Europe Data Response German & Spanish Industrial Production (Sep.) September’s unexpectedly sharp fall in German industrial production was a worrying sign that GDP growth may have slowed in Q3 even in the euro-zone’s strongest economy. 6th November 2015 · 1 min read
UK Economic Outlook Boosts to spending to fade next year The recent return to deflation is boosting consumers’ spending power. Real household spending still looks set to grow by about 3% this year, the strongest rate for a decade. 6th November 2015 · 1 min read
Japan Economics Weekly What to make of the privatisation of the Post Bank? The government took the first step towards the privatisation of the Post Bank by selling a 11% stake on Wednesday. Private ownership will force the Bank to shift its investment portfolio from low... 6th November 2015 · 1 min read
Australia & New Zealand Economics Weekly The RBA’s clever little trick By highlighting the recent “firming” in activity at the same time as emphasising that there is scope to cut interest rates further, the Reserve Bank of Australia has managed to support confidence... 6th November 2015 · 1 min read
India Economics Update Inflation set to accelerate again Inflation is likely to have risen in October, as the favourable base effects that helped to anchor food inflation in recent months continue to fade. With inflation expectations also edging up, there... 6th November 2015 · 1 min read
Latin America Economics Update Weaker currencies and the impact on inflation The sharp falls in currencies across Latin America over the past year have pushed up inflation in most countries. But the extent of the pass-through has varied significantly. The effect has been... 5th November 2015 · 1 min read
Precious Metals Update Will Lonmin’s call for cash impact PGM prices? Under pressure from labour unrest, rising costs and weak platinum prices, Lonmin said this week that it will cease trading if its plan to raise capital in a rights issue of new shares is unsuccessful... 5th November 2015 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Huge weight of capital pushing yields to new lows The economic recovery has perhaps been slowed by weaker demand from China and geopolitical concerns. However, property occupier markets are, on the whole, beginning to enjoy a better balance between... 5th November 2015 · 1 min read
Global Markets Update Valuations suggest prospects brighter for EM than DM equities The valuation of emerging market (EM) equities relative to those in the developed world is the lowest it has been in recent memory. All else equal, this ought to lead to superior returns over the... 5th November 2015 · 1 min read
Europe Commercial Property Chart Pack Capital values increase at strongest pace since the crisis Yield compression across each of the main property sectors picked up sharply in Q3, leading to the strongest quarterly fall in euro-zone all-property yields in the currency bloc’s history. With rental... 5th November 2015 · 1 min read
Emerging Europe Economics Update Political uncertainty causes Romanian MPC to sounds cautious The press conference following the Romanian MPC meeting earlier today confirmed our view that the resignation of the Prime Minister yesterday would prompt the Council to adopt a more cautious line... 5th November 2015 · 1 min read
UK Economics Update MPC still in no hurry to hike The “Super Thursday” announcements from the MPC were on the whole quite dovish, with the Committee signaling that it is still in no hurry to raise interest rates. We remain comfortable with our view... 5th November 2015 · 1 min read
Emerging Europe Data Response Russia CPI (Oct.) Russian inflation edged down again in October, to 15.6% y/y, but the headline rate remains extremely high and this figure alone is unlikely to be enough to tip the balance on the MPC in favour of a... 5th November 2015 · 1 min read
Global Markets Update We expect euro-zone equities to continue to recover Although the Volkswagen emissions scandal refuses to go away, euro-zone equities have performed well recently, bolstered by a weaker euro amid growing expectations that the ECB will add additional... 5th November 2015 · 1 min read
Global Economics Chart Pack Growth picking up again at the start of Q4 Concerns that a hard landing in China may tip the world into a fresh recession look increasingly wide of the mark. The latest business surveys and credit data suggest that China itself may be... 5th November 2015 · 1 min read
