Australia & New Zealand Economics Update New Zealand: 2.5% won’t be the floor After cutting interest rates today from 2.75% back to the record low of 2.50% seen during the Global Financial Crisis, the Reserve Bank of New Zealand sent a strong signal that it doesn’t think rates... 10th December 2015 · 1 min read
Nordic & Swiss Data Response Swedish, Danish & Norwegian Consumer Prices (Nov. 15) November’s consumer prices data showed a continued divergence between the subdued rates of inflation in Sweden and Denmark and stronger price pressures in Norway, reflecting the recent depreciation of... 10th December 2015 · 1 min read
Nordic & Swiss Economics Update Respite for the SNB, but fight against franc is not over With the ECB’s cautious action last week reducing upward pressure on the franc against the euro, the Swiss National Bank (SNB) was able to leave policy on hold as expected today. But we still think... 10th December 2015 · 1 min read
EM Markets Chart Pack 2015 another year to forget, but outlook brighter Most emerging market (EM) asset classes have underperformed their peers in developed markets so far this year. Plenty of downside risks remain going into 2016, but we continue to think that EM markets... 9th December 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US crude stocks registered their first fall in almost three months last week, despite another jump in net imports and a decrease in refinery runs. 9th December 2015 · 1 min read
Emerging Markets Economics Focus Ten key calls for EMs in 2016 The EM world looks to have grown by its weakest pace since the global financial crisis in 2015, but things should start to improve next year. In this Focus we outline the ten key issues that we think... 9th December 2015 · 1 min read
UK Economics Update Have the Conservatives turned into Labour? The Autumn Statement took the Conservatives’ planned path for departmental spending another stepcloser to Labour’s manifesto plans. Admittedly, the overall fiscal consolidation this parliament is set... 9th December 2015 · 1 min read
Europe Economics Update Will the Fed & oil prices bail out the ECB? The recent further fall in oil prices and imminent commencement of monetary tightening in the US are unlikely to compensate for the ECB’s disappointingly timid action at last week’s policy meeting. 9th December 2015 · 1 min read
UK Markets Chart Pack UK stuck between transatlantic policy divergence It now looks odds on that the US Federal Reserve presses ahead and raises interest rates next week, while on the other side of the English Channel, the ECB has already loosened policy further. The UK... 9th December 2015 · 1 min read
Precious Metals Update Retail investment to help support silver prices Expectations for a December rate hike by the Fed and a strong dollar have seen the price of silver fall to the lowest level in over six years. But, all is not lost: low prices have triggered a strong... 9th December 2015 · 1 min read
Capital Daily Broad-based squeeze on margins to weigh on the US stock market 9th December 2015 · 1 min read
Latin America Data Response Mexico Consumer Prices (Nov.) The bigger-than-expected drop in Mexican inflation in November underscores the lack of price pressures in the economy. Against this backdrop, although it will be a close call, we are sticking with our... 9th December 2015 · 1 min read
US Fed Watch Fed on the cusp of historic rate hike At next week’s FOMC meeting, which concludes on 16 th December, the Fed is now almost universally expected to raise the fed funds rate by 25 basis points, to a range of between 0.25% and 0.50%. In the... 9th December 2015 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Nov.) The slight fall in Saudi inflation in November, to 2.3% y/y, reinforces our view that the backdrop of weak global commodity prices and slowing growth should keep price pressures subdued over the... 9th December 2015 · 1 min read
Latin America Data Response Brazil Consumer Prices (Nov.) The stronger-than-expected rise in Brazilian inflation, to a 12-year high of 10.5% y/y, was driven in large part by a jump in food inflation. While this pick-up should be temporary, given that it... 9th December 2015 · 1 min read
Metals Data Response World Gold Official Reserves (Oct.) Global central banks continued to add gold to their reserves in October, albeit at a slower pace. However, preliminary data for November suggest that the slump in gold prices might have stimulated... 9th December 2015 · 1 min read
