Europe Data Response Euro-zone Flash CPI & German Unemployment (Jun.) June’s euro-zone CPI inflation figures are likely to prompt the ECB to maintain a pretty hawkish tone at next week’s press conference. 1st July 2011 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jun.) The latest data show that euro-zone money and credit growth remain subdued, supporting the view that CPI inflation will fall below the ECB’s target as the boost from energy and food subsides. While a... 1st July 2011 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jun.) While plans for a Greek debt roll-over and a second bail-out should ease immediate default concerns and funding pressures, Greece is still struggling to rein in its budget deficit, highlighting the... 30th June 2011 · 1 min read
Europe Commercial Property Update Nordic investment market attractive, but difficult to enter The strength of the Norwegian and Swedish economies is consistent with reports that investment demand for commercial property in the Nordics among international funds is on the up. However, high... 30th June 2011 · 1 min read
Europe Economics Update Greek disaster averted, for now at least The fact that the Greek parliament has passed the Government’s medium-term fiscal plan clearly reduces the chances of a near-term disaster, but the country remains in a precarious position. 30th June 2011 · 1 min read
Europe Data Response Euro-zone EC Survey (Jun.) June’s EC business and consumer survey dealt a further blow to hopes that sustained strong growth in the euro-zone’s core economies might help to ease the crisis in the periphery. 30th June 2011 · 1 min read
Europe Data Response German Flash CPI (Jun.) June’s CPI figures suggest that German inflation remains reasonably well contained. But this is unlikely to stop the ECB from increasing interest rates again next week. 29th June 2011 · 1 min read
Europe Economics Update Bank roll-over plan a small step forward for Greece The French plan for banks to roll over a significant chunk of their maturing Greek government debt could significantly reduce Greece’s near-term funding pressures. But we doubt that the roll-over plan... 29th June 2011 · 1 min read
Global Markets Update Can China solve the euro-zone’s problems? Despite warm words of support from China’s leaders, there is no reason to believe that China has the ability to solve the euro-zone’s debt crisis. We estimate that China has already bought more than... 28th June 2011 · 1 min read
Europe Economics Weekly Greece edging closer to a second bail-out Developments last week suggest that the Greek Government will receive the fifth tranche of its initial bail-out package by early July. What’s more, although the finer details on the form of any... 28th June 2011 · 1 min read
Europe Data Response German Ifo Survey (Jun.) June’s rise in the Ifo index defies other recent evidence that Germany’s impressive recovery is slowing. Nonetheless, we still think that GDP growth will slow quite sharply over the remainder of the... 25th June 2011 · 1 min read
Europe Commercial Property Update Too soon to turn positive on Irish commercial property Q1’s sharp rise in Irish GDP is not as encouraging as it first seems. Although the external sector appears to be booming, we do not expect this to last. More worryingly, domestic demand continued to... 24th June 2011 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Jun.) The sharp fall in the flash euro-zone PMI in June provides further signs that the underlying pace of GDP growth is slowing, making it increasingly likely that a bout of strong growth will not solve... 24th June 2011 · 1 min read
Europe Commercial Property Update CEE investment volumes still on upward trend, but remain subdued The trend for investment volumes among CEE property markets still appears to be upward. However, activity remains well below peak levels and restricted only to a handful of markets, namely Poland... 23rd June 2011 · 1 min read
Europe Data Response German ZEW (Jun.) June’s sharper than expected fall in the headline German ZEW index brought further signs that the German economic recovery has passed its peak. 22nd June 2011 · 1 min read
Europe Economics Update Will Ireland and Portugal roll over their debt too? The Irish and Portuguese public finances are not in as precarious a position as those of Greece, but we think that there is a strong chance that both economies will eventually have to follow in Greece... 22nd June 2011 · 1 min read
