Investors continue to discriminate strongly across euro area sovereign bonds
It is relatively expensive to insure unsecured bank debt against default
Aggregate financial conditions have improved this year
The implied volatility of share prices has moderated
Recent trends in new car registrations diverge across regions
House prices are falling in real terms in many countries
Oil prices are high
Underlying inflation is likely to remain subdued
Considerable labour market slack is set to persist
Gauging spare capacity using Okun's law