UK Data Response GfK/NOP Consumer Confidence (Jul.) Consumer confidence fell sharply in the weeks following the referendum, led by a drop in perception of the economy’s health. However, the survey was conducted during a period of extreme political... 29th July 2016 · 1 min read
Emerging Markets Economics Chart Pack Turkey coup aside, EMs have become more stable The failed military coup in Turkey has sent local financial markets into a tailspin and re-focused investors’ attention on broader EM political risk. However, political stability in emerging markets... 29th July 2016 · 1 min read
Asia Economics Weekly Is Pakistan ready for life without the IMF? Pakistan’s three-year arrangement with the IMF comes to an end next month. An improvement in the external position means it is unlikely that there will be any immediate problems, but the IMF does... 29th July 2016 · 1 min read
Japan Economics Update Bank of Japan not done yet The Bank of Japan’s decision to refrain from meaningful easing once again today has disappointedinvestors and resulted in a renewed strengthening of the yen. While we still expect the Bank to domore... 29th July 2016 · 1 min read
Australia & New Zealand Economics Weekly The bigger picture on inflation Australia’s inflation data for the second quarter provided something for everyone, but the bigger picture is that there is very little price pressure anywhere in the economy. This is why we believe... 29th July 2016 · 1 min read
India Economics Update A snapshot of the services sector GDP data due at the end of August are likely to show that India’s economy continued to perform impressively in Q2, with the services sector remaining the key driver of growth. But we, and many others... 29th July 2016 · 1 min read
Asia Data Response Taiwan GDP (Q2 Advanced) While today’s GDP figures show that the worst is now probably over for Taiwan’s economy, we expect growth to remain very weak against a backdrop of subdued export demand, falling property prices and... 29th July 2016 · 1 min read
Japan Data Response Industrial Production, Household Spending, Retail Sales, Unemployment & Consumer Prices (Jun.) Today’s activity data suggest that Japan’s economy continued to recover last quarter, while the labour market continues to tighten. However, the stronger yen is set to dampen price pressures further... 29th July 2016 · 1 min read
Middle East & North Africa Economics Update Egypt keeps rates on hold…for now News that Egypt is on the brink of receiving an IMF deal (and the subsequent easing of pressure on the pound) provided the central bank with a window of opportunity to pause its tightening cycle today... 28th July 2016 · 1 min read
BoE Watch Will the MPC deliver this time around? With market participants having been disappointed by the Monetary Policy Committee’s inaction in July, expectations of a bolder and broader package of measures at next week’s meeting have grown. With... 28th July 2016 · 1 min read
Europe Economics Focus How big a threat are Italy’s banks? Italian banks are in trouble and there are no quick fixes for their problems. We think that policymakers will provide support to lenders this year, but this is unlikely to resolve banks’ underlying... 28th July 2016 · 1 min read
Emerging Europe Economics Update Inflation in EM commodity producers remains stubbornly high Inflation in a number of EM commodity producers has remained stubbornly high over the past few months. Accordingly, consensus expectations for monetary policy in these countries have moved towards our... 28th July 2016 · 1 min read
Latin America Economics Update Lat Am equities up despite softer commodities Equities in Latin America have outperformed those in the developed and wider emerging world so far this month, despite another dip in the prices of some global commodities. Meanwhile, Venezuela’s... 28th July 2016 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q2) Tentative signs of a recovery in homeownership at the end of last year proved to be afalse dawn. But with the labour market performing pretty well, housing fairly valuedand credit conditions gradually... 28th July 2016 · 1 min read
Global Economics Update QE to get a new lease of life? We expect the ECB and Bank of Japan to step up their asset purchases a bit in the coming months and the Bank of England (BoE) to resume its QE programme after a four-year break. Indeed, “global QE”... 28th July 2016 · 1 min read
Capital Daily Will the US stock market continue to weather a stronger dollar? 28th July 2016 · 1 min read
