Europe Data Response German ZEW Survey (Dec. 12) December’s rise in ZEW investor sentiment provides only limited hope for the German economy given clear signs of a downturn in the recent hard data and the latest developments in Greece and Italy. 11th December 2012 · 1 min read
Europe Economics Update Italy back in the spotlight The intended resignation of Italian technocrat Prime Minister Mario Monti is a timely reminder thatthe euro-zone debt crisis still goes way beyond the problems of Greece. 10th December 2012 · 1 min read
Europe Data Response German Trade/French & Italian Industrial Prod’n (Oct.) October’ trade and industrial production figures for the euro-zone’s largest three economies brought further evidence that the recession in the region will deepen in the fourth quarter and that it has... 10th December 2012 · 1 min read
Europe Economics Weekly The ECB too gloomy? Not likely. Suggestions that last week’s downgrades to the ECB’s economic projections have left it too gloomy look wide of the mark. Against a background of weak global activity, continued austerity and high and... 10th December 2012 · 1 min read
Europe Data Response German Industrial Production (Oct.) The further drop in industrial production in October to its lowest level in two decades raises the chances of a triple dip recession in the wider economy. 7th December 2012 · 1 min read
Europe Economics Update ECB on hold despite prospect of long recession At its press conference today, the ECB again refused to make any firm commitments about the amount of support that it might be prepared to offer the Spanish Government if it requested a bailout. And... 6th December 2012 · 1 min read
Europe Data Response Euro-zone GDP (Q3) The breakdown of euro-zone GDP in the third quarter brought little cause for optimism regarding the outlook for the region. With timelier indicators giving a universally negative picture, the... 6th December 2012 · 1 min read
Europe Chart Pack Recession to deepen in Q4 Recent hard data have confirmed that euro-zone GDP fell for a second quarter running in Q3 and more timely indicators suggest that the recession deepened in the fourth quarter. September’s drop in... 5th December 2012 · 1 min read
Europe Economics Update Negative bank rates won't depress the Swiss franc for long Credit Suisse’s announcement that it will charge other banks for holding large Swiss franc deposits with it has helped to ease the pressure on the currency for now. But while we have revised down our... 4th December 2012 · 1 min read
Europe Economics Update Debt buyback won't transform Greece's fiscal outlook While early signs indicate that Greece’s debt buyback will be a success, it will not bring an end to the country’s fiscal crisis. 4th December 2012 · 1 min read
Europe Commercial Property Focus Is it too soon to look beyond core European property markets? Above-average falls in rental values and a rising yield gap with core markets both suggest that there is growing scope for commercial property in the peripheral euro-zone economies to outperform... 4th December 2012 · 1 min read
Nordic & Swiss Economics Update Negative bank rates won’t depress the Swiss franc for long Credit Suisse’s announcement that it will charge other banks for holding large Swiss franc deposits with it has helped to ease the pressure on the currency for now. But while we have revised down our... 4th December 2012 · 1 min read
Europe Economics Focus How would exiting countries fare outside the euro-zone? Contrary to some suggestions, there are good reasons to think that, beyond the initial economic andfinancial disruption caused by an exit from the euro-zone, most of the current peripheral... 3rd December 2012 · 1 min read
Europe Economics Weekly Greek bail-out deal won't bring lasting calm Last week’s bail-out agreement has prompted some commentators to suggest that Greece’s future in the euro-zone should now be secure until at least next autumn. But we are not convinced. Indeed, given... 3rd December 2012 · 1 min read
Europe Commercial Property Update Will the Oslo-Stockholm all-property yield differential widen? If the euro-zone crisis worsens and economic growth in Norway and Sweden disappoints, property yields in both Oslo and Stockholm are likely to rise by 30bps to 50bps over the next 12-18 months... 30th November 2012 · 1 min read
Europe Data Response Euro-zone Unemployment (Oct.) & Flash CPI (Nov.) The latest news on the euro-zone labour market and inflation further underlined the general weakness of the region’s economy. 30th November 2012 · 1 min read
