Chart of the Week 26th April 2023

The EZ Brushed Away Banking Troubles in April

Chart of the Week 15th March 2023

The ECB will stick to the plan of a 50bp hike this week

Chart of the Week 16th November 2022

How will Germany's yield curve un-invert?

Chart of the Week 11th Jan 2023

U.S. wage growth is looking less threatening for the Fed

Chart of the Week 4th Jan 2023

Real M1 growth in the EZ is plunging

Chart of the Week 21st December 2022

Longer-for-tighter ECB policy will hit EZ GDP growth

Chart of the Week 1st March 2023

The German recession is still on

Chart of the Week 22nd Feb 2023

China's top brass wants more consumption; will they get it?

Chart of the Week 14th December 2022

Here comes a raft of 50bp hikes

Chart of the Week 26th October 2022

Here comes another 75bp from the ECB

Chart of the Week 21st Sept 2022

The BoE will stick to 50bp this week

Chart of the Week 8th Feb 2023

Brazil's central bank will be cutting rates in H2

Chart of the Week 15th Feb 2023

Brazil's central bank will be cutting rates in H2

EZ Webinar March 2024: How Far Will the ECB Cut Rates?

How Far Will the ECB Cut Rates?

EZ Webinar February 2024: Will the SNB Beat the ECB to it on Rate Cuts?

Switzerland Focus: Will the SNB Beat the ECB to it on Rate Cuts?

EZ Webinar December 2023: When Will the ECB's Message Shift?

EZ Webinar December 2023: When Will the ECB's Message Shift?

WHAT NOW FOR THE ECB AND INTEREST RATES IN THE EZ? PM EUROZONE WEBINAR, 19 SEPTEMBER 2023

WHAT NOW FOR THE ECB AND INTEREST RATES IN THE EZ?

Eurozone Webinar July 2023: What is the ECB's reaction functions?

What is the ECB's reaction functions?

PM Eurozone Webinar July 2023: Will Italy and Spain Continue To Outperform?

Will Italy and Spain Continue to Outperform?

Eurozone Webinar May 2023: Is The ECB Done?

Is The ECB Done?

EZ Webinar April 2024: What is the Link Between EZ Wage Growth & Inflation?

What is the Link Between EZ Wage Growth & Inflation?

Eurozone Webinar May 2022: How Will EZ Policymakers Respond To Stagflation?

Eurozone Webinar by Claus Vistesen and Melanie Debono

Eurozone Webinar September 2022: High Inflation Is Forcing The ECB Into Shock And Shock And Awe; When Is The Pivot?

Eurozone Webinar with Claus Vistesen

Eurozone Webinar March 2023: The ECB Is Still Focused On Rising Core Inflation; Is It Making A Policy Error?

The ECB Is Still Focused On Rising Core Inflation; Is It Making A Policy Error?

February 2023 - China+ Chartbook

January 2024 - China+ Chartbook

December 2023 - China+ Chartbook

- CHINA PRIORITISES RESTRUCTURING OVER GROWTH - FALLING INFLATION SHOULD DELAY BOJ TIGHTENING- BOK WORRIED ABOUT HIGH HOUSEHOLD DEBT

November 2023 - China+ Chartbook

October 2023 - China+ Chartbook

March 2024 - China+ Chartbook

CHINA+ DATA WRAP 3 NOVEMBER 2023: China's services sector rebound is stalling

China's services sector rebound is stalling

EM Asia Datanote: WPI, India, September

In one line: Upstream core deflation is clearly bottoming out.

EM Asia Datanote: Retail Sales, Thailand, September

In one line: Signs of life in the lead-up to Q4.

Global Datanote: Industrial Production, India, September

In one line: A broad-based moderation, as favourable base effects reverse partially.

EM Asia Datanote: Industrial Production, India, September

In one line: A broad-based moderation, as favourable base effects reverse partially.

PM Datanote: U.S. Housing Starts, September

The rebound in construction activity is already petering out.

PM Datanote: U.S. Industrial Production, September

Rebounding, albeit very gradually.

