economics Weekly Is a major slowdown happening right under our noses? It’s now possible that the Australian economy didn’t grow at all in the third quarter. It may even have contracted. That would be hard to ignore, especially when jobs growth has slumped to a two-year... 25th November 2016 · 1 min read
Japan Data Response Consumer Prices (Oct.) While underlying inflation edged up in October, past falls in import prices may still push underlying inflation towards zero by year-end. But with the yen now weakening again and spare capacity... 25th November 2016 · 1 min read
