Europe Data Response Euro-zone Flash CPI (Jul.) & Unemployment (Jun.) Euro-zone inflation was well below target in July and renewed rises in unemployment suggest that disinflationary forces remain strong. 31st July 2015 · 1 min read
Europe Data Response EC Business & Consumer Survey (Jul.) The European Commission’s monthly Business and Consumer Survey for July provided some reassurance that the euro-zone economic recovery has retained some momentum in the third quarter. But growth... 30th July 2015 · 1 min read
Europe Economics Update Are imbalances still a problem in the euro-zone? Euro-zone current account imbalances have narrowed since the financial crisis, and there are good reasons to think that they will not return to pre-crisis levels for some time. But policymakers’... 29th July 2015 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jun.) June’s euro-zone monetary data point to a continued economic recovery, although they suggest that growth will not gather much more pace. 27th July 2015 · 1 min read
Europe Economics Weekly Weak growth hindering euro-zone’s fiscal progress Greece last week passed the necessary reforms to start negotiations with its creditors on a third bailout. But with the country back in recession, it will struggle to meet the creditors’ fiscal goals... 24th July 2015 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Jul.) July’s renewed fall in the euro-zone composite PMI offers some early support to our view that the fragile recovery will slow in the second half of the year. 24th July 2015 · 1 min read
Commodities Update China, Japan & Euro-zone Flash PMIs (Jul.) Today’s weak PMI reading from China will reinforce the negative sentiment towards commodities, notably industrial commodities, but demand should still pick up on further policy easing. Meanwhile... 24th July 2015 · 1 min read
Precious Metals Update What are global auto sales telling us about PGM demand? Despite slowing auto sales in China, we believe autocatalyst demand for platinum and palladium will increase by at least 3% in 2015, helping to underpin our positive view on the prices of both metals... 23rd July 2015 · 1 min read
Europe Economics Update Will the Greek economy ever return to normal? Even if the planned new Greek bailout is quickly and smoothly implemented, the economy looks set to remain in a deep and prolonged recession. 21st July 2015 · 1 min read
Europe Economics Weekly Greek deal clears some hurdles, plenty left The plan for a third Greek bailout has cleared a number of hurdles over the last week, including provisional approval by the Greek and German parliaments. But there are plenty of obstacles yet to be... 17th July 2015 · 1 min read
Europe Economics Update Draghi dovish, but cautious on Greece ECB President Mario Draghi maintained a distinctly dovish tone at today’s Governing Council meeting, reiterating the Council’s willingness to step up its QE programme if the economic outlook or... 16th July 2015 · 1 min read
Europe Data Response Euro-zone Trade (May) May’s euro-zone goods trade data suggested that the depreciation of the euro over thepast year is still only providing a modest boost to export growth. 16th July 2015 · 1 min read
Europe Economics Update Greek “deal” still has major hurdles to clear While yesterday’s announcement of an agreement to provide Greece with a third bailout was greeted with understandable relief, there are still very big hurdles to be cleared before the deal is... 14th July 2015 · 1 min read
Europe Data Response Euro-zone Industrial Production (May) & German ZEW (Jul.) May’s weak industrial production data and the fall in German ZEW investor sentiment in July suggested that the euro-zone’s fragile recovery may be slowing. 14th July 2015 · 1 min read
Europe Economics Update Greek deal will only delay the inevitable Today’s tentative deal for a new Greek bailout clearly reduces the risk of a near-term exit from the single currency. But significant hurdles must be overcome before the deal is finalised. And the... 13th July 2015 · 1 min read
Europe Economics Weekly New Greek bailout would just delay the inevitable There appears to be a chance that Greece and its creditors will come to a last minute agreement on a new bailout which avoids an imminent Greek departure from the currency union. But there are many... 10th July 2015 · 1 min read
