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....
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...
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:...
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....
Most investors are familiar with the surge in bond yields in Europe’s ’peripheral’ countries....
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...
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...
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....
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...
Contrary to an upbeat PMI Manufacturing report earlier last week and expectations for a 1%+ gain, Industrial Production in the Eurozone fell more than 1% compared to the previous month and remained barely positive when compared to last October: The decline was broad-based, affecting all...
Industrial production (yoy) in Sweden fell for the seventh straight month in October: While stock price performance of MSCI Sweden Industrials has not been as bad as in some other sectors, the abundance of (deteriorating) trading ranges in our point-and-figure methodology is probable cause for...
With the notable exceptions of Spain and France, survey data released for Europe’s manufacturing sector were largely positive– a continuation of a trend that began earlier this year: This would seem to indicate an increased likelihood of stronger industrial production data in the coming weeks:...
Today’s release of October producer price data by Spain revealed a dip into negative territory: Germany’ producer price data has been fluctuating around zero for much of the year so far, making a more definitive move downward beginning in August: Meanwhile, France and Italy are...
In the wake of recent criticism by the IMF (and even the U.S. Treasury) that it is too reliant on its exports, Germany released its detailed Q3 GDP report today....
European leaders met today for the specific purpose of discussing issues of youth unemployment in the region....
