European Leading Indicators | Is the Outlook for the Eurozone improving in 2024?
Discover key economic and financial metrics, and what to look out for in the month ahead.
1 minute to read
Here we look at the European leading indicators in the world of economics.
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Key insights:
- The recent performance of some economic leading indicators, combined with the expectation of a possible ECB rate cut in Q2, point to the beginning of a recovery of European commercial real estate investment activity later in the year.
- The 5-year Euro swap rate stood at 2.72% in mid-February, lower than the level seen one year ago. While swap rates are sensitive to inflation and geopolitics and may continue to fluctuate, they seem to be moderating.
- The S&P 500 stands near record high levels, on the back of the rally in some ‘big-tech’ sectors amid the renewed hype around AI. Additionally, the US economy has proven far more resilient than expected in the face of higher interest rates, with Oxford Economics forecasting 2.0% growth this year.
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