Europe Data Response German ZEW (May) May’s fall in German ZEW investor sentiment suggests that growing fears over Greece together with the recent rise in bond yields and appreciation of the euro exchange rate have damaged the economic... 19th May 2015 · 1 min read
Europe Data Response Euro-zone Trade (Mar.) & Consumer Prices (Apr.) March’s euro-zone trade data suggest that the weakness of the euro has still had little impact on net exports, and therefore provided only modest support to the recovery. 19th May 2015 · 1 min read
Europe Economics Update Would a referendum end the Greek crisis? A public referendum could help to break the current deadlock between Greece and its creditors. But it might only be a short-term solution and much could depend on its precise purpose and phrasing. 18th May 2015 · 1 min read
Europe Commercial Property Update Divergence between capital and rental values set to widen Despite euro-zone all-property rents recording their strongest rise since 2007, it’s too soon to say that rental values have finally lifted off. Rather, with economic and employment growth set to... 18th May 2015 · 1 min read
Europe Economics Weekly Renewed recession adds to Greece’s woes The Greek crisis has intensified, with last week’s Eurogroup meeting offering little hope of near-term financial support and the Government resorting to reserves held at the IMF to make a loan... 15th May 2015 · 1 min read
Europe Economics Update Greek IOUs may be the first step towards the exit With a bailout payment still not forthcoming, the Greek Government might have to resort to IOUs to pay public sector workers. While they could serve as a brief stop-gap, they would not solve Greece’s... 14th May 2015 · 1 min read
Europe Commercial Property Chart Pack All-property yield compression picks up pace in Q1 The pace of euro-zone all-property yield compression picked up in Q1, driven mostly by the office and industrial sectors. At the all-property level euro-zone rental values rose by 1.2%q/q, but that... 14th May 2015 · 1 min read
Europe Economics Update Iceland: An example for Greece to follow? Iceland’s healthy economic recovery after its financial collapse in 2008 highlights the attractions of currency depreciation, if necessary accompanied by capital controls. Such a path has its economic... 13th May 2015 · 1 min read
Europe Economics Update Sedlabanki holds, but interest rates to rise soon Although Iceland’s central bank left its main interest rates on hold today, it adopted a much more hawkish tone, signalling that it was likely to start hiking rates as early as next month. 13th May 2015 · 1 min read
Europe Data Response Euro-zone GDP (Q1 Prov.) Q1’s euro-zone GDP figures confirmed that the currency union outgrew both the US and UK in the first quarter. But with signs that the Greek crisis is starting to constrain the recovery, the euro-zone... 13th May 2015 · 1 min read
Nordic & Swiss Economics Update Iceland: An example for Greece to follow? Iceland’s healthy economic recovery after its financial collapse in 2008 highlights the attractions of currency depreciation, if necessary accompanied by capital controls. Such a path has its economic... 13th May 2015 · 1 min read
Nordic & Swiss Economics Update Sedlabanki holds, but interest rates to rise soon Although Iceland’s central bank left its main interest rates on hold today, it adopted a much more hawkish tone, signalling that it was likely to start hiking rates as early as next month. 13th May 2015 · 1 min read
Europe Data Response Swedish Consumer Prices (Apr.) The renewed fall in Sweden’s headline inflation rate in April suggests that the Riksbank’spolicy easing so far has eradicated the threat that deflation becomes entrenched. Accordingly, further... 12th May 2015 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Apr. 15) The renewed fall in Sweden’s headline inflation rate in April suggests that the Riksbank’s policy easing so far has not eradicated the threat that deflation becomes entrenched. Accordingly, further... 12th May 2015 · 1 min read
DM Markets Chart Pack Fresh euro weakness should buoy German equities Although it has still been one of the best-performing developed world stock markets this year, the DAX index has come off the boil over the past month. We do not expect its recent weakness to continue... 8th May 2015 · 1 min read
Europe Economics Update New Finnish coalition’s austerity to drag on growth The new coalition government is likely to impose significant budget cuts that would drag on Finland’s already ailing economy. But there are reasons to think that fiscal consolidation might be less of... 8th May 2015 · 1 min read
