Europe Economics Update Euro-zone Fiscal Monitor (May) Although progress is still slow, the latest euro-zone fiscal data provided more evidence that peripheral governments are gradually strengthening their fiscal positions. 2nd June 2014 · 1 min read
Europe Economics Weekly Can the ECB weaken the euro? While the ECB looks certain to implement further policy action at this week’s Governing Council meeting – probably in the form of an interest rate cut and measures to stimulate bank lending – this... 2nd June 2014 · 1 min read
Europe Data Response Swedish GDP (Q1) Q1’s small fall in Swedish GDP was little surprise after its sharp rise in Q4. But while the economy’s underlying growth is decent, the Riksbank might yet ease policy again in order to ward of... 30th May 2014 · 1 min read
Nordic & Swiss Data Response Swedish GDP (Q1 14) Q1’s small fall in Swedish GDP was little surprise after its sharp rise in Q4. But while the economy’s underlying growth is decent, the Riksbank might yet ease policy again in order to ward of... 30th May 2014 · 1 min read
ECB Watch Rate cut and lending incentives unlikely to be enough A small cut in the ECB’s main refinancing rate seems like a done deal this month and is likely to be accompanied by a reduction in the deposit rate to below zero. The Bank also seems set to offer more... 29th May 2014 · 1 min read
Europe Commercial Property Update Low office and retail yields in Vienna justified for now A surge in Austrian property investment has helped to drive Vienna office and retail yields to record lows. These yields will not be sustainable once interest rates and bond yields normalise. But... 28th May 2014 · 1 min read
Europe Data Response Euro-zone EC Survey (May) The renewed rise in the EC’s Economic Sentiment Indicator (ESI) suggests that the euro-zone recovery might gather a little pace in Q2. But growth will probably remain too weak to ward off deflationary... 28th May 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Apr.) April’s euro-zone monetary data highlighted the fragile nature of the region’s banks and should spur the ECB to ease policy further at its meeting next week. 28th May 2014 · 1 min read
Europe Data Response Danish GDP (Q1) The Danish economy started 2014 strongly. But continued household deleveraging means that growth this year is likely to be more sluggish than the consensus expects. 28th May 2014 · 1 min read
Europe Data Response Swiss GDP (Q1) Q1’s pick-up in Swiss GDP growth is a relief after a weak Q4 and suggests that the economy is still coping with the strong franc. But the threat of prolonged deflation will keep the central bank in... 28th May 2014 · 1 min read
Nordic & Swiss Data Response Swiss GDP (Q1 14) Q1’s pick-up in Swiss GDP growth is a relief after a weak Q4 and suggests that the economy is still coping with the strong franc. But the threat of prolonged deflation will keep the central bank in... 28th May 2014 · 1 min read
Nordic & Swiss Data Response Danish GDP (Q1 14) The Danish economy started 2014 strongly. But continued household deleveraging means that growth this year is likely to be more sluggish than the consensus expects. 28th May 2014 · 1 min read
Europe Economics Update Weak euro-zone recovery will sustain populist anger Although populist parties will remain a minority at the European Parliament, the euro-zone’s weak recovery will sustain support for these parties, undermining national reform efforts across the region... 27th May 2014 · 1 min read
Global Markets Update What might QE in the euro-zone mean for bonds elsewhere? It has been suggested that one important factor keeping US Treasury yields low is the prospect of a further loosening of monetary policy by the ECB, including some form of explicit quantitative easing... 27th May 2014 · 1 min read
Europe Economics Weekly France's recovery to be snail-paced France’s economy hasn’t picked up much steam since it stagnated in Q1. Although the outlook for the second half of the year is a little brighter, the recovery will remain pretty weak. The resulting... 26th May 2014 · 1 min read
Europe Data Response German Ifo Survey (May) & GDP Breakdown (Q1) The breakdown of German GDP for Q1 confirmed that the strong quarterly gain was partly down to temporary factors. And the renewed fall in the Ifo Business Climate Indicator in May suggested that the... 23rd May 2014 · 1 min read
