Europe Data Response Euro-zone Industrial Production (Feb.) February’s strong rise in euro-zone industrial production suggested that industry is starting to feel the benefits of a weaker euro and a lower oil price. 14th April 2015 · 1 min read
Europe Data Response Swedish Consumer Prices (Mar.) Sweden’s headline inflation rate picked up further in March. But with inflation likely to remain well below target and the underlying rate unchanged, we continue to think that the Riksbank will cut... 14th April 2015 · 1 min read
Nordic & Swiss Economics Update New government will struggle to revive Finland’s economy The opposition Centre Party looks likely to be the largest party in a coalition government after Finland’s general election on 19th April. But the outcome of the election is unlikely to have a major... 13th April 2015 · 1 min read
Europe Economics Update Is loose monetary policy inflating bubbles in Germany? With the ECB’s quantitative easing programme putting upward pressure on German asset prices in particular, some point to a risk of bubbles developing there. We think the greater risk is that such... 13th April 2015 · 1 min read
Europe Data Response Italian Industrial Production (Feb.) February’s Italian industrial production data added to signs that the long recession may finally be coming to an end. But the recovery still looks surprisingly slow given the boost provided by falls... 13th April 2015 · 1 min read
Europe Economics Update New government will struggle to revive Finland’s economy The opposition Centre Party looks likely to be the largest party in a coalition government after Finland’s general election on 19th April. But the outcome of the election is unlikely to have a major... 13th April 2015 · 1 min read
Europe Economics Weekly Oil and euro boosts to growth will fade next year We have revised our forecasts for euro-zone GDP growth higher to reflect the positive effects of lower oil prices and the decline in the euro. But growth could slow again next year as those positive... 10th April 2015 · 1 min read
Europe Data Response French & Spanish Industrial Production (Feb.) February’s French industrial data suggested that activity in the euro-zone’s second-largest economy may have gained a little pace at the start of 2015. And the healthy rise in Spanish production... 10th April 2015 · 1 min read
ECB Watch ECB to downplay early taper talk The ECB’s quantitative easing programme has got off to a solid start with the Bank buying the planned quantity of assets and financial markets responding positively. And with the recovery seeming to... 9th April 2015 · 1 min read
Europe Commercial Property Update German logistics capital value growth unlikely to outperform Despite decent prospects for German industrial output, logistics capital value growth seems unlikely to outperform the office and retail sectors, or logistics property in other countries. That’s... 9th April 2015 · 1 min read
Europe Economics Update Is deflation good for the euro-zone after all? The recent bout of negative inflation in the euro-zone appears to have contributed to a modest upturn in economic growth. But it would be premature to conclude that deflation will prove to be a good... 9th April 2015 · 1 min read
Europe Data Response German Industrial Production & Trade (Feb.) German industrial production and trade data for February offered tentative signs that the economy is benefitting from the weaker exchange rate. But the data seem to confirm that growth slowed in Q1... 9th April 2015 · 1 min read
Europe Economic Outlook Recovery prospects clouded by Greece Recent indicators have brought signs of a renewed recovery in the euro-zone economy, reflecting the beneficial effects of lower oil prices and the decline in the euro exchange rate. But the picture... 8th April 2015 · 1 min read
Europe Data Response Euro-zone Retail Sales (Feb.) February’s euro-zone retail sales data showed that while the consumer recovery remained fairly strong, it did not pick up further pace. 8th April 2015 · 1 min read
Europe Commercial Property Update Will weak French growth hold back property returns? The anaemic growth outlook for the French economy in 2015 and 2016 does not bode well for a recovery in occupier demand. But increased competition for the best space amongst both tenants and investors... 8th April 2015 · 1 min read
DM Markets Chart Pack US corporate bonds should weather Fed tightening Although Fed tightening could dull investors’ appetite for risk, its onset has not tended to push up the spreads of US corporate bonds over Treasuries much in the past. We expect a similar outcome... 3rd April 2015 · 1 min read
