Emerging Europe Economics Update Can the bond rally last? Emerging European bonds have rallied over the past couple of months. In the case of Hungary and Turkey we are doubtful that it can be sustained, but in the Czech Republic and Poland, it may have... 9th August 2012 · 1 min read
Asia Economics Update Bank of Korea not done cutting rates The Bank of Korea (BoK) held its policy rate at 3.0% today. Nonetheless, we believe that global growth will continue to disappoint and that more policy stimulus will be needed soon to support Korea’s... 9th August 2012 · 1 min read
China Economics Update Economic rebound remains elusive China’s stimulus efforts are feeding a pick-up in infrastructure investment but recovery has not so far spread to the rest of the economy. 9th August 2012 · 1 min read
Japan Economics Update The economy is not “picking up moderately” The Bank of Japan left monetary policy unchanged at its August meeting, as was widely expected. However, it continues to state that the economy is “picking up moderately” despite the growing body of... 9th August 2012 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q2) Any adverse effects from the deepening recession appear to have been more than offset by lender forbearance, allowing the level of mortgage arrears to hold steady and fewer homes to be possessed in... 9th August 2012 · 1 min read
UK Housing Market Data Response CML Buy-To-Let Lending (Q2) Lending to the Buy-to-Let sector was rather stronger than for the mainstream market in the second quarter of this year. That seems consistent with reports that, although the strength of tenant demand... 9th August 2012 · 1 min read
UK Data Response Trade (Jun.) The latest UK trade data were pretty dreadful and we doubt that the extra bank holiday in June can take all of the blame. 9th August 2012 · 1 min read
Canada Chart Pack Canada's sub-par economic performance The below par 2% rate of Canadian GDP growth over the first half of this year must be a concern for policy makers, particularly when the chances are that growth will slow even further in the second... 9th August 2012 · 1 min read
US Economics Focus Household deleveraging on track Households may be two-thirds the way through the necessary deleveraging process. What’s more, a larger proportion of the remaining deleveraging will be achieved by incomes growing rather than debt... 9th August 2012 · 1 min read
Capital Daily Treasuries should continue to outperform US equities (just) 9th August 2012 · 1 min read
Non-Euro Europe Commercial Property Outlook Investor appetite for Emerging Europe to stay soft The euro-zone crisis already appears to be having a detrimental impact on economic growth across the rest of Europe and over the next two years, most non-euro-zone economies will experience a period... 8th August 2012 · 1 min read
Europe Commercial Property Outlook Euro-zone property to underperform The unfolding recession in the euro-zone has considerably further to run. And it does not bode well for commercial property. Occupier demand will weaken and most markets will see fresh falls in rental... 8th August 2012 · 1 min read
Global Markets Update What next after five years of credit crunch? Tomorrow marks the five year anniversary of the unofficial onset of the global credit crunch. For investors, the past half decade has been characterised by a very healthy US Treasury market, a... 8th August 2012 · 1 min read
China Economics Update Capital outflows still under control Fears about capital leaving China are overdone. Recent pressure on the People’s Bank to sell foreign exchange appears to be the result of greater willingness among Chinese firms to hold on to their... 8th August 2012 · 1 min read
Europe Economics Update Pressure on Greece continues to grow The Greek Government’s inability to agree on how to cut public spending highlights the ongoing fragility of the situation there. And with euro-zone policymakers still unwilling to concede any ground... 8th August 2012 · 1 min read
US Housing Market Update The housing recovery has not run out of steam already June’s sharp drop in home sales has lead to concerns that the recovery in housing market demand is already stalling. However, while job creation and GDP growth will remain lacklustre, the signs are... 8th August 2012 · 1 min read
