Europe Data Response Swiss GDP (Q2) Switzerland’s economy unexpectedly stagnated in Q2, suggesting that it is feeling theeffects of weakness in the euro-zone, its major trading partner. 2nd September 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Aug.) Fiscal positions strengthened across most of the peripheral economies in July, although we havegrowing concerns about Portugal’s ability to meet its target for this year. (Chart 1). 2nd September 2014 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q2 14) Switzerland’s economy unexpectedly stagnated in Q2, suggesting that it is feeling the effects of weakness in the euro-zone, its major trading partner. 2nd September 2014 · 1 min read
Europe Data Response Euro-zone Flash CPI (Aug.) & Unemployment (Jul.) August’s flash euro-zone CPI inflation data underlined the absence of price pressures in the currency union and should encourage the ECB to offer stronger hints of additional policy support to come... 29th August 2014 · 1 min read
Europe Economics Weekly Weak data increase the chance of ECB QE Events last week gave support to our long-held view that the ECB will have to take the plunge and launch a full-blown quantitative easing programme in the coming months. Survey data added to mounting... 29th August 2014 · 1 min read
Europe Data Response Danish GDP (Q2) The Danish economy unexpectedly contracted in Q2 as a result of a sharp fall inexports, suggesting that Denmark is feeling the effects of the slowdown in itsbiggest trading partner, the euro-zone. 29th August 2014 · 1 min read
Nordic & Swiss Data Response Danish GDP (Q2 14) The Danish economy unexpectedly contracted in Q2 as a result of a sharp fall in exports, suggesting that Denmark is feeling the effects of the slowdown in its biggest trading partner, the euro-zone. 29th August 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jul.) Although July’s euro-zone monetary data showed some further signs of improvement, the bigger picture is that lending is still contracting and the data suggest there is still a significant risk of... 28th August 2014 · 1 min read
ECB Watch ECB to hint strongly at QE and ultimately deliver The ECB finally seems to be facing facts, withPresident Mario Draghi conceding at Jackson Holethat the economy is too weak and that inflationexpectations have dropped. We do not expect anyaction this... 28th August 2014 · 1 min read
Europe Data Response Euro-zone EC Survey (Aug.) August’s larger than expected fall in the EC Economic Sentiment Indicator (ESI)added to worrying evidence that the euro-zone recovery is struggling to gaintraction. 28th August 2014 · 1 min read
Europe Commercial Property Update Has the best passed for Portuguese property returns? The recent sharp drop in Portuguese property yields has not been excessive. But with yields no longer at a level that is obviously too high and the economic outlook still fragile, yield impact... 28th August 2014 · 1 min read
Global Markets Update Further ECB easing could see Bund yields rebound The weakness of the euro-zone economy and the persistent threat of deflation should keep German government bond (Bund) yields relatively low. However, any scaling back of fiscal austerity and the... 26th August 2014 · 1 min read
Europe Economics Update French political turmoil adds to near-term economic risks The latest anti-austerity backlash from within the French Government, together with supportive comments from the ECB, offer hope that the euro-zone’s fiscal straightjacket could be loosened in future... 26th August 2014 · 1 min read
Europe Economics Update ECB finally facing facts President Draghi’s comments at Jackson Hole supported our long-held view that the ECB will take theplunge into full-blown quantitative easing, probably around the turn of the year. 26th August 2014 · 1 min read
Europe Economics Weekly Is recent euro-zone weakness down to the Ukraine crisis? The latest falls in business confidence and the weakness of euro-zone exports seem to relate partly to the effects of the Ukraine crisis and could therefore be fairly short-lived. But there is a risk... 22nd August 2014 · 1 min read
Global Economics Update Global economy too reliant on the US Preliminary business surveys for August, which were published by Markit today, suggest that growthcontinues to be sluggish in Japan and the euro-zone and that China’s economy is slowing. In contrast... 21st August 2014 · 1 min read
