Europe Commercial Property Valuation Monitor Europe Commercial Property Valuation Monitor (Q1 2026) Commercial property valuations held steady in Q4, with falling equity dividend yields offsetting rising government bond yields. Looking ahead, falls in western European government bond yields this... 17th February 2026 · 0 mins read
Europe Rapid Response Swiss Flash GDP (Q4 2025) The 0.2% q/q rise in sporting event adjusted GDP in Q4 was a bit smaller than we expected (+0.5%). This may be partly because the 39% tariff imposed on Switzerland by the US was only reduced to 15%... 16th February 2026 · 2 mins read
Europe Economics Weekly Bundesbank embracing joint borrowing? Comments by Bundesbank President Joachim Nagel this week suggest the German central bank has abandoned its long-standing opposition to EU joint borrowing. But while we might see some more jointly... 13th February 2026 · 7 mins read
Europe Rapid Response Swiss CPI (January) Swiss inflation remained at 0.1% in January and we expect it to undershoot the consensus forecast and stay around zero for the rest of the year. Combined with the strength of the franc, we think this... 13th February 2026 · 2 mins read
Capital Daily Norway no canary in the European sovereign bond coal mine Today’s slump in government bonds in Norway isn’t likely to set the tone for the rest of Europe. 10th February 2026 · 4 mins read
Europe Chart Pack Europe Chart Pack (Feb. 2026) We expect euro-zone GDP growth to be fairly sluggish in the coming years. Germany’s fiscal stimulus should provide only a temporary and fairly modest boost, and we don’t think it will do much to raise... 9th February 2026 · 1 min read
Europe Economics Weekly Christine Lagarde’s wishful thinking on AI This week’s inflation data and ECB decision were in line with expectations. In this Weekly we take a look at Christine Lagarde’s claim that there is a significant AI-related pick-up in investment in... 6th February 2026 · 5 mins read
Europe Economics Weekly French bond rally looks overdone The French government's survival after bypassing parliament to implement the 2026 budget has done nothing to improve the country's long-term debt dynamics. So we think that the recent narrowing of... 30th January 2026 · 8 mins read
Europe Rapid Response Riksbank Policy Announcement (January 2026) While the Riksbank left its policy rate at 1.75% and its forward guidance unchanged today, the economic data have improved significantly over the past few months and have given us greater confidence... 29th January 2026 · 2 mins read
Europe Economics Update SNB on the FX sidelines, but negative rates coming We do not think that the SNB has intervened in FX markets in recent days despite the Swiss franc’s large appreciation. Instead, we think policymakers are likely to combat any disinflationary pressure... 28th January 2026 · 3 mins read
Europe Economics Weekly Greenland tensions aftermath, Germany finally recovering? We think that this week's flare-up in EU-US tensions over Greenland is unlikely to have a lasting impact on the euro-zone economy. Meanwhile, data out of Germany suggest its economy may be turning a... 23rd January 2026 · 9 mins read
Europe Economics Update A quiet meeting next week for the Riksbank There is no doubt that the Riksbank will keep its policy rate at 1.75% next week and continue to signal it will not adjust its policy for many months. We think that policymakers will only start to... 22nd January 2026 · 4 mins read
Europe Rapid Response Norges Bank Policy Announcement (January 2026) Today’s decision to leave the policy rate at 4.0% came as no surprise and the Bank’s messaging repeated that policymakers are in no hurry to lower rates further. We are forecasting a cut in June, but... 22nd January 2026 · 2 mins read
Global Economics Rapid Response Greenland tariffs: the political consequences would trump the economic It remains unclear whether President Trump’s threat to impose tariffs on eight European countries unless a deal is reached to acquire Greenland will ever materialise. But if it does, the economic... 18th January 2026 · 3 mins read
Europe Economics Weekly Euro-zone households still cautious We learnt this week that the euro-zone’s household saving rate remained very high in Q3 last year. With households still reporting low levels of confidence, we think they will continue to be reluctant... 16th January 2026 · 5 mins read
