Europe Economics Update SNB holds back ammunition for possible Brexit The Swiss National Bank (SNB) left interest rates on hold as expected today, but it will continue to intervene in FX markets if needed, as is likely in the run-up to the UK referendum. An actual... 16th June 2016 · 1 min read
Nordic & Swiss Economics Update SNB holds back ammunition for possible Brexit The Swiss National Bank (SNB) left interest rates on hold as expected today, but it will continue to intervene in FX markets if needed, as is likely in the run-up to the UK referendum. An actual... 16th June 2016 · 1 min read
Europe Commercial Property Update Slower employment gains to weigh on Spanish office rental growth Spain’s recovery has underpinned rising office rents in Barcelona and Madrid. But with the economy losing steam, we expect weaker employment growth to moderate the pace of office rental growth. 15th June 2016 · 1 min read
Europe Economics Update How would Brexit affect Sweden? The UK is Sweden’s fourth largest export market, but the direct trade impact of a Brexit would probably be small. A Brexit could have a bigger impact on Sweden through its effect on the krona . And... 15th June 2016 · 1 min read
Europe Data Response Euro-zone Trade (Apr.) While the euro-zone trade surplus jumped to a record high in April, any boost from trade to GDP growth in Q2 is likely to be offset by weakness in other parts of the economy. 15th June 2016 · 1 min read
Nordic & Swiss Economics Update How would Brexit affect Sweden? The UK is Sweden’s fourth largest export market, but the direct trade impact of a Brexit would probably be small. A Brexit could have a bigger impact on Sweden through its effect on the krona. And... 15th June 2016 · 1 min read
Europe Economics Update What would Brexit mean for Ireland? Ireland is the most exposed euro-zone country to any economic fallout from a Brexit . But just as we think that the economic costs of a Brexit for the UK are often overstated, we think that the Irish... 14th June 2016 · 1 min read
Europe Data Response Euro-zone Industrial Production (Apr.) Despite April’s strong rise, industrial production is still lower than it was in January. With industrial surveys pointing to subdued growth ahead, it seems unlikely that the euro-zone industrial... 14th June 2016 · 1 min read
Europe Data Response Swedish Consumer Prices (May) Sweden’s inflation rate fell by more than expected in May. With underlying price pressures still largely absent, the Riksbank may well need to take further policy action. 14th June 2016 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (May 16) Sweden’s inflation rate fell by more than expected in May. With underlying price pressures still largely absent, the Riksbank may well need to take further policy action. 14th June 2016 · 1 min read
Europe Commercial Property Update Retail rental growth to cool in Italy Retail rents in Milan and Rome rose sharply last year. But a slowdown in the Italian economy and consumer spending growth over the coming years will mean that rental growth now eases back. 10th June 2016 · 1 min read
Europe Economics Weekly Euro 2016 unlikely to kick off French recovery There are hopes that Euro 2016 will provide a boost to the French economy and perhaps lift national sentiment. But any gains in football-related expenditure will be at least partly offset by falls... 10th June 2016 · 1 min read
Europe Data Response French & Italian Industrial Production (Apr.) April’s increases in French and Italian industrial production support the message from Germany that the sector had a decent month. But growth still looks set to slow in Q2 and over the rest of the... 10th June 2016 · 1 min read
Europe Economics Update Are ECB corporate bond purchases already a success? The prospect of ECB corporate bond purchases, which begin today, has pushed corporate bond spreads down and prompted a pick-up in issuance. However, there are several reasons to think that spreads... 8th June 2016 · 1 min read
Europe Commercial Property Outlook Capital value growth set to slow Even with already low commercial property yields, the low interest rate environment means that commercial property will remain attractive for investors. We expect further yield declines to drive... 7th June 2016 · 1 min read
Europe Economics Update Should European markets be more worried about Brexit? Iceland’s second consecutive quarterly fall in GDP was down to the volatility of trade. The big picture is that domestic demand growth picked up and the outlook is positive. 7th June 2016 · 1 min read
