Europe Data Response Euro-zone Flash CPI & German Unemployment (May) May’s rise in euro-zone HICP inflation will offer some relief to the ECB, but with underlying price pressures still very weak and the recovery seemingly slowing, strong monetary policy support will be... 2nd June 2015 · 1 min read
Europe Economics Update Greek deal unlikely to tackle debt mountain Last night’s meeting between Greece’s creditors may have been an important step towards reaching a proposal to release the country’s final bailout payment. But the risk of failure is still high and... 2nd June 2015 · 1 min read
Europe Data Response German Flash CPI (May) May’s rise in German HICP inflation mainly reflected an anticipated increase in the energy component – underlying price pressures remain very weak even in the euro-zone’s strongest economies. 1st June 2015 · 1 min read
Europe Economics Weekly Strong growth won’t halt rise in Spain’s debt ratio Spain’s economy continues to go from strength to strength and could well grow by more than 3% this year. But with the large amount of spare capacity set to keep inflation negative or low, and growing... 29th May 2015 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Apr.) April’s euro-zone monetary data suggest that the region’s economic recovery will continue. But the continued lack of an agreement between Greece and its creditors poses a significant risk to the... 29th May 2015 · 1 min read
Europe Data Response Swedish & Danish GDP (Q1) The slowdown in Swedish GDP growth in Q1 came as little surprise after its sharp rise in Q4. But although the economy is still expanding, the breakdown was less than encouraging. Together with the... 29th May 2015 · 1 min read
Europe Data Response Swiss GDP (Q1) Swiss GDP data for Q1 probably exaggerate the true hit to exports from the appreciation of the franc. But with the currency likely to remain at a very high level, the economy is set to expand only... 29th May 2015 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q1 15) Swiss GDP data for Q1 probably exaggerate the true hit to exports from the appreciation of the franc. But with the currency likely to remain at a very high level, the economy is set to expand only... 29th May 2015 · 1 min read
Nordic & Swiss Data Response Swedish & Danish GDP (Q1 15) The slowdown in Swedish GDP growth in Q1 came as little surprise after its sharp rise in Q4. But although the economy is still expanding, the breakdown was less than encouraging. Together with the... 29th May 2015 · 1 min read
Europe Commercial Property Update Non-European investors will continue to determine pricing dynamics Non-Europeans are playing an increasingly important role in driving property investment volumes in Europe. The weaker euro and reports that non-Europeans tend to have lower target returns suggests... 28th May 2015 · 1 min read
ECB Watch ECB to keep foot hard on the QE pedal While no policy changes are in prospect at the ECB Governing Council meeting on 3rd June, markets will be watching closely for President Mario Draghi’s latest thoughts on the effectiveness of the Bank... 28th May 2015 · 1 min read
Europe Data Response EC Business & Consumer Survey (May) The European Commission’s monthly Business and Consumer survey for May offered some assurance that the modest euro-zone recovery has continued despite the ongoing Greek crisis. 28th May 2015 · 1 min read
Europe Economics Update How vulnerable is the ECB to a Greek default? The ECB’s exposure to Greece is not huge and ultimately lies with the euro-zone governments that would have to recapitalise it. But a Greek default to the ECB would be a serious blow to the Bank’s... 28th May 2015 · 1 min read
Europe Commercial Property Update Office rents in Prague and Warsaw to buck the positive trend in 2015 The Czech and Polish economies are motoring along nicely. However, the latest IPF Consensus Survey shows that our view, that solid demand fundamentals will be swamped by excess supply, causing rents... 27th May 2015 · 1 min read
Europe Economics Focus Has the ECB saved the euro-zone again? After saving the day with its pledge to “do whatever it takes” in 2012, the ECB has arguably now brought on a recovery with its quantitative easing programme. But we expect the policy’s effects to... 27th May 2015 · 1 min read
Europe Economics Weekly Stronger German recovery depends on export revival Last week’s data gave mixed signals about Germany. On the one hand, the second GDP release showed that Q1’s slowdown belied a strong domestic economy and May’s Ifo survey pointed to a pick-up in... 22nd May 2015 · 1 min read
