UK Markets Chart Pack Safe haven demand pushes gilt yields to record lows Long-run UK government bond yields have fallen to their lowest levels since records began in 1703 due to a further increase in global demand for safe-haven assets. This increase in demand has more... 11th May 2012 · 1 min read
Middle East & North Africa Economics Update Middle East Markets Monitor (May) Fresh hopes that some equity markets in the Middle East and North Africa (MENA) had turned a corner at the start of 2012 have quickly faded. Instead, attention has turned to Islamic bond markets... 9th May 2012 · 1 min read
DM Markets Chart Pack Risky assets run out of steam The US stock market paused for breath in April after a strong first quarter, while the yield on 10-year Treasuries declined by around 30bp – more than reversing the rise seen in March. The triggers... 2nd May 2012 · 1 min read
Asia Economics Update Where next for the Vietnamese dong? After a large devaluation early last year, the Vietnamese dong has been stable against the US dollar for the past 15 months. The fall in the trade deficit and easing inflation mean the currency is... 30th April 2012 · 1 min read
Global Markets Outlook Search for safe havens set to resume We think tougher times lie ahead for risky assets. Enthusiasm for equities is likely to be curbed by a turn in the US profit cycle, an absence of additional unconventional monetary stimulus from the... 26th April 2012 · 1 min read
China Economics Update What should we make of the widened renminbi band? The immediate impact of a wider renminbi trading band on the exchange rate will be small, we suspect, but the reform is an important signal of renewed momentum behind economic policy liberalisation. 16th April 2012 · 1 min read
UK Markets Chart Pack Confidence knocked by renewed euro-zone fears A reassessment of the likelihood of a default by a peripheral euro-zone sovereign, as well as some less encouraging news on the pace of the global economic recovery, has hit UK equities and prompted... 12th April 2012 · 1 min read
Middle East & North Africa Economics Update Markets Monitor (Apr.) Consistent with trends in other emerging markets, most of the Middle East’s stock markets have dropped back from the highs reached earlier this year. While Egypt’s fall is perhaps the most striking... 12th April 2012 · 1 min read
Middle East & North Africa Economics Focus Egypt devaluation: causes and likely consequences We think that a devaluation of the Egyptian pound is more likely than not, even if the government reaches an agreement with the IMF this month. The pound appears to be overvalued by around 15% to 25%... 5th April 2012 · 1 min read
DM Markets Chart Pack A month of two halves for Treasuries The 10-year US Treasury yield rose by more than 20bp in March. The catalysts for a significant sell-off in the first half of the month were another encouraging employment report, reassuring results... 3rd April 2012 · 1 min read
China Economics Update What difference would a wider RMB trading band make? The next major reform in China’s exchange rate policy is likely to be a widening of the renminbi’s daily trading band with the dollar. In this month’s China Watch, we consider the implications of such... 29th March 2012 · 1 min read
Nordic & Swiss Economics Focus Lessons from the Icelandic crisis Three years after entering a depression, Iceland has staged an impressive turnaround, which, on the face of it, bodes well for the peripheral euro-zone economies that have suffered from similar... 27th March 2012 · 1 min read
Europe Economics Focus Lessons from the Icelandic crisis Three years after entering a depression, Iceland has staged an impressive turnaround, which, on the face of it, bodes well for the peripheral euro-zone economies that have suffered from similar... 27th March 2012 · 1 min read
Latin America Economics Update What next for Brazil’s “currency war”? Brazil’s so-called “currency war” has lost a little of its momentum in recent days, as the real – like most EM currencies – has weakened. This provides an ideal opportunity to take stock of the recent... 23rd March 2012 · 1 min read
Nordic & Swiss Economics Update SNB’s support won’t rescue the Swiss economy The Swiss National Bank pledged to maintain its extremely supportive policy stance today, keeping interest rates as close to zero as possible and defending a minimum exchange rate of CHF 1.20 per euro... 15th March 2012 · 1 min read
Europe Economics Update SNB’s support won’t rescue the Swiss economy The Swiss National Bank pledged to maintain its extremely supportive policy stance today, keeping interest rates as close to zero as possible and defending a minimum exchange rate of CHF 1.20 per euro... 15th March 2012 · 1 min read
