Europe Data Response Euro-zone Flash CPI (Oct.) & Unemployment (Sep.) The latest euro-zone inflation and unemployment figures provide another clear signal that the recovery is still very fragile and will increase pressure on the ECB to take further action to support the... 31st October 2013 · 1 min read
Europe Economics Update Any fall in French unemployment will be largely illusory Contrary to expectations, French President François Hollande may fulfil his promise to reduce unemployment by the end of the year. But he will do so by relying on temporary initiatives rather than... 31st October 2013 · 1 min read
Europe Data Response Euro-zone EC Survey, German Unemp. (Oct.) & Spa. GDP (Q3) October’s rise in the EC’s euro-zone Economic Sentiment Indicator (ESI) suggests that the region’s modest recovery continued in the early stages of Q4. 30th October 2013 · 1 min read
Europe Commercial Property Update Investment case for Italy weaker than Spain The recent return of some international investors to commercial property markets in Spain and Italy seems to reflect the rapid turnaround in sentiment in both economies over the past year or so. Our... 30th October 2013 · 1 min read
Europe Data Response Belgian GDP (Q3) Belgian GDP rose for the second straight quarter in Q3, suggesting that euro-zone GDP recorded another moderate expansion too. 30th October 2013 · 1 min read
Europe Economics Update Risks too great for Cyprus to fully relax capital controls Although Cyprus has already begun to gradually relax its capital controls, restrictions on deposits leaving the country remain in place. With a fragile banking sector and an economy deep in recession... 30th October 2013 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Oct.) On balance, the smaller peripheral economies in the euro-zone are still making inroads into their budget deficits, but there are some signs that Italy and Spain are faring a bit less well. 29th October 2013 · 1 min read
Europe Economics Weekly Euro-zone still on track for a grinding recovery Although the Bank of Spain’s Q3 GDP estimate suggested that Spain may have exited its two-year recession, the fall in the euro-zone composite PMI in October highlighted that the region’s economic... 28th October 2013 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Sep.) September’s euro-zone monetary data perhaps offered tentative signs that the fall in bank lending is easing, but a decent pick-up in credit remains a distant prospect. 25th October 2013 · 1 min read
Europe Data Response German Ifo Survey (Oct 13.) The fall in German Ifo business sentiment in October provided another timely reminder that the euro-zone recovery remains fragile. 25th October 2013 · 1 min read
Global Markets Update Will the euro-zone recovery lift equity earnings? The depressed level of euro-zone aggregate corporate earnings largely reflects the weakness of the region’s economy. While we continue to think that the recovery in GDP will be unspectacular, a... 24th October 2013 · 1 min read
Europe Commercial Property Update Low interest rates supportive of Stockholm office values... for now Stockholm's office market appears to be in relatively good shape. Economic sentiment is rising, credit conditions for commercial property are strengthening, while this morning's decision by the... 24th October 2013 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Oct.) Despite falling in October, the euro-zone PMIs suggest that the region’s modest expansion continued at the start of Q4. 24th October 2013 · 1 min read
Europe Economics Update Swedish and Norwegian rates on hold until 2015 As expected, both the Swedish Riksbank and Norway’s Norges Bank both held their policy rates unchanged today. Given our below-consensus outlook for both economies, we do not expect either to hike... 24th October 2013 · 1 min read
Nordic & Swiss Economics Update Swedish and Norwegian rates on hold until 2015 As expected, both the Swedish Riksbank and Norway’s Norges Bank both held their policy ratesunchanged today. Given our below-consensus outlook for both economies, we do not expect eitherto hike rates... 24th October 2013 · 1 min read
Europe Data Response Euro-zone Flash Consumer Confidence (Oct. 13) The rise in euro-zone consumer confidence in October adds to signs that the euro-zone recovery is gradually improving. However, we think that a strong and sustained recovery in consumer spending is... 23rd October 2013 · 1 min read
