Australia & New Zealand Economics Weekly RBA on an extended pause, budget in the spotlight Although the RBA left rates unchanged at its meeting this week, Governor Bullock stated that the Board was prepared to raise rates if it had to. Against this backdrop, there have been concerns from... 10th May 2024 · 6 mins read
US Housing Market Update Shutting out institutional buyers won’t lower house prices Lawmakers' current efforts to restrict institutional buying of single-family homes won’t put downward pressure on house prices if enacted, as their market share is minimal. 9th May 2024 · 3 mins read
UK Economics Update BoE may cut rates in June and reduce them to 3.00% next year While leaving interest rates at 5.25% today as widely expected, the Bank of England gave the impression that it is close to cutting interest rates and also hinted that rates may need to fall further... 9th May 2024 · 4 mins read
Canada Chart Pack Canada Chart Pack (May 2024) O ur Canada Chart Pack has been updated with the latest data and our analysis of recent developments. The strength of GDP growth in the first quarter is unlikely to be sustained, with growth set to... 9th May 2024 · 0 mins read
UK Economics Rapid Response Bank of England Policy Announcement (May 2024) While leaving interest rates at 5.25% today as widely expected, the Bank of England gave the impression that it is close to cutting interest rates and also hinted that rates may need to fall further... 9th May 2024 · 3 mins read
UK Housing Market Update RICS Residential Market Survey (April 2024) Increasing supply points to softer price growth While sales volumes were robust in April according to the RICS Residential Market Survey, stalling demand and increasing supply suggests that prices... 9th May 2024 · 2 mins read
Australia & New Zealand Economics Update Inflationary pressures in the labour market set to chill All signs are that unit labour cost growth in New Zealand will plummet in the coming quarters. Coupled with subdued domestic demand, that should feed through to lower non-tradables inflation in short... 9th May 2024 · 5 mins read
UK Economics Chart Pack UK Economics Chart Pack (May 2024) While regular private sector wage growth in February and services CPI inflation in March were both a bit higher than the Bank of England had expected, we still think that the flatlining of the economy... 8th May 2024 · 1 min read
Capital Daily The balancing act of a stronger yen for Japan’s markets We expect Japanese government bond (JGB) yields to rise a bit and the yen to come off the boil later this year, creating a headwind for equities there. 8th May 2024 · 4 mins read
US Housing Market Rapid Response US Mortgage Applications (Apr. 2024) The small rebound in mortgage demand in March proved short-lived, as higher borrowing costs caused home purchase mortgage applications to drop 2.3% m/m in April. But the 10-year Treasury yield’s... 8th May 2024 · 2 mins read
Australia & New Zealand Economics Update RBA continues to eye its so-called “narrow path” The RBA’s decision to leave rates on hold at its meeting today suggests that there is a high bar for any further tightening of monetary policy. Indeed, the Board seems keen on minimising the... 7th May 2024 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (May 2024) 7th May 2024 · 2 mins read
US Economics Update Banks easing credit conditions amid weak demand The second-quarter Senior Loan Officer Opinion Survey revealed that, a year after the regional banking crisis, only a modest net share of banks are still tightening lending standards. 6th May 2024 · 1 min read
Canada Economics Weekly Trans Mountain expansion finally completed After 12 long years, the Trans Mountain oil pipeline expansion finally entered commercial service this week. The pipeline has the potential to raise oil exports significantly, but the full boost is... 3rd May 2024 · 5 mins read
US Economics Weekly Fundamentals point to slower wage growth Fed Chair Jerome Powell argued in his post-FOMC press conference this week that, despite the stickiness of inflation in recent months, additional interest rate hikes were still “unlikely”. We still... 3rd May 2024 · 5 mins read