Global Markets Update Renewed yen weakness and Nikkei strength lie ahead We remain positive on the outlook for Japanese equities and negative on the yen, despite the Bank of Japan’s failure to announce additional monetary stimulus today. 30th April 2015 · 1 min read
India Economics Update Rupee weakness unlikely to concern policymakers The rupee was one of the worst performing EM currencies against the US dollar in April, but we doubt that this will cause panic among India’s policymakers. Over a longer time horizon the rupee remains... 30th April 2015 · 1 min read
Asia Economics Update Asian currencies regain lost ground Most currencies in Emerging Asia recovered some ground against the US dollar in April as investors pushed back their expectations for rate hikes in the US. Equity markets also started the month... 30th April 2015 · 1 min read
China Economics Update New account openings add fire to rally in equities Chinese equities have continued to surge, helped by a further jump in new account openings. Although equity prices are looking increasingly divorced from economic fundamentals, with policymakers set... 30th April 2015 · 1 min read
Asia Economics Weekly How fragile is Malaysia? Given that Malaysia is Emerging Asia’s largest net energy exporter it is no surprise that the ringgit has been the region’s worst performing currency over the last nine months. Now that oil prices... 30th April 2015 · 1 min read
Asia Chart Pack Slow out of the blocks Emerging Asia has made a weak start to the year. The headlines have been grabbed by China's slowdown but, a few positive signs from India aside, there has been little cause for cheer around the rest... 29th April 2015 · 1 min read
Latin America Economics Update Lat Am currencies find their feet Following an extended period of weakness, it appears that Latin America’s currencies have finally started to find their feet. Most have been broadly flat against the dollar so far this month, while... 28th April 2015 · 1 min read
Middle East & North Africa Economics Update Equities in the Gulf rebound as Yemen fears ease While the crisis in Yemen has dragged on, stock markets in the Gulf have rebounded in the past month as fears that it could trigger a broader regional conflict have eased. 28th April 2015 · 1 min read
Emerging Europe Chart Pack Russia’s economy slumps, growth weakens in Turkey The region’s two largest economies – Russia and Turkey – have continued to struggle over the past month. Russia’s economy appears to have contracted sharply by around 3% y/y in Q1. Meanwhile, we... 27th April 2015 · 1 min read
Middle East & North Africa Chart Pack Region’s politics take another twist The conflict in Yemen and an outline nuclear agreement between Iran and the West has thrust the region’s politics back into the spotlight. Although it looks like problems in Yemen are likely to drag... 23rd April 2015 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Apr.) April’s fall in the euro-zone composite PMI suggested that fears over Greece might already be starting to dampen economic growth in the region, offsetting any boost from loose monetary policy and the... 23rd April 2015 · 1 min read
Emerging Markets Economics Chart Pack EM growth sinks as BRICs woes deepen EM growth appears to have sunk to a post-crisis low of around 4% y/y in the first quarter of this year, driven in large part by a deepening downturn in the BRICs. China has grabbed most of the... 23rd April 2015 · 1 min read
UK Markets Chart Pack Markets underestimating potential election impact On the whole, the consensus view in the markets still appears to be that the result of the general election will not have major consequences for UK asset prices. If markets had become concerned, then... 22nd April 2015 · 1 min read
India Economics Update Equity rally losing steam After touching record highs in early March, Indian equities have fallen back in recent weeks. Looking ahead, with valuations still looking stretched and uncertainty over the government’s tax policy... 22nd April 2015 · 1 min read
Europe Economics Update Can Greece default and stay in the euro? Suggestions that Greece can default but remain inside the euro-zone overlook the fact that Greece needs both a very large debt write-down and a more competitive currency. 21st April 2015 · 1 min read
Emerging Markets Economics Update The implications of a fall in EM dollar GDP There is a good chance that emerging market GDP, measured in dollar terms, will fall this year. But while this will weigh on investors’ dollar-denominated returns and could raise debt burdens in EMs... 21st April 2015 · 1 min read
