Europe Economic Outlook As good as it gets? While the European economic recovery probably picked up a bit of speed in the second quarter of the year, there are growing signs that Q2 was as good as it is likely to get. Activity indicators in the... 8th July 2014 · 1 min read
Nordic & Swiss Economics Update Norway set for several bouts of monetary loosening The Swedish Riksbank’s interest rate cut last week will put pressure on the Norges Bank to follow suit. We expect the Bank to cut its policy rate by the end of the year. And as spending in the energy... 8th July 2014 · 1 min read
Europe Data Response German & Spanish Industrial Production (May) Germany’s May industrial production figures arguably brought the strongest warning yet that the euro-zone’s fledgling economic recovery is in danger of grinding to a halt. 7th July 2014 · 1 min read
Europe Economics Weekly Is the euro finally about to drop? Recent policy developments support our expectation that the euro will fall against the US dollar. We forecast a rate of $1.30 at end-2014 and $1.25 at end-2015. But that fall could be too little too... 7th July 2014 · 1 min read
Europe Commercial Property Update Swiss office rental value correction may not be over Subdued take-up combined with speculative development mean that the short-term risks for rental values in Geneva and particularly Zurich lie to the downside. Nevertheless, with GDP set to grow... 3rd July 2014 · 1 min read
DM Markets Chart Pack Euro likely to come under pressure again soon Additional easing by the ECB in June has failed to generate further downward pressure on the euro. Indeed, the euro has strengthened since the Governing Council met last month. However, while the ECB... 3rd July 2014 · 1 min read
Europe Economics Update ECB rests on its laurels The ECB is relying strongly on measures announced last month to counter the threat of deflation, but we doubt that they will be effective. A bolder programme of asset purchases is still likely to be... 3rd July 2014 · 1 min read
Europe Data Response Ireland GDP (Q1) Ireland’s Q1 GDP figures suggest that the recovery is now gathering a decent amountof pace, which should help the country to tackle its debt problems. 3rd July 2014 · 1 min read
Europe Data Response Euro-zone Retail Sales (May) & Final PMIs (Jun.) May’s euro-zone retail sales data showed that spending on the high street has weakened since the first quarter, providing further evidence that the region’s recovery may be slowing before it has even... 3rd July 2014 · 1 min read
Europe Economics Update Swedish Riksbank takes steps to tackle deflation Sweden’s central bank today cut its main policy rate by a bigger-than-expected 50bp to 0.25% and pushed back the date at which it first expects to raise rates until the end of 2015 in order to fight... 3rd July 2014 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank takes steps to tackle deflation Sweden’s central bank today cut its main policy rate by a bigger-than-expected 50bp to 0.25% and pushed back the date at which it first expects to raise rates until the end of 2015 in order to fight... 3rd July 2014 · 1 min read
Europe Chart Pack Was Q2 as good as it gets? In Q2, the euro-zone probably saw a small improvement on Q1’s 0.2% rise in GDP. But falls in the latest activity indicators such as the PMI and the EC’s ESI suggest that the region’s recovery could be... 2nd July 2014 · 1 min read
Europe Economics Focus Is Sweden the Nordic Japan? Fears that Sweden might be about to enter a Japanese-style “lost decade” of deflation and stagnation are not entirely without foundation. But we think that Sweden should be able to avoid such an... 2nd July 2014 · 1 min read
Europe Commercial Property Update Could improved transparency drive yield compression? Ireland, Portugal, Hungary and Romania all registered strong improvements in JLL’s 2014 Global RealEstate Transparency Index. As such, in these countries the scope for yields to narrow seems to... 2nd July 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jun.) Although progress is still slow, the latest euro-zone fiscal data provided more evidence that peripheral governments are gradually strengthening their fiscal positions. 2nd July 2014 · 1 min read
Nordic & Swiss Economics Focus Is Sweden the Nordic Japan? Fears that Sweden might be about to enter a Japanese-style “lost decade” of deflation and stagnation are not entirely without foundation. But we think that Sweden should be able to avoid such an... 2nd July 2014 · 1 min read
