Europe Commercial Property Update French industrial rent prospects slip down the rankings Slowing economic growth and rising availability will hold back French industrial rental growth this year, with affordability concerns likely to be an additional drag in Paris. This will leave the... 15th January 2025 · 3 mins read
UK Economics Rapid Response UK Consumer Prices (Dec. 2024) While a lot of the surprisingly large fall in services inflation from 5.0% in November to 4.4% in December (CE forecast 4.8%, BoE 4.7%) was due to a very sharp fall in airfares inflation, underlying... 15th January 2025 · 3 mins read
Australia & New Zealand Economics Update The case for below-neutral rates in Australia It’s possible that prolonged weakness in economic activity and a jump in unemployment force the RBA to cut rates more aggressively than we’re anticipating. However, a more likely scenario resulting in... 15th January 2025 · 4 mins read
Capital Daily It’s time for the S&P 500 to earn its stripes again It’s easy to forget the importance of earnings in influencing the S&P 500 when its performance is driven instead, as has been the case recently, by gyrations in the Treasury market. Earnings will be... 14th January 2025 · 5 mins read
UK Economics Update What could policymakers do in response to higher gilt yields? Our base case is that a stabilisation and eventual fall back in gilt yields will allow the government to muddle through and wait until the next fiscal event on 26th March before making any decisions... 14th January 2025 · 5 mins read
US Rapid Response Producer Prices (Dec. 2024) On the surface, the weaker than expected 0.2% m/m increase in final demand PPI and unchanged level of core final demand PPI in December seems encouraging, but they mask some price jumps in a few of... 14th January 2025 · 1 min read
Event Drop-In: UK Commercial Property in 2025 – Do higher gilt yields augur ill? 1737644400 UK commercial property finally turned a corner in 2024 after a few painful years.
US Economics Update Debt ceiling drama begins to brew Raising the federal debt ceiling this year will likely come as part of a budget reconciliation package alongside concessionary spending cuts given the razor-thin Republican majority in the House. As... 13th January 2025 · 4 mins read
US Commercial Property Update Fires in LA highlight rising climate-related risk to CRE While commercial real estate insurance premiums remain elevated, their growth dropped back substantially last year. But as the West and Gulf coasts still face the greatest threat from climate risks... 13th January 2025 · 3 mins read
UK Economics Chart Pack UK Economics Chart Pack (Jan. 2025) While the economy lost all momentum at the end of last year, we still expect GDP growth to accelerate from 0.8% in 2024 to an above-consensus 1.3% in 2025. Admittedly, activity could be restrained if... 13th January 2025 · 1 min read
Event Drop-In: US Commercial Real Estate in 2025 – How much pain, how much gain? 1737558000 After the market bottomed last year, where will the opportunities and risks lie in US commercial real estate in 2025?
Canada Economics Weekly Trudeau and Trump share their truths The power vacuum created by Prime Minister Justin Trudeau’s resignation comes at a bad time, with President-elect Donald Trump ratcheting up his threats against Canada, raising the risk that the next... 10th January 2025 · 5 mins read
US Economics Weekly Still waiting for clarity on the Trump agenda More than two months after Donald Trump and the Republicans completed a narrow clean sweep in last November’s election, and with only 10 days until the inauguration, there is still massive uncertainty... 10th January 2025 · 8 mins read
UK Economics Weekly Gilt market is not in crisis, but it does cause problems This week’s leap in gilt yields creates more problems for the Chancellor and is an extra headwind for the economy. But it is not a crisis and the cause mostly originates overseas rather than being... 10th January 2025 · 9 mins read
US Rapid Response Uni. Of Michigan Consumer Sentiment (Jan. 2025) The drop in the expectations index of the University of Michigan Consumer Sentiment Survey in January and the accompanying jump in inflation expectations suggest that consumers are becoming more... 10th January 2025 · 2 mins read
US Rapid Response Employment Report (Dec. 2024) The larger-than-expected 256,000 gain in non-farm payrolls in December and drop back in the unemployment rate to 4.1% supports the Fed’s decision to slow the pace of rate cuts and has heightened... 10th January 2025 · 2 mins read
