Eurozone Publications
Below is a list of our Eurozone Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep
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Claus Vistesen (Chief Eurozone Economist)
- A Trump presidency is more of an inflation threat to the EZ economy than a growth threat.
- We’re sticking with our call for the ECB to ease by less than markets expect next year.
- Will EZ export orders jump in the final stretch of Q4 as foreign firms scramble to beat potential tariffs?
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Punchy, but major orders were a key driver.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- A Trump presidency is more of an inflation threat to the EZ economy than a growth threat.
- We’re sticking with our call for the ECB to ease by less than markets expect next year.
- Will EZ export orders jump in the final stretch of Q4 as foreign firms scramble to beat potential tariffs?
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Poor, and it will get worse at the start of Q2.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- Sell EURUSD and bonds if you’re convinced that Mr. Trump will win Tuesday’s US election.
- Leading indicators for EZ investment are downbeat, but growth still has room to rebound, a touch.
- Capacity utilisation rates point to robust growth in services capex, and the inventory cycle is turning.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- Swiss inflation surprised to the downside in October, falling to a 40-month low of just 0.6%.
- The headline will likely be further below the SNB’s call in Q4, so we now look for even more easing.
- A floor exists, however; the SNB is heading towards the zero lower bound.
Claus Vistesen (Chief Eurozone Economist)Eurozone
ECB DOVES HAVE THE UPPER HAND
- BUT THEY WILL STRUGGLE TO PUSH THROUGH 50BP IN DECEMBER
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: A big blow to hopes of a 50bp cut in December.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- A trio of strong data tilts the balance of risk further in favour of a 25bp rate cut in December.
- Core inflation was firmer than expected in October, and it will increase a touch in November too.
- The ECB battle over the neutral rate has begun; Ms. Schnabel likely sees a relatively high number.
Claus Vistesen (Chief Eurozone Economist)Eurozone
In one line: Decent, but nothing to write home about ex-Olympic boost.
Claus Vistesen (Chief Eurozone Economist)Eurozone
