Energy Data Response US Weekly Petroleum Status Report (10th Aug. 16) Crude stocks rose again last week, despite drops in production and net oil imports. However, gasoline and distillate fuel stocks eased back. 10th August 2016 · 1 min read
OPEC Watch OPEC production reaches another new record OPEC production reached a new record in July with the Gulf members showing no signs of wanting to limit output. What’s more, the group revised down their estimate of how much non-OPEC output should... 10th August 2016 · 1 min read
Europe Economics Update How will the Norges Bank react to the strength of inflation? Inflation in Norway has been much stronger than the central bank forecast in June, so an interest rate cut in September looks unlikely. But we still expect inflation to fall sharply over the next 12... 10th August 2016 · 1 min read
Africa Economics Update Ghana: Inflation headed down as economic imbalances unwind The sharp fall in Ghanaian inflation supports our view that the worst is over for Ghana’s economy. Thegradual reduction of economic imbalances will help inflation moderate over the coming months. 10th August 2016 · 1 min read
UK Economics Update Will the BoE’s corporate bond buying make a difference? While the uncertainty generated by the EU referendum result clearly means that business investment is likely to fall in the near term, the Bank of England’s corporate bond buying scheme should help to... 10th August 2016 · 1 min read
Global Economics Update Will wage growth ever pick up? Unemployment has continued to fall steadily in most advanced economies, but there is still some sparecapacity left. Moreover, the link between unemployment and wage growth is weaker than in the past... 10th August 2016 · 1 min read
US Economics Update Rise in short-term interest rates is little to fear The recent surge in short-term market interest rates in the US is linked to the upcoming change in money market fund rules rather than any underlying financial problems 10th August 2016 · 1 min read
UK Housing Market Data Response CML Lending Trends (2016 Q2) Mortgage advances for house purchase picked up strongly in June. But with most of the data reflecting transactions agreed pre-referendum, these figures do not give a clean bill of health to the post... 10th August 2016 · 1 min read
UK Commercial Property Data Response Commercial property investment (Jul.) Unsurprisingly, on the back of the UK’s vote to leave the EU, commercial property transaction activity fell sharply in July. That said, with no signs of an exodus from London, and overseas investors... 10th August 2016 · 1 min read
India Economics Update No need to panic over maturing FX swaps There still appears to be some confusion over the potential market impact when the RBI’s FX swap facilities mature next month. The RBI has already confirmed that the maturing swaps have been covered... 10th August 2016 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Jul.) July’s high inflation reading in Egypt, of 14.0% y/y (the same as in June) confirmed that March’s devaluation of the pound is continuing to pass through into higher consumer prices. Against this... 10th August 2016 · 1 min read
Australia & New Zealand Data Response Australia Consumer Confidence (Aug.) While the modest rise in the Westpac measure of consumer confidence in August suggests that the effect of interest rate cuts on confidence may be weakening, the rise was still enough to suggest that... 10th August 2016 · 1 min read
Japan Data Response Machinery Orders (Jun.) Despite a rebound in “core” machinery orders in June, their Q2 average points to a renewed decline in business investment. Nonetheless, we have pencilled in a small rebound as “core” capital goods... 10th August 2016 · 1 min read
Nordic & Swiss Economics Update How will the Norges Bank react to the strength of inflation? Inflation in Norway has been much stronger than the central bank forecast in June, so an interest rate cut in September looks unlikely. But we still expect inflation to fall sharply over the next 12... 10th August 2016 · 1 min read
