Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Jan. 2024) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. Central banks in both Australia and New Zealand are likely to remain in “wait... 18th January 2024 · 1 min read
Australia & New Zealand Rapid Response Australia Labour Market (Dec. 2023) 18th January 2024 · 4 mins read
UK Housing Market Rapid Response RICS Residential Market Survey (Dec. 23) Market was picking up even before latest slide in mortgage rates The December RICS Housing Market survey showed sales volumes rising and buyer demand recovering even before the further sizeable drop... 18th January 2024 · 3 mins read
Bank of Canada Watch Rate cuts are coming, albeit a little later The acceleration in the CPI-trim and CPI-median measures of core inflation in December suggests the Bank of Canada will maintain a hawkish tone next week, but those measures are arguably overstating... 17th January 2024 · 6 mins read
Global Markets Focus Why we expect the S&P 500 to soar in 2024 This Global Markets Focus explains why we expect the S&P 500 to soar in 2024, in contrast to those who anticipate a much tougher year for the index after a banner 2023. In view of the wider interest... 17th January 2024 · 16 mins read
US Housing Market Chart Pack US Housing Market Chart Pack We anticipate that mortgage rates will continue to fall in 2024, but more gradually than they have recently from 6.8% now to 6.25% by the end of the year. That won’t be enough to bring a great deal of... 17th January 2024 · 1 min read
US Rapid Response Industrial Production (Dec.) The muted rise in manufacturing output in December shows that the sector continues to struggle, even as consumption growth remains strong. 17th January 2024 · 1 min read
US Rapid Response US Retail Sales (Dec.) The 0.6% m/m rise in retail sales in December may have been supported by the unseasonably mild weather, but it still means there is no sign that households are buckling under the pressure of higher... 17th January 2024 · 2 mins read
UK Economics Rapid Response UK Consumer Prices (Dec. 2023) The unexpected rise in CPI inflation from 3.9% in November to 4.0% in December (consensus and CE forecast 3.8%) is disappointing. But we still expect favourable base effects and a fall in utility... 17th January 2024 · 3 mins read
Japan Chart Pack Japan Chart Pack (Jan. 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. We expect GDP growth to slow to a crawl this year, weighed down by weak consumption growth and... 17th January 2024 · 1 min read
Australia & New Zealand Economics Focus Stubborn rental inflation won’t prevent RBA rate cuts In recent months, there have been growing concerns that the rapid rise in rental inflation will force the Reserve Bank of Australia to keep rates higher for longer. To be sure, leading indicators... 17th January 2024 · 15 mins read
Canada Economics Update Canada Housing Watch (Jan.) The decline in mortgage rates appears to be supporting demand, with home sales rebounding last month. While prices continued to fall in December, the sales-to-new listing ratio is now pointing to... 16th January 2024 · 3 mins read
US Commercial Property Update Industrial to join offices as worst-performing sector We are downbeat on industrial total returns over the next two years compared to the consensus because of our relatively pessimistic views on both rents and cap rates. And we think the risks to long... 16th January 2024 · 3 mins read
Canada Rapid Response Canada Consumer Prices (Dec.) Although the rise in headline inflation in December was mainly due to gasoline price base effects, the more worrying development is that the CPI-trim and CPI-median core measures both rose by a larger... 16th January 2024 · 2 mins read
US Commercial Property Rapid Response Commercial Property Lending (Dec) Net lending on commercial real estate (CRE) by banks was positive again in December, rising by $4.2bn in the month. (See Table 1.) That said, the monthly change was broadly in line with the average in... 16th January 2024 · 3 mins read
UK Economics Rapid Response UK Labour Market (Nov./Dec. 2023) Another big drop in wage growth in November supports our view that domestic inflationary pressures are fading fairly fast. But the ongoing tightness of the labour market will probably mean that the... 16th January 2024 · 3 mins read
