Middle East & North Africa Data Response Egypt Consumer Prices (Aug.) The rise in Egyptian inflation to 14.2% y/y last month, coupled with the backdrop of the recent sell-off in EM financial markets, means that the central bank will probably leave interest rates... 10th September 2018 · 1 min read
Nordic & Swiss Data Response Norwegian Consumer Prices (Aug.) Following August’s increase in core inflation to a 19-month high, the Norges Bank is almost certain to raise interest rates at next week’s meeting. But policymakers remain cautious about the impact of... 10th September 2018 · 1 min read
Emerging Europe Data Response Turkey GDP (Q2 2018) The Turkish economy grew at a strong pace of 5.2% y/y in Q2 but the monthly activity data show that there was a loss of momentum towards the end of the quarter. More timely figures point to a steep... 10th September 2018 · 1 min read
Nordic & Swiss Economics Weekly Swedish election not a game-changer The latest opinion polls suggests that Sunday’s general election in Sweden will be a close call. But the outcome of the vote is unlikely to significantly alter the outlook for the economy or monetary... 7th September 2018 · 1 min read
Canada Economics Weekly Bank of Canada plays down trade risks While the Bank of Canada this week acknowledged the uncertainty created by the ongoing NAFTA negotiations, it also played down the risks of a further deterioration in trade relations. However, given... 7th September 2018 · 1 min read
Europe Economics Weekly Weak activity data not a sign of things to come The latest official data on activity in the euro-zone have been fairly weak, but the timelier survey indicators paint a more positive picture. Meanwhile, Italian bond yields have fallen recently... 7th September 2018 · 1 min read
Commodities Weekly Little to cheer in commodities markets The prices of most commodities fell this week on persistent concerns about the negative impact of rising protectionism on demand. A softer unofficial August China manufacturing PMI reading on Monday... 7th September 2018 · 1 min read
Capital Daily Friday’s sell-off in Treasuries is probably a sign of things to come 7th September 2018 · 1 min read
US Economics Weekly Are the ISM surveys too good to be true? The ISM surveys released this week suggest that the economy is set for another quarter of growth above 4% annualised. We suspect that will prove a little too optimistic, but the bottom line is that... 7th September 2018 · 1 min read
Non-Euro Europe Commercial Property Outlook Structural changes favour the industrial sector Rates of rental and capital value growth are set to slow in Scandinavia and Switzerland, but Copenhagen industrial property still looks attractive. Total returns will be higher in Emerging Europe... 7th September 2018 · 1 min read
UK Economics Weekly Reassuring PMIs, stubborn inflation, but rates on hold Following a weak run of data, evidence that the services sector continued to grow at a robust pace in August provided some reassurance that economic growth will maintain a steady pace for the... 7th September 2018 · 1 min read
Europe Commercial Property Outlook Yield compression all but done The pace of economic growth in the euro-zone economy appears to have peaked in this cycle. At the same time, commercial property markets look to be plateauing as investment volumes track sideways and... 7th September 2018 · 1 min read
Canada Data Response Labour Force Survey (Aug.) Although August’s sharp drop in employment simply reversed July’s gain, the concentration of losses in high-wage service jobs and construction is concerning. Coupled with a further slowdown in... 7th September 2018 · 1 min read
UK Commercial Property Data Response IPF Consensus Forecasts The IPF Consensus have revised up their forecast for capital value growth. As a result, the outlook for total returns in 2018 has been pushed higher. Beyond the next few months, however, the Consensus... 7th September 2018 · 1 min read
US Data Response Employment Report (Aug.) The 201,000 rise in non-farm payrolls in August all-but guarantees that the Fed will raise interest rates later this month, particularly as wage growth reached a nine-year high. 7th September 2018 · 1 min read
Latin America Data Response Mexico & Chile Consumer Prices (Aug.) The third consecutive monthly rise in Mexican inflation was driven by higher energy inflation, and is unlikely to spook Banxico. Accordingly, assuming the peso holds up reasonably well between now and... 7th September 2018 · 1 min read
