Asia Economics Update Australian GDP surges in Q1, but growth has probably peaked Australia’s economy grew far more quickly than expected in Q1. A global slowdown and a strong currency have taken its toll on exports, but the domestic economy is being bolstered by an investment boom... 6th June 2012 · 1 min read
Canada Economics Update Bank of Canada back in dovish mode The Bank of Canada's policy statement, while keeping its policy rate at 1.00%, backed off from the suggestion in the previous statement that interest rates may need to rise. The Bank is now more... 5th June 2012 · 1 min read
Asia Economics Weekly Asia’s manufacturers struggling amid global slowdown The latest Purchasing Manager Indices suggest that Asia’s manufacturers are feeling the effects of turmoil in Europe and a slowdown in China. With the data also indicating that inflationary pressures... 4th June 2012 · 1 min read
Europe Economics Weekly Are we too optimistic on the euro? Recent developments in the euro-zone have raised the question of whether our central scenario of a limited form of currency union break-up - involving the departure of Greece and one or two of the... 4th June 2012 · 1 min read
Canada Economics Weekly Underlying inflation likely to turn down Although underlying inflation appears to have drifted higher over the last several months, this trend still remains well within the central bank's inflation target range. Recent movements in commodity... 4th June 2012 · 1 min read
US Economics Weekly Banks benefiting from falling loan defaults The economy's recent performance looks better if we measure it using aggregated incomes rather than expenditures. Gross domestic income increased by 2.7% annualised in the first quarter, easily... 4th June 2012 · 1 min read
Japan Economics Weekly How exposed are Japanese banks to the periphery? With the crisis in the euro-zone escalating further, in this Weekly we use Bank for International Settlement figures to assess how exposed Japanese banks are to the euro-zone periphery economies. 4th June 2012 · 1 min read
UK Economics Weekly A 'knees-up' for the economy? The Queen’s Diamond Jubilee celebrations from 2nd to 5th June offer some escape from the recent bad news, and may boost consumer spirits and spending. But the additional bank holiday is likely to... 4th June 2012 · 1 min read
US Data Response ISM Manufacturing Index (May) The modest decline in the ISM manufacturing index, to 53.5 in May from 54.8 the month before, was probably a lot better than most people had fearedafter the weak payrolls data and the sharp declines... 1st June 2012 · 1 min read
DM Markets Chart Pack High-grade bond yields plunge to record lows The 10-year US Treasury yield fell by more than 35bp in May, hitting a record low of less than 1.6% as investors sought refuge in high-grade government bonds. The main trigger for the rally was a... 1st June 2012 · 1 min read
Canada Data Response GDP (Q1 2012) Canada's 1.9% annualised first-quarter GDP growth was somewhat stronger than we had estimated (+1.6%), though it fell short of the 2.5% growth that the Bank of Canada had expected in its April... 1st June 2012 · 1 min read
Latin America Economics Update Brazil Q1 GDP dragged down by weather-related effects A weather-related collapse in agricultural production is the main reason for Brazil’s desperately weak growth in the first quarter of this year. These effects will be temporary and should reverse over... 1st June 2012 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Investors shun Emerging Europe in the first quarter Most of the non-euro-zone European economies grew in Q1 2012. However, economic sentiment has been below normal in a majority of these countries and property investment volumes fell sharply in CEE in... 1st June 2012 · 1 min read
US Data Response Employment Report (May) May's employment report clearly suggests that labour market conditions are deteriorating again, which will undoubtedly prompt more speculation that QE3is coming soon. Non-farm payrolls increased by... 1st June 2012 · 1 min read
UK Markets Outlook UK markets still underestimate euro-zone risks The euro-zone debt crisis has already had a significant impact on UK markets. Even so, we doubt that markets have fully priced in the likely economic effects that would stem from the partial breakup... 1st June 2012 · 1 min read
