UK Economics Chart Pack Few signs of election uncertainty undermining recovery Although GDP posted its smallest quarterly rise since 2012 in the first quarter of this year, we doubt that the economy is on the cusp of a renewed slowdown. The business surveys suggest that Q1’s 0.3... 6th May 2015 · 1 min read
Europe Chart Pack Euro-zone outperformance will be short-lived The euro-zone economy looks likely to have outgrown both those of the US and UK in the first quarter of the year, for the first time since Q1 2011. But the outperformance looks set to be short-lived... 6th May 2015 · 1 min read
Global Markets Update Four reasons to worry about the UK election The UK general election on Thursday is the most hotly contested in recent history. There are many plausible outcomes, most of which present different threats to the UK’s financial markets. We review... 6th May 2015 · 1 min read
Commodities Update Agricultural prices facing more US dollar headwinds The appreciation of the US dollar since the middle of last year has been a contributing factor in the general decline in agricultural commodity prices. In this Agricultural Commodities Watch we look... 1st May 2015 · 1 min read
Australia & New Zealand Economics Weekly The RBA’s dilemma laid bare The Reserve Bank of Australia can’t have its cake and eat it. The only way to ensure that the Australian dollar weakens, which would support the real economy, is to reduce interest rates further, but... 1st May 2015 · 1 min read
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