PM Datanote: U.S. Retail Sales, September

A strong finish to Q3, but the headwinds are building.

PM Datanote: US Chicago PMI, March

Disappointing but not definitive.

Global Datanote: Final PMIs, Eurozone, January

In one line: The periphery saves the day.

EZ Datanote: Final PMIs, Eurozone, January

In one line: The periphery saves the day.

EZ Datanote: EC Sentiment, Eurozone, October 2023

In one line: More confirmation that weakness spread into Q4.

EZ Datanote: Final Manufacturing PMI, EZ, January 2024

In one line: Recession in industry appears to have found a floor.

PM Datanote: US CPI, March

Ouch. June is now a much longer shot.

EM Asia Datanote: CPI, Taiwan, March

In one line: Festive demand-driven increases unwind.

PM Datanote: US Empire State Survey: Too volatile to make us fear a renewed downturn in manufacturing

Too volatile to make us fear a renewed downturn in manufacturing.

PM Datanote: US PPI: Goods disinflation continues; margins and other services still sticky

Goods disinflation continues; margins and other services still sticky.

PM Datanote: US Univ. of Michigan Consumer Sentiment, April prelim

Still high, but likely peaked

EM Asia Datanote: WPI, India, March

In one line: A simultaneous easing in manufactured products and fuel & power deflation.

PM Datanote: US Retail Sales, March

Consumption is still booming...for now

PM Datanote: US Industrial Production, March

Encouraging, but too soon to call a real recovery

EM Asia Datanote: Retail Sales, Taiwan, March

In one line: Post-festive spending fatigue hits growth.

PM Datanote: US Jobless Claims, March 30

Edging up, despite generous seasonals.

PM Datanote: US University of Michigan Consumer Sentiment, March

Still consistent with resilient growth in consumption, for now

PM Datanote: US Weekly Jobless Claims, March 2

The only way is up

PM Datanote: US Consumer Confidence, March

Further signs of a consumer slowdown.

Global Datanote: Final PMIs, Eurozone, November 2023

In one line: Upward revision not a game changer.

EZ Datanote: Final PMIs, Eurozone, November 2023

In one line: Upward revision not a game changer.

China+ Datanote: Current Account Balance, China, Q4

China's current account surplus fell again in Q4, to just 1.5% of GDP

EZ Datanote: Final Manufacturing PMI, EZ, March 2024

In one line: Still touch and go for the recovery in EZ industry.

Global Datanote: Final Manufacturing PMI, EZ, March 2024

In one line: Still touch and go for the recovery in EZ industry.

Global Datanote: Final Manufacturing PMIs, Eurozone, October 2023

In one line: No end in sight for the recession in EZ manufacturing.

EZ Datanote: Final Manufacturing PMIs, Eurozone, October 2023

In one line: No end in sight for the recession in EZ manufacturing.

PM Datanote: Chicago PMI

Manufacturing still in the doldrums

EZ Datanote: Sentix, Eurozone, December 2023

In one line: A modest rise, but still consistent with upside risks for the PMI.

PM Datanote: U.S. Consumer Confidence/Chicago PMI

Consumers' confidence likely to rebound from here; the manufacturing recovery is stalling.

PM Datanote: CPI Annual Seasonal Revisions

All that excitement for nothing.

EZ Datanote: Industrial Production, EZ, January 2024

In one line: Distorted by the Irish data, again.

EZ Datanote: ESI, EZ, January 2024

In one line: The recovery will be slow coming.

PM Datanote: Advance GDP, Mexico, Q4

In one line: A soft end to the year, and H1 looks difficult; rate cuts are needed.

EZ Datanote: EZ Money Supply, EZ, December 2023

In one line: Fall in M1 is fading.

PM Datanote: GDP, Q4 advance

Inflation matters more than the GDP overshoot, and it looks great.

EZ Datanote: GDP & Employment, Eurozone, Q3

In one line: We think GDP will fall again in Q4; surveys suggest robustness in employment growth will not last.

PM Datanote: U.S. GDP, Q3 Advance

Headline obscures weak capex; Q4 GDP growth will be weaker