Independent Strategy

GlobalFast Track Data — European activity driving recovery

Post-Easter recovery has gathered pace with a substantial improvement in European mobility and economic activity over the past week (to 17th April).  The rebound was fairly even across Germany and Italy, with a more modest improvement in Spain, although that comes from a substantially better starting position.  France also saw a pick up in activity, but given higher Covid case loads this was modest in comparison.  And with the UK lockdowns easing France now carries the mantle of the weakest of our survey group, a position it looks set to retain for a while.

Tags

ADP (7) Agriculturals (1) Asia crisis (1) Asset Allocation (1) Australia (2) Autos (1) Bank of Japan (1) Big Data (1) BoJ (1) Bonds (6) Brazil (1) Brexit (5) Canada (1) Capital Goods (2) Central Bank (8) Challenger (1) China (20) Claims (1) Climate change (2) Commodities (1) Copper (1) Coronavirus (4) Corporate Bonds (1) Corporate Debt (2) Covid (3) Covid-19 (50) CPI (9) Credit (45) Current Account (1) Debt (2) Debt Crisis (4) Democracy (4) Demographics (9) Deposits (1) Disruptive Technologies (4) Durable Goods (1) Earnings (1) ECB (10) Elections (2) Emerging Markets (4) Employment (23) Equities (1) Euro (3) Eurogroup (1) Europe (2) Eurozone (19) Exports (2) Factory Orders (6) Federal Reserve (8) Fixed Income (2) France (1) FX (2) GDP (12) Germany (15) Globalisation (8) Global Pandemic (3) Gold (2) Google Mobility (49) HICP (1) Hong Kong (1) Housing (5) IFO (3) Income (1) India (1) Industrial Production (9) Inflation (25) Interest Rates (11) Internet (1) Investment (5) IP (9) Iran (4) Ireland (1) ISM (2) Italy (6) Japan (5) Jobless Claims (1) Korea (3) Labour Market (11) Liquidity (8) Manufacturing (3) Monetary Policy (19) Money (4) Money Market (1) Money Supply (19) Myanmar (1) New Monetarism (6) New Zealand (1) Oil (6) Online (1) Payrolls (25) PCE (2) PMI (1) PMIs (1) Politics (10) Populism (6) Portugal (1) PPI (4) Production (1) Productivity (2) Profits (1) QE (5) Quantum economics (5) Real Estate (1) Redline Money (15) Reserves (3) Retail Sales (11) Russia (2) Services (3) Services PMI (1) Sovereign Bonds (3) Sovereign Debt (4) Spain (4) Sterling (1) Sweden (2) Technials (1) Technicals (124) TICS (1) Total Social Financing (13) Trade (10) TSF (4) Turkey (1) UK (18) Ukraine (1) Unemployment (22) US (35) USD (9) Vietnam (1) Wages (22)

In the Media