Emerging Markets Economics Chart Pack EM recovery continues at the start of Q3 The latest activity data from EMs suggest that the economic recovery continued at the start of Q3. Consumer spending has continued to pick up across most regions, while both industrial production and... 13th September 2017 · 1 min read
Global Markets Update Some revisions to our key market forecasts We have revised some of our key market forecasts for currencies, bonds and equities, partly because we no longer expect the FOMC to raise its target range for the federal funds rate again this year. 13th September 2017 · 1 min read
Asia Chart Pack Will tougher sanctions on North Korea work? The United Nations has agreed a new set of sanctions on North Korea, which while falling short of what was originally demanded by the US, constitute the strongest sanctions ever imposed on the country... 12th September 2017 · 1 min read
China Economics Update PBOC hoping for exchange rate uncertainty, not weakness We don’t believe that officials at the People’s Bank are so acutely sensitive to the level of the exchange rate that they are now worried about renminbi strength – it has barely moved in trade... 11th September 2017 · 1 min read
Japan Economics Update Would the yen remain a safe haven during a Korean War? The experience of the last couple of weeks suggests that gold might be the better safe haven choice if war were to break out on the Korean peninsula. Nonetheless, on the evidence of past crises, the... 8th September 2017 · 1 min read
UK Markets Outlook Pessimism about sterling’s prospects overdone In contrast to some forecasters who have suggested that the pound could reach parity with the euro before the end of the year, we expect sterling to reverse some of its recent losses against the euro... 6th September 2017 · 1 min read
Asia Economics Weekly Philippines: No need to worry about the weak peso Subdued inflation and a relatively low level of foreign currency debt mean the weakness of the Philippine peso, which has recently been hitting multi-year lows against the US dollar, is not a major... 1st September 2017 · 1 min read
China Economics Update Don’t underestimate the renminbi The renminbi’s strong gains against the dollar over recent weeks caught many by surprise, and most think they will reverse before long. By contrast, we believe there is a good chance that appreciation... 31st August 2017 · 1 min read
Latin America Chart Pack Brazil’s political crisis puts back pension reform The past month has brought some signs that the continuing political crisis in Brazil is starting to weigh on the more ambitious elements of the government’s reform programme. While President Temer’s... 30th August 2017 · 1 min read
Africa Economics Update African markets continue to pick up August was another strong month for African markets as key equity indices gained. Fears that politics would knock markets off course proved ill-founded. 30th August 2017 · 1 min read
Japan Economics Update Further yen weakness and Nikkei upside limited Having appreciated against the dollar over recent weeks, the yen initially strengthened further when news of the North Korean missile launch broke yesterday. Despite this, we continue to expect the... 30th August 2017 · 1 min read
China Economics Update A tale of two currencies The renminbi’s continued strength against the US dollar this month has forced us to update our forecasts. The Hong Kong dollar, by contrast, has declined to record lows against the US currency and may... 29th August 2017 · 1 min read
Asia Economics Update Asian equities shrug off latest Korean tensions Equity markets in Emerging Asia have continued to take the crisis in North Korea in their stride. Although most markets have fallen in response to today’s missile test, the moves are very small. It is... 29th August 2017 · 1 min read
Europe Economics Weekly Economy shrugs off stronger euro for now Although the euro’s strength does not appear to have had an adverse impact on the euro-zone economy so far, this may not last. After all, unless the currency’s recent appreciation is reversed, it... 25th August 2017 · 1 min read
Middle East & North Africa Chart Pack Qatar crisis reaches an impasse The diplomatic crisis between Qatar and regional powers seems to be in deadlock. Saudi Arabia and its allies revised their demands in July to something that appeared to be more palatable for Doha, but... 24th August 2017 · 1 min read
China Economics Update What’s going on with the Hong Kong dollar? While other currencies have recently been rising against the US dollar, the Hong Kong dollar has been sliding to historic lows, albeit within the narrow confines of its currency peg. This is the... 24th August 2017 · 1 min read
