Europe Data Response Euro-zone CPI (Final, Dec.) & Trade (Nov.) December’s final euro-zone CPI inflation figures should calm fears that underlying inflation pressures are building. But with headline CPI inflation likely to rise in early 2011, the ECB’s stance... 14th January 2011 · 1 min read
Europe Economics Update ECB remains reluctant to do more After leaving interest rates on hold, the ECB provided no indication that it is about to respond to the ongoing euro-zone fiscal crisis by adopting bolder unconventional policy measures. 13th January 2011 · 1 min read
Europe Commercial Property Update Outlook is bright for Helsinki industrial rental values Finland’s strong external trade links should mean that industrial occupier demand in Helsinki holds up better than many other euro-zone cities over the next couple of years. And given that industrial... 13th January 2011 · 1 min read
Europe Chart Pack Household spending prospects weaken Recent news on the euro-zone household sector has placed a dent in hopes that the external recovery is spreading to the domestic economy. November’s sharp drop in retail sales, and Q3’s downward... 12th January 2011 · 1 min read
Europe Data Response Euro-zone Industrial Production (Nov.) November’s healthy rise in euro-zone industrial production adds to evidence that the recovery continued in Q4. But the ever-widening divergences between different countries continue to cast doubts on... 12th January 2011 · 1 min read
Europe Economics Update Portugal - the end of Act 1? It now seems a matter of when, rather than if, Portugal will follow Greece and Ireland in accepting some form of European/IMF bail-out. But will this signal the beginning of the end of the euro-zone... 11th January 2011 · 1 min read
Europe Economics Weekly Rise in euro-zone inflation to prove short-lived The euro-zone economic data released since Christmas has been fairly encouraging and suggests that, for now at least, the region continues to expand at a pretty healthy pace. But on the face of it... 10th January 2011 · 1 min read
Europe Data Response Euro-zone Unemp. (Nov.) & GDP (Q3) & German IP (Nov.) The latest euro-zone data once again highlight the huge divergences that are building up in the region and may also add to fears that the industrial recovery is failing to spread to other sectors of... 7th January 2011 · 1 min read
ECB Watch ECB to stand pat amidst conflicting forces Once again, the ECB faces the tough task of balancing a raft of bad news from the euro-zone’s periphery with the more positive developments elsewhere and the fact that CPI inflation has risen above... 6th January 2011 · 1 min read
Europe Data Response Euro-zone EC Survey (Dec.) December’s EC business and consumer survey suggests that, for now at least, the improving global economic outlook is offsetting the ongoing troubles in the periphery. 6th January 2011 · 1 min read
Europe Commercial Property Update Has Swedish industrial yield outperformance run its course? The relative strength of Swedish economic growth in 2010 has helped to push industrial property yields in Stockholm below those in Copenhagen. Although almost unprecedented, with the Swedish economy... 5th January 2011 · 1 min read
Nordic & Swiss Economics Update Iceland still faces major challenges The joke about the differences between Iceland and Ireland (one letter and about six months) might provide some encouragement to the latter in the light of recent signs that Iceland is turning the... 4th January 2011 · 1 min read
Europe Economics Update Iceland still faces major challenges The joke about the differences between Iceland and Ireland (one letter and about six months) might provide some encouragement to the latter in the light of recent signs that Iceland is turning the... 4th January 2011 · 1 min read
Europe Data Response Euro-zone Flash CPI & German Unemployment (Dec.) December’s bigger-than-expected rise in euro-zone CPI inflation probably reflected energy and food effects. Underlying price pressures in the region remain very weak. 4th January 2011 · 1 min read
Europe Economics Weekly Another tough year ahead We have revised up our near-term forecasts for the euro-zone economy in response to improving global economic prospects and signs that domestic demand may be picking up. But with the region’s... 27th December 2010 · 1 min read
Europe Economics Weekly European policymakers still doing the bare minimum The news that EU leaders reached agreement last week on the treaty changes required to establish a “permanent crisis mechanism” in 2013 is unlikely to ease pressures in the peripheral bond markets... 20th December 2010 · 1 min read
