Asia Economics Update Five questions and answers about the market sell-off A sense of panic gripped Asian markets today, creating concerns over the outlook for the region’s economies. In this Update we answer five questions that have been raised by the market moves. 24th August 2015 · 1 min read
Emerging Europe Economics Update What does the latest fall in oil prices mean for Russia? The latest plunge in global oil prices and the associated depreciation of the ruble have added to what was already a bleak picture for the Russian economy and reinforce our view that this year’s... 24th August 2015 · 1 min read
Frontier Markets Wrap Which frontier market peg could be the next to go? The recent devaluation of China’s renminbi and the slump in commodity prices were the two key factors behind Vietnam’s decision last week to widen the dong trading band with the dollar and the... 24th August 2015 · 1 min read
Africa Economics Update Nigeria: Oil not the only worry Nigeria’s economy has struggled this year, with the most obvious cause being the recent collapse of global oil prices. But this isn’t the only obstacle to faster growth in Sub-Saharan Africa’s largest... 24th August 2015 · 1 min read
Canada Economics Weekly Don’t bet on further big falls in the Canadian dollar Markets still appear to be speculating on further declines in the Canadian dollar versus the US dollar but, after a 20% decline over the past 12 months, we believe that there is little scope for any... 21st August 2015 · 1 min read
Commodities Weekly China panic spreads The negative sentiment prompted by the slide in the renminbi has been compounded by further weakness in Chinese equities and another soft reading of the country’s manufacturing PMI. What’s more... 21st August 2015 · 1 min read
China Economics Update “National Team” strategy looking tarnished Sliding share prices over the course of the past week have exposed the limits of the government’s interventions to support the market. Indeed, in going to such lengths to save the market, the... 21st August 2015 · 3 mins read
Metals Watch A brighter future for gold prices The price of gold has been undermined this year by the strength of the dollar and rising bond yields as the first hike in US interest rates approaches. Indeed, we continue to expect one more dip from... 21st August 2015 · 1 min read
Asia Economics Weekly Why comparisons with the Asian financial crisis are wrong The recent tumble in Asian currencies has given rise to concerns that the region could be onthe brink of a repeat of the Asian financial crisis. In general, these suggestions are over the top.There... 21st August 2015 · 1 min read
Global Economics Update China and the SDR: fuss about nothing Reports that the IMF has decided not to add the renminbi to the SDR basket until September 2016 at the earliest miss two more important points. First, China’s currency may not be added to the basket... 20th August 2015 · 1 min read
Global Markets Update What next for the Norwegian krone? The Norwegian krone has been the worst-performing G-10 currency since the middle of last year – it has lost more than a quarter of its value against the US dollar. Still, given the prospects for the... 20th August 2015 · 1 min read
Global Markets Update Still room for revision of rate expectations in EM bond market Local currency government bonds have been a port in the emerging market (EM) storm during the past year, as investors have revised down their expectations for policy rates. While they are now... 20th August 2015 · 1 min read
UK Economics Chart Pack Equity prices depressed by global, not UK, concerns The decline and underperformance of the FTSE 100 has not reflected building concerns about the UK’s economic outlook but rather the impact of recent events in China. The FTSE 100 is comprised to a... 19th August 2015 · 1 min read
Global Markets Update How at risk are equities in Japan to events in emerging Asia? Although the yen has stayed weak against the US dollar, it has appreciated in trade-weighted terms in response to a slump in some emerging Asian currencies. Still, the yen’s real effective exchange... 19th August 2015 · 1 min read
Asia Economics Update Dong devaluation not part of Asian currency war Although today’s decision by the State Bank of Vietnam (SBV) to devalue the dong by a further 1% against the US dollar and widen the trading band was in part linked to China’s devaluation of the... 19th August 2015 · 1 min read
Emerging Markets Economics Update After the falls: where next for EM currencies? The most recent declines in emerging market currencies have been driven by renewed falls in global commodity prices, China’s ‘devaluation’ of the renminbi, and worries about the prospect of monetary... 18th August 2015 · 1 min read
