Europe Tag

European Auto Sales (and Next Week’s PMI)

16 May, by Knowledge Leaders Team in Uncategorized

New car registrations in the EU slowed to just 4.5%yoy in April, down from a growth rate of more than 13%yoy in December: Interestingly, while new car registrations grew by more than 50%yoy in Portugal and more than 30%yoy in Spain, many of the Nordic...

High-Yield Debt Fuels European M&A

09 May, by Knowledge Leaders Team in Uncategorized

According to the FT, ”Groups in Europe have already put €15bn in new high-yield debt to work funding mergers and acquisitions this year, compared with €9.6bn for all of last year, according to Barclays Research....

Expectations Component Continues to Disappoint

05 May, by Knowledge Leaders Team in Uncategorized

As we have noted on a number of occasions in the last few months (here, here, and here), a number of often cited surveys pertaining to the Eurozone are exhibiting weak expectations–and today’s release of the Sentix survey is no different....

Europe: Stubbornly High Unemployment

02 May, by Knowledge Leaders Team in Uncategorized

Unemployment in the Eurozone still hovers just under 12%, according to data released earlier today: Unsurprisingly, the highest rates of joblessness remain in the peripheral countries while places like Switzerland, Denmark, and Germany boast rates in the lower single digits: With respect to youth unemployment,...

Lowered Expectations (Again)

07 Apr, by Knowledge Leaders Team in Uncategorized

Once again, the expectations component of a survey– in this case, the Sentix Economic Index– have deviated from the story that the headline or current situation numbers would relay....

Let’s Review & Reactions to ECB’s Interest Rate (Non)Decision

03 Apr, by Knowledge Leaders Team in Uncategorized

Earlier this week, we saw data releases for consumer prices and unemployment in Europe: This morning, Draghi announced that key rates would remain unchanged while affirming the ECB’s commitment to ’consider all instruments available’ in order to cope with ’lowflation’ in the Eurozone....

Few Bright Spots in the German ZEW Survey

18 Mar, by Knowledge Leaders Team in Uncategorized

The economic outlook in Germany weakened for the third month in a row, according to the latest ZEW survey: Anticipation of stock market gains has fallen steadily since last September: The expectation for improvement in profits (red line) fell in a number of industries in...

Europe’s Sentix Survey & GDP

10 Mar, by Knowledge Leaders Team in Uncategorized

While the headline number increased, narrowly missing economists’ positive expectations (actual 13.9 versus consensus 14.0)… The ’Investor Expectations’ (the forward-looking component of the survey) declined: Though not perfect, the survey’s correlation with GDP suggests room for continued, but limited, improvement in the coming quarters:...

ECB Officials’ Inflation Forecasts

06 Mar, by Knowledge Leaders Team in Uncategorized

The ECB announced that interest rates would be maintained at current levels earlier today, citing staff macroeconomic projections for the euro area, which foresee annual HICP inflation at 1.0% in 2014, 1.3% in 2015, and 1.5% in 2016....

European Retail Sales Disappoint (Again)

05 Feb, by Knowledge Leaders Team in Uncategorized

Contrary to the consensus for a 1.5% y/y gain in December, European retail sales fell (-1.0% y/y) and November’s gain was revised to a more modest 1.3%– the only year-over-year rise since April 2011. Unsurprisingly, yields in Germany fell back to levels previously seen in...

European Retail Sales and Unemployment

08 Jan, by Knowledge Leaders Team in Uncategorized

Overall retail sales came in much higher than the expected +0.3%yoy gain: Meanwhile, the unemployment rate for the entirety of the region remained steady for the eighth month in a row: However, when we look more closely at some of the individual countries, we notice...

Vehicle Registrations: U.K. versus Europe

07 Jan, by Knowledge Leaders Team in Uncategorized

Today’s release of statistics on car registrations in the U.K. continues a string of positive data releases.  The cumulative total for 2013 (2.26 million) was the highest since 2007 (2.40 million) and up considerably from the low of just 1.94 million registrations in 2011....

European Sector Overview

06 Jan, by Knowledge Leaders Team in Uncategorized

Though we primarily use our point-and-figure methodology when assessing attributes of individual stocks, we are also able to look at broader sets of data (such as sectors) to get a quick sense of price performance.For the MSCI Europe, we have the good… …the bad… …and...