from MacroScope:

Post-Lehman shadows creeping up on German economy again?

October 10, 2014

Germany's Minister of Finance Wolfgang Schauble speaks during a discussion during the World Bank/IMF annual meetings in Washington

The recent stretch of dire economic data from Germany is starting to bear an unfortunate resemblance to late 2008 – when Lehman Brothers collapsed and the world tipped into the worst recession since the Great Depression.

from MacroScope:

A long haul

By Mike Peacock
September 24, 2014

U.S. Navy handout shows EA-6B Prowler attached to the Garudas of Electronic Attack Squadron 134 landing aboard the aircraft carrier USS George H.W. Bush after conducting strike missions against Islamic State targets, in the Gulf

Having largely sailed through this year’s choppy (to say the least) geopolitical waters, markets are a little discomfited by U.S. air strikes in Syria targeting Islamic State militants ... though only a little.

from MacroScope:

Britain’s export recovery looking a little more elusive

August 1, 2014

It looks like Britain might have to wait a while longer before its much-touted export recovery materialises.

from Data Dive:

Manufacturing and consumer spending edge up

March 3, 2014

Two reports out today suggest economic growth has been moderate in the US since the beginning of the year. Consumer spending rose more than expected in January, according to the Commerce Department, likely because of high demand for heating.

from MacroScope:

Oh là là, quelle surprise for the French economy

February 14, 2014

French economic growth unexpectedly picked up to 0.3 percent in the final three months of last year, welcome news and a rare positive shock for some particularly gloomy forecasters who were looking for shrinkage or no growth at all.

from Data Dive:

US sees moderate manufacturing growth in January

February 3, 2014

US manufacturing grew last month, although not as much as it had in the previous month. The US Manufacturing Purchasing Managers Index (PMI), compiled by Markit, fell to 53.7 in January from an 11-month high of 55.0 in December. Anything above 50 indicates expansion.

from Global Investing:

Perfect storm brewing for the rouble

December 2, 2013

A perfect storm seems to be brewing for the Russian rouble. It has tumbled to four-year lows against a euro-dollar basket. Against the dollar, it has lost around 7 percent so far this year, faring better than many other emerging currencies. But signs are that next year will bring more turmoil.

from Global Investing:

Emerging equities: out of the doghouse

October 18, 2013

Emerging stocks, in the doghouse for months and months, haven't done too badly of late. The main EM index,  has rallied more than 11 percent since its end-August troughs, outgunning the S&P 500's 3 percent rise in this period. Bank of America/Merrill Lynch strategist Michael Hartnett reminds us of the extreme underweight positioning in emerging stocks last month, as revealed by his bank's monthly investor survey.  Anyone putting on a long EM-short UK equities trade back then would have been in the money with returns of 540 basis points, he says.

from MacroScope:

History suggests rocketing British growth won’t last long

September 4, 2013

Britain’s economy is steaming ahead - by one measure faster than any other large developed or emerging economy – but history suggests it will struggle to sustain the rapid growth indicated in business and confidence surveys.

from MacroScope:

Turning up?

By Mike Peacock
September 2, 2013

Manufacturing PMI surveys for euro zone countries and Britain will be the latest litmus test of the durability of fledgling economic recoveries.