Latin America Data Response Mexico Bi-Weekly Consumer Prices (Jun.) Mexico’s fairly soft mid-month inflation reading for June, of 2.6% y/y, taken together with the recent rebound in the peso, has eased some of the pressure on the MPC to tighten monetary policy next... 23rd June 2016 · 1 min read
UK Economics Update A brief guide to referendum night The wait is finally over. After months of campaigning, TV debates and a torrent of leaflets, the UK public today go to the polls to decide on the country’s future in the European Union. This Update is... 23rd June 2016 · 1 min read
UK Economics Update Brexit Watch: Markets expect voters to reject Brexit The last few opinion polls released before EU referendum voting closes appear to have largely convinced markets that the UK will vote to remain in the EU. 23rd June 2016 · 1 min read
Latin America Economics Update $50pb oil still leaves Venezuela in deep trouble The recovery in global oil prices, coupled with a possible restructuring of debt repayments to China will help to ease some of the pressure on Venezuela’s economy but does not alter the bigger picture... 23rd June 2016 · 1 min read
UK Commercial Property Chart Pack Another month of moderation With the contribution of rental growth and yield compression fading, capital value growth is expected to moderate further. Yet, with economic and employment growth set to be solid, and interest rates... 23rd June 2016 · 1 min read
Africa Economic Outlook Africa sinking? We expect that African economic growth this year will fall far below even 2015’s very poor result. The weakness will be concentrated in the region’s largest economies, most of which are still... 23rd June 2016 · 1 min read
Asia Economics Update Philippines: interest rates to remain low for some time yet With the economy growing strongly but inflationary pressures under control, today’s decision by the central bank in the Philippines (BSP) to keep its main policy rate on hold at 3.0% came as no... 23rd June 2016 · 1 min read
Europe Data Response Euro-zone Flash PMIs (June) June’s fall in the euro-zone Composite PMI to a 17-month low suggests that strong GDP growth in Q1 was not the start of a more pronounced economic recovery. Indeed, the PMI points to growth slowing... 23rd June 2016 · 1 min read
Europe Economics Update Norges Bank to cut interest rates in September The Norges Bank left its key policy rate unchanged today, but with the economy weak and inflation set to fall, we think that further loosening is on the way. 23rd June 2016 · 1 min read
Europe Commercial Property Update Rise in Athens retail rents doesn’t signal a wider market revival Prime retail rents in Athens moved sharply higher in the first quarter. However, a weak economic environment will limit further upside, while also keeping industrial and office rents in check. 23rd June 2016 · 1 min read
Japan Data Response Flash Manufacturing PMI (Jun.) The manufacturing PMI remained weak in June and still points to sharp falls in industrial output. However, we would put more weight on firms’ production forecasts which point to a solid rebound in... 23rd June 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US inventories of crude oil fell again last week, but by less than expected. On the other hand, gasoline stocks rose as refineries pumped out more fuel. 22nd June 2016 · 1 min read
Middle East & North Africa Economics Update Egyptian markets suffer amid balance of payments concerns Egyptian financial markets have been hit in the past month amid ongoing concerns over the country’s balance of payments position. Equities have fallen, spreads on dollar bonds have widened and... 22nd June 2016 · 1 min read
Global Markets Update What might a ‘Brexit’ vote mean for the yen? The yen would presumably jump on safe-haven demand in response to a UK vote to leave the EU, but we would still expect the Japanese currency to end the year much weaker against the dollar. Indeed... 22nd June 2016 · 1 min read
Capital Daily The wait is over – will the UK vote to leave or stay in the EU? 22nd June 2016 · 1 min read
US Housing Market Focus Existing Home Sales (May) Existing home sales rose by a marginal 1.8% m/m in May, helped by low mortgage rates. But with sales back to their long-run average and the inventory of homes for sale very low, we doubt sales will... 22nd June 2016 · 1 min read
