Middle East & North Africa Economics Update Egypt floats pound, currency falls by 30% against the dollar The decision this morning by the Central Bank of Egypt (CBE) to finally adopt a floating exchange rate regime is a positive step and moves the government closer to securing a US$12bn financing package... 3rd November 2016 · 1 min read
DM Markets Chart Pack Will the rise in euro-zone bond yields continue? Euro-zone government bond yields have been on the rise recently. This partly reflects a less dovish outlook for ECB policy. As it happens, we don’t think that the ECB will scale back its stimulus in... 2nd November 2016 · 1 min read
Global Economics Update What would be the global fallout from a Trump victory? A Trump victory in the US elections next Tuesday may send shockwaves through financial markets, at least temporarily. But the economic consequences for the world as a whole would be less dramatic. 2nd November 2016 · 1 min read
China Economics Update Interbank rates spike but don’t signal policy shift The renminbi dropped to a six-year low against the US dollar this month but it strengthened against most other currencies in the official currency basket. Meanwhile, although a jump in interbank rates... 31st October 2016 · 1 min read
Global Markets Focus What do lower equilibrium interest rates mean for asset prices? It is often argued that asset prices have been driven up by exceptionally loose monetary policy and that they are bound to come crashing down once central banks start to raise real interest rates back... 31st October 2016 · 1 min read
Asia Economics Update Markets in Thailand regain their poise Manufacturing conditions in Emerging Asia were lacklustre in October. Focusing on the two economies where the PMIs most closely track the hard data, there are further signs of improvement in Taiwan’s... 31st October 2016 · 1 min read
EM Valuations Monitor How will EM currencies react to Fed tightening? Emerging market (EM) currencies have been stable in recent months, even as the likelihood that the Fed will tighten policy in December has grown. This supports our view that EM currencies will take... 31st October 2016 · 1 min read
Frontier Markets Wrap Saudi devaluation fears fade, African oil currencies struggle Saudi Arabia’s successful international bond sale earlier this month has eased concerns about the sustainability of its currency peg, but exchange rates in other frontier oil exporters remain in the... 31st October 2016 · 1 min read
UK Economics Update 1992 or 2008? There are some reasons why the recent fall in the pound will be less positive for the economy than that seen after 1992’s ERM exit. But there are also reasons to think that it might be more positive... 28th October 2016 · 1 min read
China Economics Update Debt-to-equity swaps won’t resolve China’s debt woes Earlier this month, the Chinese government sketched out how it intends to address the build up of corporate debt and the threat it poses to financial stability and China’s broader economic outlook. On... 28th October 2016 · 1 min read
Africa Economics Update Mozambique: Debt revelations push up bond yields News that Mozambique is seeking to restructure its debts sent its US$ bond yields soaring. South African markets shrugged off another attempt to depose the respected finance minister. 28th October 2016 · 1 min read
Nordic & Swiss Data Response Swiss KOF Economic Barometer (Oct.) October’s rise in the Swiss KOF Economic Barometer suggests that GDP growth could accelerate in the near term. But with the full effects of the franc’s strength yet to be felt and deflation risks... 28th October 2016 · 1 min read
Middle East & North Africa Economics Update Saudi dollar bond yields edge down following bumper sale The past month has been dominated by Saudi Arabia’s inaugural international bond sale and, in the first few days of trading, yields on the bonds have edged down in line with those in the rest of the... 27th October 2016 · 1 min read
Latin America Economics Update Politics help Lat Am markets to outperform Latin America’s financial markets have performed strongly this month thanks to rising commodity prices, as well as favourable political developments in the cases of Brazil and Mexico. The exception is... 26th October 2016 · 1 min read
Middle East & North Africa Chart Pack Egypt edges closer to IMF deal as shortages bite The Egyptian government has inched closer to an IMF financing package over the past month after securing a US$2bn deposit from Saudi Arabia. This makes up a third of the bilateral financing that the... 26th October 2016 · 1 min read
Emerging Markets Economics Chart Pack Commodity producers and China drive EM recovery EM GDP is currently growing at its fastest pace in 18 months, with the recovery being driven mainly bystronger growth in commodity producers as well as an upturn in China. According to our GDP tracker... 26th October 2016 · 1 min read
