Europe Data Response Euro-zone Flash PMIs & German ZEW Survey (Aug.) August’s first business and investor surveys suggest that activity in the euro-zone is stagnating at best. With Germany showing a particularly marked deterioration lately, the region’s strongest... 24th August 2011 · 1 min read
Europe Data Response Norwegian GDP (Q2) Q2’s GDP figures showed that the Norwegian economy expanded at a steady pace and added to evidence that it is less likely to suffer from a “double dip” than some of its European counterparts. Looking... 24th August 2011 · 1 min read
Nordic & Swiss Data Response Norwegian GDP (Q2 11) Q2’s GDP figures showed that the Norwegian economy expanded at a steady pace and added to evidence that it is less likely to suffer from a “double dip” than some of its European counterparts. Looking... 23rd August 2011 · 1 min read
Europe Economics Update Greece's second bail-out deal far from being concluded The dispute over the provision of collateral by Greece to some euro-zone economies in return for a second bail-out, coupled with the private sector’s reluctance to take part in a debt exchange, may... 23rd August 2011 · 1 min read
Europe Economics Weekly Policymakers still unwilling to pull out all the stops Signs last week that European policymakers remain unwilling to take major steps towards fiscal union, coupled with very weak economic data and a renewed slump in equity prices, did nothing to alter... 23rd August 2011 · 1 min read
Europe Economics Update Is Ireland over the worst? There have recently been signs that Ireland’s troubles may be starting to ease, but we still think that it faces a huge challenge to return its public finances to a stable footing. Accordingly, there... 19th August 2011 · 1 min read
Europe Economics Update On the road to fiscal union? Decisive steps towards greater fiscal integration across the euro-zone seem vital if the currency union is going to hold together in its current form. But recent comments from Angela Merkel and... 18th August 2011 · 1 min read
Global Markets Update Does rising credit risk pose a threat to Bunds? The cost of insuring against a default by the German government for five years has nearly doubled since early July and now exceeds the cost of insuring against a default by the UK government for the... 18th August 2011 · 1 min read
Europe Economics Update Euro-zone crisis another headache for Iceland The Icelandic central bank’s surprise interest rate hike today was in stark contrast to the increasingly dovish tone of other central banks around the world. The move reflected a sharp increase in... 18th August 2011 · 1 min read
Europe Economics Update Does Germany still want to save the euro? Germany’s reluctance or political inability to implement stronger measures to support the euro-zone’s periphery suggests that its appetite for the project might be fading. While euro-zone membership... 18th August 2011 · 1 min read
Nordic & Swiss Economics Update Euro-zone crisis another headache for Iceland The Icelandic central bank’s surprise interest rate hike today was in stark contrast to the increasingly dovish tone of other central banks around the world. The move reflected a sharp increase in... 17th August 2011 · 1 min read
Europe Commercial Property Update Euro-zone GDP figures point to softening property investment market Now that it is clear that the economic weakness observed in the euro-zone’s peripheral economies over the past year or so is spreading to the region’s core, commercial property investors might begin... 17th August 2011 · 1 min read
Europe Economics Update Market relief for Portugal likely to be short-lived Market pressure on Portugal has eased over the past weeks. But we remain sceptical that the ECB’s bond purchases and the agreement reached by euro-zone policymakers last month can be a lasting... 17th August 2011 · 1 min read
Europe Data Response Euro-zone GDP (Q2) Q2’s euro-zone GDP figures revealed that the recovery has slowed dramatically. With even the previously healthy core economies now barely expanding, we maintain our far below consensus forecast that... 17th August 2011 · 1 min read
Europe Commercial Property Update Will industrial rents in Belgian and Dutch markets continue to lead? The relatively strong macro drivers of industrial occupier demand in Belgium and the Netherlands are consistent with the fact that industrial rents in Brussels and Amsterdam are outperforming the rest... 16th August 2011 · 1 min read
Europe Economics Weekly French fears deepen crisis Last week saw markets respond fairly positively to the ECB’s bond purchases and Spanish and Italian bond yields fell sharply from dangerously high levels. At the same time, though, France has been... 16th August 2011 · 1 min read
