Capital Daily Will there be a lasting divergence in UK and US monetary policies? 26th July 2016 · 1 min read
US Housing Market Data Response Case-Shiller Prices / New Home Sales (May/Jun.) New homes sales have performed well in recent months, and now stand at their highest level for over eight years. But with housing starts stalling, inventory levels are becoming tighter. That implies... 26th July 2016 · 1 min read
Industrial Metals Update Off-exchange stocks may plug any gaps LME metal stocks have fallen since the start of the year, while for the most part ShFE stocks have risen. However, summing stocks on all the major exchanges, the big moves have been a 25% drop in... 26th July 2016 · 1 min read
US Data Response Conference Board Consumer Confidence (Jul.) The trivial decline in the Conference Board measure of consumer confidence in July left the index still at a high level by historical standards. It also supports our view that, after what could turn... 26th July 2016 · 1 min read
Emerging Europe Economics Update Hungary’s MPC could still turn to rate cuts The Hungarian MPC seemed to pour cold water on the prospect of additional monetary policy easing in the statement accompanying today’s rate-setting meeting. However, we think the Council is still too... 26th July 2016 · 1 min read
Commodities Outlook Tougher few months in prospect Commodity prices have had a good few months, which is consistent with our relatively positive views on the medium-term outlook. The easing of fears about China’s economy has helped industrials, while... 26th July 2016 · 1 min read
Metals Data Response China and India’s gold imports (Jun.) Gold imports by China and India fell sharply in June. However, local gold premiums point to somewhat stronger demand in July. Higher prices and temporary factors have played a role in the weakness in... 26th July 2016 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jun. 2016) Mortgage approvals for house purchase fell in June, as uncertainty, both in the run-up to the referendum and in its aftermath, weighed on demand. And the post-Brexit data we’ve seen so far is... 26th July 2016 · 1 min read
Middle East & North Africa Economics Update Gulf equities lag behind Most stock markets in the Gulf have edged up over the past month, but their performance looks poor compared with the rises seen elsewhere in the emerging world. Meanwhile, expectations of another... 26th July 2016 · 1 min read
Europe Economics Update Belgium among most exposed to Brexit fallout A weaker outlook for the external sector on the back of the UK’s Brexit vote will hit Belgium’s open economy harder than most. And with consumers looking poorly placed to take up the slack, the... 26th July 2016 · 1 min read
Asia Data Response Korea GDP (Q2 Preliminary) Korea’s growth picked up in the second quarter of 2016, but we expect the economy to lose momentum over the coming quarters against a backdrop of mounting cyclical and structural headwinds. 26th July 2016 · 1 min read
Bank of Japan Watch Fiscal stimulus unlikely to prevent BoJ from easing An imminent shift from fiscal tightening to loosening has reduced the pressure on the Bank of Japan to provide more stimulus. However, the sharp appreciation of the exchange rate since the start of... 26th July 2016 · 1 min read
Capital Daily Gulf between Fed and BoJ likely to widen and weigh on the yen 25th July 2016 · 1 min read
Global Economics Update Global fallout from Brexit: one month on It is early days, but the limited data released since the EU referendum, as well as the reaction in financial markets, support our view that the economic implications of Brexit outside the UK will be... 25th July 2016 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q2) The latest RICS Commercial Property Survey gave fresh evidence that sentiment in the property sector has deteriorated since June’s referendum. 25th July 2016 · 1 min read
Latin America Economics Update Is a debt problem brewing in Mexico? In contrast to the prevailing view that tight credit conditions have been a constraint on Mexican growth, the debt ratio has actually increased at a reasonably sharp pace over the past five years... 25th July 2016 · 1 min read
