Europe Economics Update Iceland holds rates but more hikes will be needed Today’s decision by Iceland’s central bank to keep its key interest rates unchanged was merely a reflection of the improvement in the short-term inflation outlook and a tighter policy stance will... 9th December 2015 · 1 min read
Nordic & Swiss Economics Update Iceland holds rates but more hikes will be needed Today’s decision by Iceland’s central bank to keep its key interest rates unchanged was merely a reflection of the improvement in the short-term inflation outlook and a tighter policy stance will... 9th December 2015 · 1 min read
Europe Economics Focus Can the euro-zone weather the global headwinds? The euro-zone has proved relatively resilient in the face of global headwinds, but the region still has to contend with significant domestic problems. And with fiscal policy unlikely to provide a big... 8th December 2015 · 1 min read
Europe Commercial Property Update Evolving retail sector causing locational shift in Danish logistics The construction of modern logistics space along the E20 corridor, south-west of Copenhagen, is transforming the region into the destination of choice for occupiers. With demand growth set to remain... 8th December 2015 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q3) The second estimate of euro-zone GDP in Q3 revealed that the slowdown in growth was driven by weaker net exports. As the boost to consumer spending growth from lower oil prices fades, we think that... 8th December 2015 · 1 min read
Europe Data Response Iceland GDP (Q3) The solid growth in Iceland’s GDP in Q3 confirmed that the economy is performing strongly and has put the 2008 collapse of the banking sector behind it. With domestic demand very healthy, the central... 8th December 2015 · 1 min read
Nordic & Swiss Data Response Iceland GDP (Q3 15) The solid growth in Iceland’s GDP in Q3 confirmed that the economy is performing strongly and has put the 2008 collapse of the banking sector behind it. With domestic demand very healthy, the central... 8th December 2015 · 1 min read
Europe Economics Update France to suffer in the long term from Front National’s win The unprecedented success of France’s far-right Front National (FN) in Sunday’s regional elections is a symbolic victory for the party’s protectionist and anti-immigration policies. While the initial... 7th December 2015 · 1 min read
Europe Data Response German & Spanish Industrial Production (Oct.) October’s unexpectedly-small rise in German industrial production was another signthat GDP growth in the euro-zone’s largest economy has passed its peak. 7th December 2015 · 1 min read
Europe Economics Weekly Mariodona shoots wide The ECB’s failure to live up to its own hype at December’s Governing Council meeting looks likely to have at least some negative consequences, both on the economic outlook via the market response and... 4th December 2015 · 1 min read
Europe Commercial Property Update Can prime retail rental values continue to rise in the euro-zone? Euro-zone retail sales are likely to remain fairly weak in the next couple of years. However, due to structural changes in the retail sector, expansionary retailers will continue to compete to secure... 4th December 2015 · 1 min read
Europe Economics Update ECB fails to live up to its own hype The European Central Bank’s failure to meet the expectations for further policy loosening fuelled by its own dovish signals has dented both its reputation for communication and, more importantly, the... 3rd December 2015 · 1 min read
Europe Data Response Euro-zone Retail Sales (Oct.) & Final PMIs (Nov.) October’s euro-zone retail sales data suggest that the consumer recovery might be losing some steam. But the final PMIs for November suggest that the overall economic recovery might actually have... 3rd December 2015 · 1 min read
Europe Chart Pack Tentative signs of Q4 growth pick-up After the further slowdown in euro-zone GDP growth in the third quarter, more timely survey indicators such as the composite PMI have offered tentative evidence of a renewed acceleration in Q4... 2nd December 2015 · 1 min read
Europe Commercial Property Update Office rents in Switzerland have further to fall The latest data from Switzerland show that the removal of the euro exchange rate ceiling has taken its toll on the economy, and we expect that there is further weakness to come. Accordingly, even with... 2nd December 2015 · 1 min read
Europe Economics Update Current QE rules won’t stop the ECB An expansion of the QE programme tomorrow would probably require some changes to ECB rules. But we do not think that this will be enough to deter the Bank from implementing more stimulus. 2nd December 2015 · 1 min read
