Europe Economics Weekly Fragile euro-zone recovery needs more ECB support Despite the better tone to the economic data coming out of the euro-zone in recent weeks, we still expect growth to slow in the second half of the year as the twin tailwinds of the lower oil price and... 4th September 2015 · 1 min read
Europe Commercial Property Update Should investors be concerned about recent financial market volatility? We do not believe that the recent turbulence in financial markets heralds a major global slowdown that would push the recovery in European property markets into reverse. Moreover, it has not changed... 4th September 2015 · 1 min read
Europe Economics Update Draghi paves way for more QE While the European Central Bank (ECB) left its key policy instruments unchanged today, changes to its bond purchase limits and President Mario Draghi’s dovish signals appeared to pave the way for an... 3rd September 2015 · 1 min read
Europe Data Response Euro-zone Retail Sales (Jul.) & Final PMIs (Aug.) The rise in euro-zone retail sales in July more than offset the decline in June and suggests that the consumer recovery remains on track. Meanwhile, the final PMIs highlighted the continued poor... 3rd September 2015 · 1 min read
Europe Economics Update Sweden’s Riksbank still has more work to do The decision by Sweden’s Riksbank to leave its monetary policy stance unchanged suggested that it has been reassured by the recent run of better-than-expected activity and inflation data. But with... 3rd September 2015 · 1 min read
Nordic & Swiss Economics Update Sweden’s Riksbank still has more work to do The decision by Sweden’s Riksbank to leave its monetary policy stance unchanged suggested that it has been reassured by the recent run of better-than-expected activity and inflation data. But with... 3rd September 2015 · 1 min read
Europe Chart Pack Deflation dangers still lingering While the crisis in Greece appears to have receded at least temporarily, the euro-zone still faces serious challenges in the form of weak growth and persistent deflation risks. As the Chart below... 2nd September 2015 · 1 min read
Europe Commercial Property Update Are we too conservative on the prospects for Swedish retail rents? The Swedish consumer sector is set to perform strongly in the coming years. However, the completion of the Mall of Scandinavia later this year will keep prime retail rental growth in Stockholm muted... 2nd September 2015 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Aug.) The euro-zone’s peripheral economies appear to have strengthened their fiscal positions further at the start of Q3. But this year’s budget targets still look elusive for most. Greece, in particular... 1st September 2015 · 1 min read
Europe Data Response Euro-zone Unemployment (Jul.) & Final Mfg PMI (Aug.) The latest euro-zone unemployment data offered hope that the slow recovery in the region’s labour market has not gone into reverse. But the bigger picture is that unemployment remains too high to... 1st September 2015 · 1 min read
Non-Euro Europe Commercial Property Outlook Increasingly divergent outlook The Emerging European markets are beginning to diverge, with strong economic growth expected to support high levels of occupier activity in Poland, the Czech Republic and Romania, but Russia and... 28th August 2015 · 1 min read
Europe Commercial Property Outlook Capital values on track for their strongest annual gain since the crisis Compared to our last Analyst, we have moved up our rental growth forecasts for offices, reflecting limited development pipelines and falling vacancy rates. Rental growth across all sectors, combined... 28th August 2015 · 1 min read
Europe Data Response German Flash CPI (Aug.) August’s inflation data confirmed that price pressures in Germany are very subdued,underlining the need for continued and perhaps increased ECB policy support. 28th August 2015 · 1 min read
Europe Economics Weekly Euro-zone’s problems lie closer to home than China We are fairly relaxed about the impact of a slowdown in China on the euro-zone. Most importantly, this is because the concerns about the Chinese economy look overblown. And in any case, the direct... 28th August 2015 · 1 min read
Europe Data Response EC Business & Consumer Survey (Aug.) August’s EC business and consumer survey provides some reassurance that the eurozone’s economic recovery has continued in Q3, despite the turmoil in global stock markets this month. But the pace of... 28th August 2015 · 1 min read
Europe Data Response Swiss GDP (Q2) Q2’s GDP release revealed that Switzerland has so far avoided a recession despite the strength of the franc. But it seems very unlikely that positive contributions from nettrade can be sustained and... 28th August 2015 · 1 min read
