EM Markets Chart Pack Autumn rebound EM financial markets have rebounded from the summer turmoil as China’s economy has shown signs of stabilisation and Fed lift-off has been delayed. Equities have risen about 5% on average since the end... 22nd October 2015 · 1 min read
Frontier Markets Wrap Upcoming elections key to outlook for several FMs Four frontier markets are due to hold national elections in the coming month. The most high-profile election is in Argentina where Daniel Scioli, the candidate of the ruling left-wing coalition... 22nd October 2015 · 1 min read
Commodities Update Weaker dollar helps to lift prices The US Federal Reserve’s decision not to raise interest rates in September has seen the dollar weaken recently. As a result, the strengthening of a number of currencies against the greenback... 22nd October 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Sep.) Existing home sales rebounded by 4.7% in September. While there are a number of factors pointing to a moderation in sales over the coming months, over the medium-term the outlook is broadly positive. 22nd October 2015 · 1 min read
Emerging Europe Economics Update Markets in Russia & Turkey recover some lost ground Currencies, equities and bonds in the region’s two largest economies – Russia and Turkey – have posted gains over the past month as oil prices have stabilised and expectations for US rate hikes have... 22nd October 2015 · 1 min read
Canada Data Response Retail Sales (Aug.) The 0.7% m/m gain in retail sales volumes in August was larger than we had assumed and indicates that a stronger showing in third-quarter real consumer spending is an upside risk to our overall GDP... 22nd October 2015 · 1 min read
Europe Economics Update ECB all but promises more support in December While the European Central Bank left monetary policy unchanged today, President Draghi gave even stronger-than-anticipated signals that the QE programme will be expanded in December. 22nd October 2015 · 1 min read
Latin America Data Response Mexico Bi-Weekly Consumer Prices (Oct.) The 2.5% y/y rise in Mexican consumer prices in the first half of this month is unlikely to have much of a bearing on next Wednesday’s MPC meeting, given that it was in line with expectations. However... 22nd October 2015 · 1 min read
Europe Commercial Property Focus Has investment activity in Central Europe plateaued? Investment activity appears to have plateaued in Central Europe. But if one includes ‘platform deals’, the picture is more positive. That said , there are factors holding volumes back, including a mis... 22nd October 2015 · 1 min read
UK Commercial Property Chart Pack Property returns benefit from rental recovery The upswing in the rental recovery continues to gather pace. But, offsetting this, the contribution of yield impact is steadily falling and capital value growth slowing. With little to suggest an... 22nd October 2015 · 1 min read
Latin America Economics Update Latin America’s credit bubble deflates Our latest Banking Heat Map shows that credit bubbles across Latin America have started to deflate. So far at least, this does not appear to have triggered widespread problems for the region’s... 22nd October 2015 · 1 min read
US Fed Watch Fed now likely to delay first rate hike until early 2016 It is highly unlikely that the Fed will spring a surprise rate hike at next week's FOMC meeting, which concludes on Wednesday 28th October, and even the odds of a hike at the December meeting have... 22nd October 2015 · 1 min read
UK Economics Chart Pack “Good” deflation returns The latest consumer prices figures showed that CPI inflation turned negative again in September. Although the current period of negative inflation should prove to be short lived and shallow, inflation... 22nd October 2015 · 1 min read
Japan Economics Update Bank of Japan can’t hide behind low potential growth With potential growth near zero, the occasional quarter of negative GDP growth in Japan is notaltogether surprising or necessarily a disaster. However, the point of the Bank of Japan’s... 22nd October 2015 · 1 min read
UK Data Response Retail Sales (Sep.) Following a feeble performance in previous months, the renewed vigour in the pace of UK retail spending in September might help to stop overall GDP growth slowing too much in Q3. 22nd October 2015 · 1 min read
