Energy Data Response US Weekly Petroleum Status Report Commercial crude stocks rose again this week, despite a rise in inputs to refineries. That said, refinery activity is unlikely to pick up markedly in the coming weeks given ongoing maintenance and... 8th February 2023 · 3 mins read
UK Commercial Property Valuation Monitor Surge in property yield helps valuations improve A surge in property yields helped commercial property valuations improve for the first time in two years in the final quarter of 2022. Jumps in alternative asset yields late last year following the... 8th February 2023 · 7 mins read
US Economics Update Recession or economic resurgence? The unexpected surge in payroll employment in January has led to claims of an economic resurgence that will force the Fed to keep hiking interest rates but, on balance, we still think the real economy... 8th February 2023 · 4 mins read
Global Markets Update We think bond yields will fall in Canada & ANZ We think sovereign bond yields in Canada, Australia, and New Zealand will drop further by end-2023. 8th February 2023 · 3 mins read
UK Economics Chart Pack Outlook is less grim, but recession still likely Since the full effects of the previous surge in energy prices and the hike in interest rates have yet to be felt, we still think the economy will succumb to a recession this year. Admittedly, pandemic... 8th February 2023 · 10 mins read
Japan Data Response Japan Economy Watchers Survey (Jan. 2023) Current readings dipped slightly in January’s Economy Watchers Survey but the jump in outlook readings suggests spending growth this quarter will still be decent. 8th February 2023 · 2 mins read
Capital Daily Why the plunge in credit spreads may be a head fake A recent plunge in credit spreads in the US is one clear sign of hope that the economy there is heading for a soft landing. It jars, however, with two developments that point to the slightly gloomier... 7th February 2023 · 6 mins read
US Data Response International Trade (Dec.) The December trade data show a rebound in both real exports and imports but, with those gains following steep declines in previous months and the surveys pointing to renewed weakness to come, the data... 7th February 2023 · 2 mins read
Canada Data Response International Trade (Dec.) A surge in motor vehicle exports drove export volumes higher at the end of 2022, even as lower commodity prices weighed on export values. While there is scope for motor vehicle exports to recover... 7th February 2023 · 3 mins read
US Economics Update Tighter lending standards point to a weak H1 The surge in interest rates and tightening in credit conditions last year resulted in a broad-based plunge in loan demand in the fourth quarter. Most banks expect to continue tightening standards this... 7th February 2023 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jan.) We suspect that the pause in house price falls in January reported by Halifax will prove temporary. Despite the slight decline in mortgage rates, affordability still looks far too stretched for house... 7th February 2023 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Feb. 22) 7th February 2023 · 2 mins read
Japan Data Response Japan Labour Cash Earnings (Dec. 2022) The large jump in wage growth in December was mostly due to a surge in volatile bonus payments and it will slow over the coming months. 7th February 2023 · 2 mins read
