Europe Commercial Property Update Prime office rent gains to beat consensus expectations Prime office rents look set to rise by more than we had previously expected over the next few years given still low CBD vacancy, preferences for prime space and cuts to the supply pipeline in 2025-26... 29th August 2024 · 3 mins read
Emerging Europe Rapid Response Russia Activity Data (Jul.) The latest Russian industrial production and retail sales figures for July were a mixed bag and suggest that the economy maintained a steady pace of growth at the start of this quarter. But we still... 28th August 2024 · 2 mins read
Capital Daily UK interest rate exceptionalism unlikely to last The ongoing reassessment of the monetary policy outlook in the US and Europe has (again) made the UK look like an outlier. We doubt that will last. 28th August 2024 · 4 mins read
UK Commercial Property Update Is the City of London bouncing back? City offices have underperformed their West End neighbours by a wide margin since 2022. More encouraging recent data have led us to revise up our City rental projections, but we still expect stronger... 28th August 2024 · 3 mins read
Emerging Europe Rapid Response Israel Interest Rate Announcement (Aug.) The decision by the Bank of Israel (BoI) to leave its policy rate on hold again today (at 4.50%) rather than resume the easing cycle, reflects policymakers’ concerns with supply-side constraints in... 28th August 2024 · 2 mins read
Europe Economics Update Progress towards Capital Markets Union will be slow Capital Markets Union (CMU) is regarded by many European policymakers as one of the key reforms needed to close the gap between EU and US productivity. But a full CMU is a long way off, and in any... 28th August 2024 · 4 mins read
Asset Allocation Focus Is the discreet strength of European equities already over? For all the talk about AI, equities in Europe have delivered nearly as much as those in the US over the past few years. But we think that US equities will take the lead more clearly over the next year... 28th August 2024 · 10 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Aug.) The Hungarian central bank suggested that its decision to leave the policy rate on hold today, at 6.75%, was likely to mark a temporary pause in the easing cycle, rather than an end to it. Even so, we... 27th August 2024 · 2 mins read
Europe Economics Weekly No need to cry over subsidised milk This week’s EU-China spat over EV and dairy duties was interpreted by the EU’s Chief diplomat as a sign that a trade war may be “unavoidable”, but we think it is actually evidence that both sides will... 23rd August 2024 · 8 mins read
Emerging Europe Economics Weekly Ukraine’s Kursk offensive, CBRT’s forward guidance Ukraine's surprise incursion into Russia continued this week and although developments are highly uncertain at this stage, it has big implications for the war. On balance, we think it could delay any... 23rd August 2024 · 8 mins read
UK Economics Weekly Inflation to stay above the 2% target for longer The 10% rise in the Ofgem utility price cap due to take effect on 1st October means that we now expect CPI inflation to rebound from 2.2% in July to 2.9% in November and not fall below 2.0% until June... 23rd August 2024 · 4 mins read
Europe Economics Update EU semiconductor industry will continue to lag behind Although the EU is making progress in expanding its semiconductor production capacity, including through a new plant in Dresden, it is still a long way behind the US and Asia and is unlikely to catch... 23rd August 2024 · 5 mins read
Europe Commercial Property Chart Pack Europe Commercial Property Chart Pack (Q3 2024) A stabilisation of property yields and solid rent growth mean that euro-zone all-property values increased in Q2 for the first time in two years. However, market sentiment remains very weak and... 23rd August 2024 · 0 mins read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Aug. 2024) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. The Q2 GDP data out of Emerging Europe have generally disappointed to the downside, and... 22nd August 2024 · 1 min read
UK Commercial Property Outlook Look to beds, sheds and retail for best returns Commercial property yields and capital values have stabilised in recent months, which has encouraged investors to dip their toes back into the sector. But the recovery is set to be a weak one... 22nd August 2024 · 26 mins read
