Philip Shaw
Philip Shaw
again although caution early happen inflation interest next rates until view
This underpins our view that interest rates will have to come down again although the MPC caution on inflation suggests that's not going to happen until early next year.
balance expect hold inflation last likely month news past rates remain report steady strong turned
Last month's inflation report was about as strong an endorsement of steady rates as one is likely to see. The balance of news has turned around significantly over the past month and we now expect rates to remain on hold at 4.5% for the remainder of the year.
inflation last likely rates report steady strong
Last month's inflation report ... (was) about as strong an endorsement of steady rates as one is likely to see.
although bit fall inflation month next numbers picking signs time wage
The fall in unemployment is a bit of a surprise. There are no signs for the time being that wage inflation is picking up although the numbers next month will be critical.
background bag despite figures general higher inflation input low mixed output price quite remains striking
The figures are a mixed bag but what's quite striking is how low output price inflation remains despite the general background of higher input costs.
corporate nervous seen trading worst
We will see nervous trading ahead, as we have seen from Cisco that the worst is not yet over for corporate earnings.
action case european fear investors panic sell weaker
It was a case of the panic being overdone, ... U.S. institutional investors were going to sell their European assets, but the coordinated action removed the fear about a weaker euro.
activity demand driving high month reflects street strength turn weather winter
The strength of high street activity during the month (November) reflects an abrupt turn in the weather driving demand for winter wear.
areas certain children key later peak reached relatively several thin thinner
And we find the most intelligent children started off with a relatively thin cortex, but it then got thicker relatively rapidly, reached its peak thickness in certain key areas several years later but then also got thinner quicker.
confusion familiar individual time
There's still a lot of confusion about what the sectors mean. I think it's going to take some time for the individual analysts to become familiar with their new companies.
continued driving factor iraq main
Continued developments in Iraq will be the main factor driving markets.
chances hike next virtually week
We think the chances of a hike next week are virtually zero.
act boom december gone january marks retail slow spencer uk
Marks & Spencer has got its act together, ... There has been a UK retail boom in December but January has gone off to a slow start.
bang line market
The announcement was bang in line with market expectations.