China Data Response Consumer & Producer Prices (Oct.) Consumer and producer prices are both rising at a comfortable pace, with worries over deflation fading into the distance. 9th November 2016 · 1 min read
Australia & New Zealand Data Response Consumer Confidence (Nov.) Despite the modest fall in the Westpac measure of consumer confidence in November, confidence levels suggest that any slowdown in consumption growth won’t be too severe. More worryingly, the rise in... 9th November 2016 · 1 min read
US Economics Update NFIB & JOLT surveys suggest wage growth has further to rise The latest NFIB and JOLT surveys provide further evidence that labour market slack is diminishing only very gradually. That said, they suggest that the recent acceleration in wage growth is set to... 8th November 2016 · 1 min read
Commodities Watch Cocoa prices to struggle on improved supply The recent slump in the US dollar price of cocoa reflects the widespread view that output is going to bounce back in 2016/17. In this Commodities Watch, we analyse the outlook for demand and supply of... 8th November 2016 · 1 min read
US Economics Update Clinton win looking increasingly likely Going into today’s presidential election, Democratic candidate Hillary Clinton appears to have established a solid three to four point lead in the polls over Republican rival Donald Trump but, given... 8th November 2016 · 1 min read
UK Housing Market Update London housebuilding wobbles in Q3 London saw a sharp drop in housing starts during Q3, as builders paused to assess the Brexit vote’s effect on an already slowing market. But with the effect of the referendum looking comparatively... 8th November 2016 · 1 min read
Precious Metals Update Q3 2016 World Gold Council Demand Trends In its Q3 Global Demand Trends report, published today, the World Gold Council (WGC) described a pretty gloomy picture for gold demand. Investment was the only exception, as the economic and political... 8th November 2016 · 1 min read
Global Markets Update Final thoughts on the day of the US presidential election A victory for Hillary Clinton in today’s presidential election is now heavily discounted. As a result, it would trigger far less of a response in the markets than a surprise win for Donald Trump. In... 8th November 2016 · 1 min read
Energy Update Coal prices are at the mercy of Chinese policymakers We think that the recent surge in coal prices is unsustainable and expect them to fall back as production rebounds, both inside and outside China, and demand remains weak. However, the extent of any... 8th November 2016 · 1 min read
Nordic & Swiss Economics Update What will the US election mean for the Nordic and Swiss economies? The importance of international trade to the Nordics and Switzerland, as well as the franc’s role as a safe haven, mean that the outcome of the US election is potentially important to the region. This... 8th November 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Oct.) Chilean inflation surprised on the downside again in October and looks set to fall further over the coming months due to the fading impact of last year’s depreciation of the peso. This is likely to... 8th November 2016 · 1 min read
Commodities Update China’s commodity imports dip in October China’s commodity import volumes declined last month, despite signs of a pick-up in activity data. We think this reflected disruptions caused by the week-long holiday, higher commodity prices and some... 8th November 2016 · 1 min read
UK Data Response Industrial Production (Sep.) Today’s industrial production figures confirmed that the hit to the manufacturingsector from the Brexit vote wasn’t long-lasting. 8th November 2016 · 1 min read
UK Data Response BRC Retail Sales Monitor (Oct.) October’s BRC Retail Sales Monitor suggests that the sector’s momentum continued into Q4. However, this strength is unlikely to last too much longer. 8th November 2016 · 1 min read
Europe Data Response German Industrial Production & Trade (Sep.) September’s sharp drop in German industrial production partly reflected payback from a sharp rise last month, and production posted a solid gain in Q3 as a whole. Nonetheless, the data are... 8th November 2016 · 1 min read
