UK Economics Rapid Response Bank of England Policy Announcement (3rd Nov.) 3rd November 2022 · 2 mins read
UK Commercial Property Data Response RICS Construction Market Survey (Q3) The latest RICS Construction Survey showed a rise in workloads in Q3, although the gain was small. Looking ahead, a slowing economy and higher financing costs will soon lead to a cut in activity... 3rd November 2022 · 3 mins read
Australia & New Zealand Data Response Australia International Trade (Sep. 2022) While the trade surplus bounced back in September, we’ve pencilled in a drag from net trade to Q3 GDP growth as export volumes probably didn’t rise fast enough to offset a surge in imports. 3rd November 2022 · 2 mins read
Australia & New Zealand Rapid Response Australia International Trade (Sep. 2022) 3rd November 2022 · 2 mins read
Global Markets Update The changing drivers of this year’s sell-off in the S&P 500 Downward revisions to expectations for earnings have taken a toll in the second half this year so far on the S&P 500, which had been under pressure in the first half from a discount-rate-driven drop... 2nd November 2022 · 3 mins read
Capital Daily What a change in tack by the Fed could mean for markets We think an eventual Fed “pivot” will push down long-term Treasury yields, although it may not help the stock market much nor prevent a renewed US dollar rally. 2nd November 2022 · 6 mins read
US Commercial Property Data Response US Metro Employment (Sep.) Employment continues to trend higher across the 30 metros, but nearly half remain short of pre-pandemic peaks, including all six major metros. Indeed, with job growth slowing, we don't expect... 2nd November 2022 · 2 mins read
FX Markets Outlook Probably approaching the final stage of the dollar rally While the dollar has now reached a 20-year high and looks increasingly overvalued on a long-term basis, we think it will rise further in the near term as the global economy falls into recession and... 2nd November 2022 · 24 mins read
UK Economics Rapid Response New Prime Minister will have to work hard to restore credibility 2nd November 2022 · 2 mins read
US Housing Market Data Response Mortgage Applications (Oct.) On the back of a rise in mortgage rates to above 7%, home purchase applications took another step down in October. That points to further declines in home sales in the coming months. With mortgage... 2nd November 2022 · 2 mins read
Australia & New Zealand Rapid Response New Zealand Labour Market (Q3 2022) 1st November 2022 · 2 mins read
Capital Daily A weak economy may matter most for sector performance The turnaround in the US stock market since 14th October has coincided with a retreat in Treasury yields. Nonetheless, two of its three “long-duration” sectors have lagged amid disappointing news on... 1st November 2022 · 7 mins read
Global Economics Update Timing and nature of “pivots” will vary The dovish tilt among central banks has led to more talk of “pivots”, but this will mean different things for different banks. The ECB may be shifting to a slower pace of tightening, but the peak in... 1st November 2022 · 3 mins read
Japan Economics Update Yield Curve Control not on its way out The Bank of Japan’s renewed difficulties in defending its 10-year yield target have prompted fresh speculation that it may abandon Yield Curve Control. However, neither concerns about the functioning... 1st November 2022 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Oct.) The jump in mortgage interest rates is now being felt in house prices, with Nationwide reporting the first month-on-month fall since July 2021. House prices are now set to stay on a sustained downward... 1st November 2022 · 2 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Nov. 22) 1st November 2022 · 2 mins read
