DM Markets Chart Pack Prospect of QE3 whets investors' appetite The prospect of further unconventional policy stimulus from the Fed and a summer lull in the euro-zone crisis supported risky assets in August. Nonetheless, we expect any extra boost to prices from... 3rd September 2012 · 1 min read
Commodities Chart Pack Support from QE3 to be short-lived Commodity prices were supported in August by expectations of additional quantitative easing in the US, but economic activity has remained weak or even worsened. Yet more purchases of US Treasuries or... 3rd September 2012 · 1 min read
Latin America Economics Update Brazil manufacturing still stagnating The Manufacturing PMI survey for Brazil continued its steady improvement in August, but remains at levels broadly consistent with a stagnation in industrial production. To compound matters, last month... 3rd September 2012 · 1 min read
Japan Economics Update Disappointing investment survey suggests weaker growth The acceleration in business capital spending revealed by the Ministry of Finance’s (MoF) investment survey was not enough to impress markets. Indeed, the headline annual figure is flattered by... 3rd September 2012 · 1 min read
Japan Economics Update Disappointing investment survey suggests weaker growth The acceleration in business capital spending revealed by the Ministry of Finance’s (MoF) investment survey was not enough to impress markets. Indeed, the headline annual figure is flattered by... 3rd September 2012 · 1 min read
Asia Economics Focus Demographics will not determine Asia’s future Demographic trends are turning much less favourable in many countries across Asia. Nevertheless, this is unlikely to be the end of the region’s growth miracle that many commentators have claimed it... 3rd September 2012 · 1 min read
BoE Watch Dismal growth picture suggests more stimulus likely With the £50bn of extra asset purchases announced in July still underway, there is no immediate pressure on the MPC to do more this month. Nonetheless, the increasing sense of gloom about the UK’s... 3rd September 2012 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Aug.) The latest fiscal data suggest that most of the peripheral economies will struggle to meet their budget deficit targets for 2012 without implementing further austerity measures. 3rd September 2012 · 1 min read
Emerging Europe Economics Update Little respite for manufacturing in Central Europe While manufacturing in Emerging Europe does not seem to have collapsed to the same extent as in Western Europe, August’s PMIs remain at levels consistent with a recession in industry in Poland and the... 3rd September 2012 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Aug.) While the activity balances of August’s CIPS/Markit report on manufacturing recovered from July’s extremely weak levels, they remained consistent with ongoing recession in the industrial sector. 3rd September 2012 · 1 min read
Asia Economics Update Regional manufacturing set for prolonged weakness The August PMIs showed that Asia’s manufacturers are continuing to struggle. With global demand set to remain weak, we see little prospect of a strong recovery. However, policy loosening should... 3rd September 2012 · 1 min read
UK Economics Update Respite in bad debts unlikely to last Recent evidence suggests that households are finding it a bit easier to cope with their high levels of debt. However, this is unlikely to last if unemployment rises as we expect. 3rd September 2012 · 1 min read
China Data Response Manufacturing PMIs (Aug.) China’s two manufacturing PMIs both dropped in August to their lowest levels since November last year. Small firms are struggling, which is no great surprise. But large firms are finding conditions... 3rd September 2012 · 1 min read
UK Economics Weekly Squeeze on real incomes to last even longer Hopes that a summer packed full of sporting and cultural events would boost consumer spending have been dampened by the weaker run of data over the past week or so. What’s more, the recent rise in... 3rd September 2012 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Aug. 12) This month’s strong rise in house prices is something of a surprise, given the weak level of activity in the housing market and economy more generally. It is therefore unlikely that price rises will... 31st August 2012 · 1 min read
