Canada Chart Pack Another interest rate cut shouldn’t be ruled out Financial markets are going cold on the prospect of another rate cut from the Bank of Canada. The Bank has already cut rates twice this year in response to the oil shock. Although the economy may no... 28th October 2015 · 1 min read
Japan Data Response Small Business Confidence (Oct.) The drop in small business confidence in October undermines the upbeat message from the flash manufacturing PMI and suggests that economic activity is broadly flat. 28th October 2015 · 1 min read
Japan Data Response Retail Sales (Sep.) The renewed rise in retail sales in September adds to the evidence that private consumption rebounded last quarter. 28th October 2015 · 1 min read
Nordic & Swiss Economics Update Sweden’s Riksbank loosens policy but still more needed The decision by Sweden’s Riksbank to increase the size of its government bond-buying programme was clearly a response to the growing anticipation of more stimulus from the ECB. We think that these... 28th October 2015 · 1 min read
US Housing Market Data Response Homeownership & vacancy rates (Q3 15) A drop in the share of mortgages in foreclosure, alongside easing credit conditions which have boosted the number of first-time buyers, has helped the homeownership rate to rise from a 48-year low. 27th October 2015 · 1 min read
Latin America Economics Update Markets find their feet Following a torrid Q3, Latin America’s financial markets have had a good start to Q4. Equities, bonds and currencies have all rallied so far this month. Looking ahead, it will be a bumpy ride over the... 27th October 2015 · 1 min read
Latin America Economics Update Has Brazil succumbed to “fiscal dominance”? The decision by Brazil’s central bank not to raise interest rates last week has sparked a debate over whether Latin America’s largest economy has succumbed to “fiscal dominance” – whereby fiscal... 27th October 2015 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Aug.) The Case- Shiller measure of house prices showed that home values are continuing to grind higher, with the annual rate now at its highest level in almost a year. Tight supply conditions are behind the... 27th October 2015 · 1 min read
Europe Commercial Property Update Should we be more positive on prime retail rental growth in France? French consumer spending growth is set to gradually improve in the next few years. This will support better rates of retail sales and occupier demand growth than previously anticipated, leading us to... 27th October 2015 · 1 min read
UK Commercial Property Update Can competitiveness rankings help explain UK property pricing? Relative economic competitiveness scores go some way to explaining UK pricing in a pan European context. Yet while prime all-property yields look about 50bps lower than the UK’s competitiveness score... 27th October 2015 · 1 min read
Metals Watch What, if anything, can futures curves tell us? While there has been much media coverage of the recent falls in oil and copper prices, the simultaneous slide in the prices of lead and zinc has not been so well documented. In this Metals & Mining... 27th October 2015 · 1 min read
Commodities Update US interest rates just one factor driving commodity prices The conventional wisdom is that the outlook for US interest rates will be critical in determining the prospects for commodity prices over the next few years. Indeed, some commentators seem to base... 27th October 2015 · 1 min read
US Data Response Durable Goods (Sep.) & Consumer Conf. (Oct.) The 1.2% m/m decline in durable goods orders in September was actually better than we expected, but only because the drag from the notoriously volatile commercial aircraft category wasn't as bad as we... 27th October 2015 · 1 min read
Asia Chart Pack Vietnam and Bangladesh exports bucking the trend Fossil fuels should continue to be the world’s most important energy source for the foreseeable future. However, renewable energy production will grow rapidly and become an increasingly large part of... 27th October 2015 · 1 min read
Energy Update Have fossil fuels burnt out? Fossil fuels should continue to be the world’s most important energy source for the foreseeable future. However, renewable energy production will grow rapidly and become an increasingly large part of... 27th October 2015 · 1 min read
