Europe Commercial Property Update European CRE sentiment too weak to set recovery alight in 2025 The latest RICS survey showed further improvement in occupier and investor demand in Europe. However, with the uptick in sentiment only small, the market looks to be struggling to gain momentum... 30th January 2025 · 6 mins read
BoE Watch BoE Watch: Does the weak economy create a case for cutting rates faster? The Bank of England will probably strike a balance between the recent weak news on activity and the stronger news on price pressures by cutting interest rates by a “gradual” 25 basis points (bps)... 30th January 2025 · 6 mins read
Europe Rapid Response ECB Policy Announcement (January 2024) The ECB’s decision to cut its deposit rate from 3% to 2.75% today came as no surprise and the accompanying statement implies that more cuts are coming, as is widely anticipated. We think the Bank will... 30th January 2025 · 2 mins read
Europe Rapid Response Euro-zone GDP (Q4 2024) & Unemployment (Dec.) The stagnation in euro-zone GDP in Q4 supports our view that the region’s economic prospects are worse than most think. We expect this to prompt the ECB to cut interest rates by more this year than is... 30th January 2025 · 2 mins read
UK Commercial Property Rapid Response Lending to commercial property (Dec. 24) 30th January 2025 · 1 min read
UK Economics Rapid Response UK Money & Lending (Dec. 2024) December’s money and lending figures suggest the downbeat economic outlook isn’t weighing on households borrowing and spending decisions too heavily. This provides some encouragement that the economy... 30th January 2025 · 3 mins read
Europe Rapid Response Germany, France, Italy GDP (Q4 2024) With national data now available for all larger euro-zone countries, it looks as if GDP growth in the region slowed to 0.1% q/q or even zero in Q4 last year. (Euro-zone GDP data are out at 10.00 GMT.)... 30th January 2025 · 2 mins read
Capital Daily Plan to “kickstart” UK growth fails to impress markets While there has not been much market reaction to the speech that UK Chancellor Rachel Reeves delivered today on how to “kickstart economic growth”, we are still quite optimistic about the long-term... 29th January 2025 · 5 mins read
Europe Economics Update Lower interest rates boosting euro-zone bank lending Euro-zone money and lending growth data paint a rosier picture of the economy’s near-term prospects than the latest business surveys and suggest that the impact of ECB rate cuts is feeding through... 29th January 2025 · 3 mins read
Europe Rapid Response Riksbank Policy Announcement (January 2025) We think the 25bp policy rate cut that the Riksbank delivered today will be the final cut of this cycle as we expect the economy to rebound strongly this year. 29th January 2025 · 2 mins read
Europe Rapid Response Spain GDP (Q4 2024) The 0.8% q/q increase in Spain’s GDP in Q4 2024 was a bit stronger than expected as the economy brushed off the negative effects of the flooding in Valencia. The economy is likely to continue to... 29th January 2025 · 1 min read
Climate Economics Update Looming supply crunch supports EU carbon prices Although European natural gas prices will still influence EU carbon prices in the near-term, investors’ recent optimism suggests that expectations for a tighter carbon market down the line are... 28th January 2025 · 4 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Jan.) 28th January 2025 · 1 min read
Europe Rapid Response Germany Ifo Survey (January 2025) The Ifo Business Climate Index (BCI) remained in contractionary territory in January which supports the consensus and our own view that that Germany will eke out only a small expansion in GDP this... 27th January 2025 · 1 min read
Emerging Europe Economics Weekly Trump’s threat to Putin, CBRT easing, CEE growth Comments by President Trump that he would tighten US trade and sanctions policy against Russia if Putin does not agree to negotiate an end to the war in Ukraine are likely to have been received with... 24th January 2025 · 8 mins read
