Nordic & Swiss Data Response Swedish Consumer Prices (Jun.) & Riksbank Minutes June’s rise in Swedish CPIF inflation entirely reflected higher energy inflation. But with domestic price pressures building, and the latest minutes showing that Riksbank officials are increasingly... 12th July 2018 · 1 min read
Asia Economics Update Korea holds rates, imminent tightening unlikely The Bank of Korea (BoK) kept its policy rate on hold at 1.50% today, and while there was a dissenter favouring a rate hike, rising downside growth risks, benign inflation and limited external... 12th July 2018 · 1 min read
Japan Chart Pack Economy returned to growth in Q2 The contraction in output in the first quarter was just a blip. The available activity data suggest that the economy returned to growth in the second quarter. But growth won’t be as strong this year... 12th July 2018 · 1 min read
Global Economics Update Could Trump withdraw from the WTO? President Donald Trump would probably struggle to pull the US out of the WTO on his own. But unless Congress starts taking a tougher stance against his protectionist urges, the continued use of... 11th July 2018 · 1 min read
Emerging Markets Trade Monitor Trump’s latest tariffs up the stakes for EMs The size of the Trump administration’s latest proposed tariffs on imports from China – and the fact that neither side seems willing to back down – suggests that we’re moving towards a stage where... 11th July 2018 · 1 min read
Global Economics Update Monetary Indicators Monitor (Jul.) Global monetary and credit conditions should remain supportive of GDP growth in the near term, even though the stock of assets purchased under “global” QE programmes is close to peaking. 11th July 2018 · 1 min read
Canada Economics Update Bank hikes and adopts a somewhat hawkish tone Alongside its decision to raise the key policy rate from 1.25% to 1.50%, the Bank of Canada maintained a fairly hawkish tone in its policy statement. While this suggests that the Bank intends to raise... 11th July 2018 · 1 min read
US Housing Market Chart Pack House price growth slows as demand weakens The recent drop in home buying sentiment, partly driven by concerns that prices are too high, is now evident in lackluster mortgage applications for home purchase. Applications fell 0.4% m/m in June... 11th July 2018 · 1 min read
Energy Data Response US Weekly Petroleum Status Report Inventories of crude oil plunged last week due to a slump in net imports. What’s more, it seems likely that the rate of growth in US crude production has slowed recently, which, if sustained, could... 11th July 2018 · 1 min read
Emerging Europe Economics Update Polish policymakers are the only doves left in town Poland’s MPC bucked the regional trend today by retaining its ultra-dovish stance. However, we think that Polish policymakers will soon start to follow their neighbours. Inflation is likely to rise... 11th July 2018 · 1 min read
OPEC Watch OPEC Monthly Oil Market Report (June) We think that OPEC’s production is likely to rise significantly over the next couple of months. That said, it could fall back later in the year as output from Iran is curtailed and Venezuelan... 11th July 2018 · 1 min read
Asia Economics Update The impact of Trump’s China tariffs on the rest of Asia US plans to impose tariffs on an additional $200bn of Chinese imports represent a marked escalation of the ongoing trade tensions between the US and China. The tariffs would have knock-on effects on... 11th July 2018 · 1 min read
Europe Commercial Property Update High income returns positive for Brussels offices A positive economic outlook for Belgium and a shortage of available Grade A stock bode well for office rents in Brussels. Foreign investors, in particular, are increasing exposure to the market as it... 11th July 2018 · 1 min read
Middle East & North Africa Economics Update Saudi economy lost momentum at the start of Q2 Our GDP Tracker suggests that Saudi Arabia’s economy slowed a touch in April, but we think that this will prove temporary. Growth is likely to pick-up sharply over the coming months as the Kingdom... 11th July 2018 · 1 min read
India Economics Update Healthcare insurance scheme will have limited impact In principle, Prime Minister Modi’s plan to introduce a health insurance scheme could bring numerous benefits, including from a narrow economic perspective. But the government is allocating very... 11th July 2018 · 1 min read
