The Weekly Brief (26 October 2015) - J.P. Morgan Asset Management
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The Weekly Brief (26 October 2015)

Contributor Global Markets Insights Strategy Team

The latest ECB Bank lending survey highlighted a gradual improvement in eurozone credit demand despite the rising global headwinds.

As we can see in this week’s chart taken from page 18 of the Guide to the Markets, total credit demand has declined from last quarter’s results but the overall trend is encouraging. The latest results also highlighted significant improvement in credit demand in Italy and Spain, additional evidence that the periphery is beginning to drive economic momentum in the eurozone. Overall we continue to remain constructive on the growth prospects for the region, especially if sustainable drivers of the economy such as credit conditions continue to pick up speed.

Credit demand and eurozone GDP growth
Net % of banks reporting positive loan demand, GDP growth

Source: ECB, Eurostat, J.P. Morgan Asset Management. Data as of 21 October 2015.

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Please be aware that this material is for information purposes only. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all-inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. JPMorgan Asset Management Marketing Limited accepts no legal responsibility or liability for any matter or opinion expressed in this material.

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The Weekly Brief (26 October 2015)