Europe Economics Update SNB has more work to do in its fight against the franc The Swiss National Bank’s decision to leave its deposit rate at -0.75% presumably reflected the franc’s stabilisation at a slightly lower level. But we expect renewed upward pressure on the currency... 18th June 2015 · 1 min read
Nordic & Swiss Economics Update Norges Bank signals a further rate cut this year We suspect that today’s interest rate cut by the Norges Bank, from 1.25% to 1.00%, won’t be the last loosening of monetary policy this year. 18th June 2015 · 1 min read
Nordic & Swiss Economics Update SNB has more work to do in its fight against the franc The Swiss National Bank’s decision to leave its deposit rate at -0.75% presumably reflected the franc’s stabilisation at a slightly lower level. But we expect renewed upward pressure on the currency... 18th June 2015 · 1 min read
Global Markets Update How would euro-zone equities fare after a “Grexit”? If Greece does default on her sovereign debt, the euro-zone stock market will probably fall further, especially if this is swiftly followed by her abandoning the euro. But even in the event of a “... 17th June 2015 · 1 min read
Europe Economics Update Greece’s default options This Update takes a detailed look at the forms of debt default that Greece might employ to reduce near-term financing pressures and lower its debt burden. There are various possible options, but the... 16th June 2015 · 1 min read
Europe Economics Update Is Cyprus a blueprint for Greece? Cyprus’ recent return to economic growth and its fairly swift liberalisation of capital controls might indicate that Greece could resolve its problems without leaving the euro-zone. However, there are... 16th June 2015 · 1 min read
Europe Commercial Property Update Which sector offers the best short-term rental prospects? Recovering economic growth in the euro-zone will support a revival in occupier demand. But, whilst elevated availability will limit rental growth in the office and industrial sectors, the relative... 16th June 2015 · 1 min read
Europe Data Response German ZEW (Jun.) June’s sharp fall in ZEW investor sentiment suggests that the German recovery is suffering from fears about the impact of the Greek crisis. 16th June 2015 · 1 min read
Europe Economics Update Italy still not ready to pay down its debt Italy’s fiscal position is gradually improving. But contrary to the message from official forecasts, Italy has not yet done enough to start paying down its colossal public debt. 16th June 2015 · 1 min read
Europe Data Response Euro-zone Trade (Apr.) April’s euro-zone trade data suggested that the euro’s depreciation is finally starting to boost net exports. 15th June 2015 · 1 min read
Europe Economics Weekly Was Q1’s growth as good as it gets for the euro-zone? Despite the benefits of a weak euro and low oil prices, the latest hard data suggest that the upturn in the euro-zone economy has not gathered further momentum in Q2. This tentatively supports survey... 12th June 2015 · 1 min read
Europe Economics Update Will Greece finally blink? Greece’s creditors have made it clear that the ball is firmly in its court to make the concessionsneeded to reach a last-minute agreement. But even if Greece finally blinks, the stop-gap deal that... 12th June 2015 · 1 min read
Europe Commercial Property Update Oil sector slowdown means Oslo office rental growth will disappoint There are now concrete signs that the slowdown in the Norwegian oil industry is beginning to feed through to the wider economy. As a result, we expect the upwards trend in Oslo office market rents to... 12th June 2015 · 1 min read
Europe Data Response Euro-zone Industrial Production (Apr.) April’s weak growth in euro-zone industrial production suggested that the boost to industry from the lower oil price and euro at the start of the year may already be fizzling out. 12th June 2015 · 1 min read
Global Markets Update A selection of our key calls (advanced economies) This note summarises our key calls for the advanced economies and markets, emphasising where we differ from the consensus. Detailed projections (with specific numbers) are available in our regular... 11th June 2015 · 1 min read
Emerging Europe Economics Update Revisiting the “Grexit” threat to Eastern Europe The clock is ticking for Greece to unlock much-needed funding and stay in the euro-zone. And if it fails and were to leave the single currency, the impact of this wouldn’t be felt in Greece alone. In... 11th June 2015 · 1 min read
