This chart pack is an aggregation of high-frequency economic and financial data for Europe. With the help of the Macrobond platform, we put together a dashboard that is broken out between daily, weekly, and monthly releases.
High frequency data points are pivotal during times of high volatility/downturn and they are key in making sense of the fallout from the COVID-19 crisis and the subsequent recovery.
All the charts below are automatically updated when new data is released.
Euro short-term rate (€STR) is a reference rate for the currency euro calculated by the ECB. €STR has been recommended as a replacement for the EMMI Euro Overnight Index Average.
The daily consumption of electricity in France compared to the seasonal average.
Year to date comparisons of European currencies compared to the U.S. Dollar.
The Citi FX Positioning Alert Indicators (PAIN) aim to detect crowded market positions in currencies. They measure correlations between realized returns of active currency traders and exchange rates against the USD.
The indicators vary between -100 and +100. High positive readings suggest that active traders may already hold substantial net long positions in the currency against the USD, indicating a crowded trade.
A positive reading of the Economic Surprise Index suggests that economic releases have on balance been beating consensus. The indices are calculated daily in a rolling three-month window. The weights of economic indicators are derived from relative high frequency spot FX impacts of normalized data surprises.
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Rock bottom oil prices have caused a build-up of natural gas stock levels.
Macro/CTA strategies have outperformed.
Year to date Euro area benchmark equity performance.
European central bank asset growth.
The ECB’s Pandemic Emergency Purchase Program (PEPP) has a total envelope of €750 billion. Purchases will be conducted throughout 2020, the below chart tracks the development of PEPP purchases.
The composite indicator of systemic stress (CISS) is computed for the Euro Area as a whole. It includes 15 raw, mainly market-based financial stress measures that are split equally into five categories, namely the financial intermediaries’ sector, money markets, equity markets, bond markets and foreign exchange markets.
Weekly domestic textile trade in Germany.
A spike in default probability, but European banks seem to be better prepared this time around.
Composite indicator of systemic stress by country.
AFTE/Coe-Rexecode corporate cash survey regarding corporate operating cash in France.
The ZEW Financial market test asks 300 market experts on their views and expectations.
Expectations survey on the market/economy.
Credit Suisse & CFA society
Euro Area outlook by industry