Global Markets Update Yellen remarks underline the pivotal role of oil prices Despite the dovish spin put on Janet Yellen’s latest remarks, global markets will probably stillhave to contend with more Fed tightening this year. However, the prices of many commodities, including... 30th March 2016 · 1 min read
OPEC Watch US Weekly Petroleum Status Report US crude oil inventories hit a new record for the seventh consecutive time last week, despite a surge in inputs to refineries, a further drop in US oil production and lower imports. On the other hand... 30th March 2016 · 1 min read
Latin America Chart Pack Still struggling Financial markets across Latin America have fared well over the past month but the incoming economic data suggest that the region is still struggling. Most of the attention has, of course, focussed on... 30th March 2016 · 1 min read
Energy Update LNG prices to continue to struggle this year The balance of power in the liquefied natural gas (LNG) marketplace has shifted to the consumer given the ongoing ramp-up in supply and the fall in cost of competing fuels. Although spot LNG prices... 30th March 2016 · 1 min read
Capital Daily Commodities may be only lasting winners from Yellen's dovishness 30th March 2016 · 1 min read
Africa Chart Pack Nigeria reverses course? The biggest policy change over the past month came from Nigeria, where the Central Bank unexpectedly hiked its key interest rate from 11.00% to 12.00%. This move partially reversed the Bank’s rate cut... 30th March 2016 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Feb.) The better-than-expected Chilean activity data for February suggest that, after weakening significantly in recent months, the economy has started to stabilise. Nonetheless, growth is unlikely to pick... 30th March 2016 · 1 min read
UK Economics Update Is there still a “Brexit premium” on UK assets? Despite the recent recovery in most UK markets, there is still evidence that they are bracing themselves for a possible Brexit. Accordingly, we think there is scope for markets to move significantly... 30th March 2016 · 1 min read
China Activity Monitor No rebound yet Our China Activity Proxy (CAP) suggests that growth held up at the start of 2016, but did not rebound as we had hoped. Nonetheless, we still think that a looser policy stance means the data is more... 30th March 2016 · 1 min read
Europe Data Response EC Business & Consumer Survey, German HICP (Mar.) March’s falls in euro-zone business and consumer confidence support other evidence that the region’s slow recovery is losing pace. 30th March 2016 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Feb.) House price growth slowed in February – further evidence that the surge in buyer activity ahead of the introduction of the stamp duty surcharge in April has had little effect on prices so far. 30th March 2016 · 1 min read
Asia Chart Pack Where next for Myanmar? Today’s handover from military to civilian rule in Myanmar marks another welcome step forward in the country’s political development. But the new government must overcome a number of major challenges... 30th March 2016 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Mar.) The rise in the Economic Sentiment Indicators (ESIs) in most Central and Eastern European economies this month was encouraging and suggests that growth in the region as a whole may turn out to be... 30th March 2016 · 1 min read
Global Economics Update Money and credit aggregates still expanding steadily Broad money and credit have continued to grow at a steady pace since the start of the year while government and corporate bond yields have dropped back. The prospect of further easing from the ECB and... 30th March 2016 · 1 min read
US Economics Update Monetary Indicators Monitor (Feb.) We are not overly concerned by the slowdown in the annual growth rate of our broad M3 money measure to a five-year low of 3.5% in February, particularly not when bank loans are still expanding at more... 30th March 2016 · 1 min read
RBA Watch RBA may try to talk the dollar down While the Reserve Bank of Australia will almost certainly leave interest rates at 2.0% at the policy meeting on Tuesday 5th April, it may try to give activity and inflation a boost by attempting to... 30th March 2016 · 1 min read
