Europe Data Response Euro-zone Flash CPI (Jul.) & Unemployment (Jun.) July’s flash euro-zone consumer prices data underlined the continued weaknessof price pressures in the currency union and supported our view that the ECB hasmore work to do to tackle the risk of... 31st July 2014 · 1 min read
Europe Economics Update Euro’s fall provides glimmer of hope, but more needed The euro finally appears to be succumbing to the downward pressure implied by the divergentprospects for monetary policy in the US and euro-zone. But bigger declines are likely to be needed tokick... 30th July 2014 · 1 min read
Europe Data Response Euro-zone EC Survey & ECB Bank Lending Survey (Jul.) July’s tiny rise in the EC’s Economic Sentiment Indicator (ESI) suggests that the eurozonerecovery is unlikely to strengthen much in Q3. 30th July 2014 · 1 min read
Global Economics Update Low inflation a threat to fiscal policy in the euro-zone and Japan Continued very low inflation is likely to have anegative impact on debt ratios in both Japan andthe euro-zone during the coming years. Insouthern euro-zone countries real interest rateswill probably... 28th July 2014 · 1 min read
Europe Economics Weekly Euro-zone consumers still not ready to spend freely Despite a slight fall in July, euro-zone consumer confidence remains at a high level. But this hasyet to be reflected in a significant rise in spending growth. This might be because consumers’optimism... 28th July 2014 · 1 min read
Europe Economics Update Could the euro-zone mimic the UK’s recovery? On the face of it, the UK’s impressive economic recovery offers significant hope to the euro-zone. Butwe think that still high levels of debt and a relatively timid monetary policy response will... 25th July 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jun.) Although June’s euro-zone monetary data showed some further signs of improvement, lending is still falling and the data point to a significant risk of deflation in the region. 25th July 2014 · 1 min read
Commodities Update PMIs to provide only limited support to commodity prices Despite the rise in the PMIs in both China and the euro-zone in July, the near-termoutlooks for industrial commodity and oil prices remain weak. Indeed, there arelingering concerns that the euro-zone... 24th July 2014 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Jul.) The jump in the flash composite PMI in July suggested that euro-zone activity picked up at the start of Q3 but it is unlikely to alleviate concerns that the recovery in the euro-zone is already... 24th July 2014 · 1 min read
Europe Data Response Euro-zone Trade (May) May’s euro-zone trade data provided some tentative signs that exports may bebeginning to pick up. But the external sector remains too weak to offset fears that thedomestic recovery is faltering at an... 16th July 2014 · 1 min read
Europe Data Response Euro-zone Industrial Production (May) The sharp fall in euro-zone industrial production in May suggests that the recovery in the sector is flagging before it has even really begun, boding ill for the region’s overall economic recovery. 14th July 2014 · 1 min read
Europe Economics Update ABS purchases will not take QE off the table The ECB’s prospective ABS purchases might ultimately help to strengthen the euro-zone financial system. But they will not stave off the immediate disinflationary pressures facing the region. 9th July 2014 · 1 min read
Europe Economic Outlook As good as it gets? While the European economic recovery probably picked up a bit of speed in the second quarter of the year, there are growing signs that Q2 was as good as it is likely to get. Activity indicators in the... 8th July 2014 · 1 min read
DM Markets Chart Pack Euro likely to come under pressure again soon Additional easing by the ECB in June has failed to generate further downward pressure on the euro. Indeed, the euro has strengthened since the Governing Council met last month. However, while the ECB... 3rd July 2014 · 1 min read
Europe Data Response Euro-zone Retail Sales (May) & Final PMIs (Jun.) May’s euro-zone retail sales data showed that spending on the high street has weakened since the first quarter, providing further evidence that the region’s recovery may be slowing before it has even... 3rd July 2014 · 1 min read
Europe Chart Pack Was Q2 as good as it gets? In Q2, the euro-zone probably saw a small improvement on Q1’s 0.2% rise in GDP. But falls in the latest activity indicators such as the PMI and the EC’s ESI suggest that the region’s recovery could be... 2nd July 2014 · 1 min read
