Global Economics Update Austerity now all but over Fiscal policy in advanced economies is looser this year than last and may well be eased further in the years ahead. In Japan, policy makers are on the cusp of announcing a large supplementary budget... 19th July 2016 · 1 min read
Australia & New Zealand Economics Update New Zealand - New LVR rules raise the chance of rates going below 2.0% Today’s announcement by the Reserve Bank of New Zealand that it intends to tighten existing loan-to-value restrictions will not only go some way to addressing the risks to financial stability posed by... 19th July 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank finds positives despite Brexit vote The Riksbank minutes confirm a readiness to act if conditions deteriorate in the wake of the UK’s Brexit vote. But there are signs of diminishing appetite for further measures from some members. 19th July 2016 · 1 min read
China Economics Update Service sector remains healthy China’s GDP data are widely maligned. But one area where the figures are useful is in the detail they provide on the service sector. Figures for Q2 suggests that, finance apart, most sections of the... 18th July 2016 · 1 min read
Africa Economics Update Nigeria: Rise in inflation has further to go Despite the sharp rise in Nigerian inflation last month, we think it will still be some time before the headline rate peaks. This will force the central bank to tighten monetary policy even in the... 18th July 2016 · 1 min read
Asia Economic Outlook Loose monetary policy to prop up growth Low interest rates should continue to support economic growth in Emerging Asia for the rest of the year. Further ahead, however, we expect regional growth to slow. Much of this slowdown will be driven... 18th July 2016 · 1 min read
Capital Daily Poor fundamentals likely to ensure that Turkish lira underperforms 18th July 2016 · 1 min read
Europe Commercial Property Update Brexit to push prime German property yields even lower Lower risk free rates and a relatively strong economy mean that prime property yields in Germany are set to fall even further in the wake of Brexit. While other markets will also see lower property... 18th July 2016 · 1 min read
Emerging Markets Trade Monitor EM export slump gradually easing The decline of EM values slowed, in US$ terms, again in May. The volume of EM exports, which is more important from an economic standpoint, actually rose. 18th July 2016 · 1 min read
Emerging Europe Economics Update The economic implications of Turkey’s failed coup The near-term economic impact of Friday night’s attempted coup in Turkey will depend on the length and severity of market dislocation, but at the very least the economy is likely to suffer a period of... 18th July 2016 · 1 min read
Industrial Metals Update The nickel price rally could lose steam The price of nickel has surged in recent weeks, primarily on concerns about lower supply due to greater regulation of ore mining in the Philippines. However, stocks remain high and demand is subdued... 18th July 2016 · 1 min read
UK Economics Weekly The MPC raises the stakes The Monetary Policy Committee’s surprise decision to leave policy on hold at Thursday’s meeting appears primarily to have reflected a desire to combine its remaining policy ammunition into a... 18th July 2016 · 1 min read
India Economics Update Export slump ends but sharp rebound unlikely Trade data for June showed positive growth in export values for the first time since the end of 2014. But with progress on the reforms needed to create a vibrant export sector still slow, the... 18th July 2016 · 1 min read
Japan Economics Update Is the Bank of Japan already delivering “helicopter money”? Speculation that the Bank of Japan has already embarked on “helicopter money” are wide off the mark. While we believe the measure would provide a solution to the country’s debt woes, the helicopter... 18th July 2016 · 1 min read
Australia & New Zealand Data Response New Zealand Consumer Prices (Q2) The weak tone of the CPI inflation data for the second quarter probably means that at Thursday’s unusual inter-meeting economic update the RBNZ will hint that it intends to use tighter lending... 18th July 2016 · 1 min read
US Housing Market Update Will the number of non-resident foreign buyers continue to drop? As we had expected, the strengthening of the dollar over the past couple of years has weighed on the number of non-resident home buyers. But we doubt the Canadian dollar or renminbi will weaken any... 15th July 2016 · 1 min read
