Asia Data Response Singapore GDP (Q3 Revised) Today’s revised estimate of Singapore’s Q3 GDP confirmed that the economy contracted last quarter. Looking ahead, the prospect of higher local interest rates and subdued global demand suggest a strong... 24th November 2016 · 1 min read
US Housing Market Data Response New Home Sales (Oct.) New home sales fell in October, as low levels of inventory continued to bite. And while a rise in housing starts could help, any boost to home sales will take time to manifest itself. 23rd November 2016 · 1 min read
UK Economics Focus Autumn Statement 2016: Creating room for manoeuvre The recent robustness of the economy prompted the Chancellor to make only a modest adjustment to the stance of fiscal policy in his first Autumn Statement. But his new fiscal rules provide room for... 23rd November 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A slump in net imports of crude oil and another jump in demand from refineries helped to drag down crude inventories last week. 23rd November 2016 · 1 min read
Emerging Markets Economics Update Trump and the fallout for EMs in five key points We’ve written lots over the past two weeks about Donald Trump’s victory and the implications for EMs. While much remains uncertain, in this Update we draw out five early takeaways. 23rd November 2016 · 1 min read
Capital Daily Further rise in US bond yields unlikely to blow equities off course 23rd November 2016 · 1 min read
Emerging Europe Economic Outlook Stuck in the slow lane Having slowed in Q3, we expect growth in Emerging Europe to recover over the course of the next year as Russia continues to pull out of recession and investment in the Central European economies... 23rd November 2016 · 1 min read
Global Economics Update Flash PMIs (Nov.) The “flash” PMIs for the euro-zone and US which were published earlier today reinforce the message that the world economy seems to be expanding at a decent pace in Q4, even before any “Trump stimulus”... 23rd November 2016 · 1 min read
US Employment Report Preview Wage growth has further to rise We estimate that non-farm payroll employment growth picked up to 180,000 in November, which was probably enough to cut the unemployment rate to 4.8%. Annual wage growth probably held steady at a seven... 23rd November 2016 · 1 min read
US Data Response Durable Goods (Oct.) The strong rise in headline durable goods orders in October was largely due to a surge in the notoriously volatile commercial aircraft category. That said, even excluding transport, the details of the... 23rd November 2016 · 1 min read
Global Markets Update Would Trump’s repatriation tax boost the US stock market? While Donald Trump’s plan to tax retained corporate income held offshore at 10% could encourage US multinationals to repatriate funds, we doubt that it would provide a big boost to the S&P 500. 23rd November 2016 · 1 min read
Europe Economics Update Euro’s decline does not take the onus off the ECB Taken in isolation, the euro’s decline against the dollar is a welcome development for the euro-zone economy. But in trade-weighted terms, the currency has still strengthened this year. And given that... 23rd November 2016 · 1 min read
Global Markets Update Is EM FX intervention a threat to US Treasuries? More emerging market (EM) central banks may step in to support their currencies by selling reserve assets if risk appetite takes another turn for the worse. But unless China is forced into aggressive... 23rd November 2016 · 1 min read
Asia Chart Pack Political developments take centre stage Political developments have taken centre stage over the past month. Aside from Donald Trump’s election victory, most attention in Asia has focused on Korea, where President Park Geun-hye is clinging... 23rd November 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Nov.) November’s rise in the euro-zone composite PMI suggests that GDP growth should edge up in Q4, implying that political uncertainty has yet to take a toll on the economy. 23rd November 2016 · 1 min read
Nordic & Swiss Data Response Norwegian Labour Force Survey (Sep.) September’s Norwegian Labour Force Survey (LFS) provided some hints that the recent rise in unemployment might be coming to an end. Meanwhile, other perhaps more reliable measures of unemployment have... 23rd November 2016 · 1 min read
