Iceland’s economy continue to expand in Q4

Mar 10, 2015 11:00 am UTC| Commentary

Icelands economy continued to expand in Q4, suggesting that the country remains well on the road to recovery. In Q4, seasonally-adjusted GDP rose by 0.2% on the quarter after an 4.1% increase in Q3.Note that Q1s and Q2s...

Tentative signs of recovery in France but not Italy

Mar 10, 2015 10:49 am UTC| Commentary

Januarys French industrial data support the message from the German and Spanish releases that activity was expanding slowly at the start of the year.But the fall in Italian production suggests that the three-year recession...

Central Europe's inflation is close to bottoming out

Mar 10, 2015 10:40 am UTC| Commentary

With oil prices stabilizing at around USD 60/bbl, the passthrough to fuel-price inflation is expect to end this quarter. This is also signaled by PMI sub-indices for input and output prices.The only unknown is the pace of...

Norway imported inflation likely to rise in coming months

Mar 10, 2015 10:28 am UTC| Commentary

Norway core inflation came in at 2.4%, below Norges Banks expectation and consensus at 2.5%.Food prices rose more than we had expected and pulled up core inflation close to 0.1% point. On the other hand the rise in...

Italy’s industrial production disappoint

Mar 10, 2015 10:18 am UTC| Commentary

Italys industrial production surprised to the downside in January, contracting 0.7% mom vs. our and consensus expectation for a slight gain. While disappointing, todays data is no reason to worry, as it probably reflects a...

French industrial production makes good entry in 1Q

Mar 10, 2015 10:14 am UTC| Commentary

French industrial production rose by 0.4% mom in January, coming in stronger than expected.Expectations were for a moderate monthly contraction following the strong rebound recorded in December (+1.4% mom).The IP...

UST-Bund spreads continue to rocket northwards

Mar 10, 2015 09:57 am UTC| Commentary

UST-Bund spreads continue to rocket northwards (See Image) helped along of course by the improving US data as well as the start of the ECBs QE.Even at current levels, wider UST-Bund spreads remain a good way to express...