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
Europe Economics Weekly Market gyrations could threaten recovery The sharp rise in euro-zone bond yields and further appreciation of the euro last week might look like a response to the recent improvement in the euro-zone’s economic performance. But the renewed... 8th May 2015 · 1 min read
Europe Commercial Property Update Euro-zone office rental values to show further steady growth Amidst a slowly improving economic backdrop, prime euro-zone office rents have risen in recent quarters. We expect further gradual increases in occupier demand, coupled with constrained supply, to... 8th May 2015 · 1 min read
Europe Data Response German Industrial Production & Trade (Mar.) March’s German industrial production and trade data offer some signs that the weaker euro is providing a boost to the economy, but seem to confirm that GDP growth slowed in Q1 compared to Q4. 8th May 2015 · 1 min read
Nordic & Swiss 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
Europe Economics Update Could a debt default revive the Greek economy? While euro-zone officials appear increasingly resigned to some form of Greek sovereign debt default, we doubt that this alone would revive the economy and secure the country’s membership of the euro. 7th May 2015 · 1 min read
Europe Economics Update Policy unchanged in Norway, but rate cut still on the cards The Norges Bank left its policy rate unchanged at 1.25% today, but we suspect that a weakening labour market and faltering economic growth will prompt a rate cut at its next meeting in June. 7th May 2015 · 1 min read
Europe Data Response French Industrial Production (Mar.) Although March’s French industrial production figures were a little disappointing, the sector has fared well at the start of 2015 and appears to have made a decent contribution to GDP growth in the... 7th May 2015 · 1 min read
Europe Commercial Property Update Zurich and Geneva office rental values set for further falls The negative effects of the Swiss franc appreciation on economic growth and employment suggest that the recent stabilisation of Geneva and Zurich office rents is unlikely to last. Rather, with vacancy... 7th May 2015 · 1 min read
Europe Chart Pack Euro-zone outperformance will be short-lived The euro-zone economy looks likely to have outgrown both those of the US and UK in the first quarter of the year, for the first time since Q1 2011. But the outperformance looks set to be short-lived... 6th May 2015 · 1 min read
Europe Data Response Euro-zone Retail Sales (Mar.) & Final PMIs (Apr.) March’s euro-zone retail sales data suggested that overall household spending registered a fairly strong increase in Q1. But the decline in April’s composite PMI implied that the economy might have... 6th May 2015 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Apr.) The latest euro-zone fiscal data showed that only Italy and Ireland made any improvement in their budgetary positions in Q1. And the latest data from Greece are far from encouraging. 1st May 2015 · 1 min read
