Europe Commercial Property Update Are we too downbeat on office rent prospects in Germany and Geneva? Survey evidence suggests that the main German cities, as well as Geneva and Moscow, are the current, preferred destinations for firms looking to expand into new markets. Yet while this points to a... 15th October 2011 · 1 min read
Europe Data Response German Industrial Production (Aug.) August’s fall in German industrial production supports other evidence that the recovery in what was previously the strongest sector of the euro-zone’s strongest economy has gone into reverse. 8th October 2011 · 1 min read
Europe Commercial Property Update German industrial property looks vulnerable to a shift in sentiment For now, the risks of a marked fall in prime industrial rental values in Germany look low, despite the recent downbeat industrial data. But the comparatively low level of industrial yields in Germany... 8th October 2011 · 1 min read
Europe Data Response German Ifo Survey (Sep.) September’s modest decline in the German Ifo is a relief after sharper falls in other survey indicators. But the continued decline in the Ifo’s expectations index suggests that the euro-zone’s... 27th September 2011 · 1 min read
Europe Data Response German ZEW Survey (Sep.) September’s drop in the German ZEW index is another sign that the economy is suffering increasingly from slowing global demand growth and troubles in the eurozone’s periphery. 21st September 2011 · 1 min read
Europe Data Response Greek and Portuguese GDP (Final Q2) & German Trade (Jul.) The Greek and Portuguese GDP figures for Q2 add to evidence that the recessions there will be more drawn out than either Government expects, suggesting that both economies will struggle to meet their... 9th September 2011 · 1 min read
Europe Data Response German Industrial Production (Jul.) July’s surge in German industrial production will clearly ease fears of an imminent double-dip, but a renewed industrial slowdown seems inevitable before long. 8th September 2011 · 1 min read
Europe Economics Update German court ruling points to troubles ahead Today’s ruling by the German Constitutional Court that bail-outs already undertaken by EU authorities were not unlawful might come as a relief to highly indebted euro-zone governments. But its... 8th September 2011 · 1 min read
Europe Data Response Euro-zone Flash CPI & Unemployment (Jul./Aug.) The news that euro-zone core inflation remained very low in August while unemployment rose further in July should reduce any remaining inflation fears at the ECB, adding to expectations of possible... 1st September 2011 · 1 min read
Europe Commercial Property Update Are German office yields too low? The recent flow of bad news on the German economy might suggest that the office market is beginning to look expensive. Yet, office/bond yield spreads are nearly as high now as they were at their peak... 26th August 2011 · 1 min read
Europe Data Response German Ifo Survey (Aug.) August’s drop in the Ifo measure of business confidence added to the growing evidence that the German economic recovery has faltered. 25th August 2011 · 1 min read
Europe Data Response Euro-zone Flash PMIs & German ZEW Survey (Aug.) August’s first business and investor surveys suggest that activity in the euro-zone is stagnating at best. With Germany showing a particularly marked deterioration lately, the region’s strongest... 24th August 2011 · 1 min read
Global Markets Update Does rising credit risk pose a threat to Bunds? The cost of insuring against a default by the German government for five years has nearly doubled since early July and now exceeds the cost of insuring against a default by the UK government for the... 18th August 2011 · 1 min read
Europe Economics Update Does Germany still want to save the euro? Germany’s reluctance or political inability to implement stronger measures to support the euro-zone’s periphery suggests that its appetite for the project might be fading. While euro-zone membership... 18th August 2011 · 1 min read
Europe Economics Update Could German courts block the bail-outs? The ongoing case in the German Constitutional Court against providing financial support for Greece is unlikely to lead to an outright ban on bail-outs. But the court could insist that Germany is... 11th August 2011 · 1 min read
Europe Data Response Italian & Spanish GDP (Q2) & German Industrial Prod. (Jun.) The latest activity data from the euro-zone support our view that the recovery in the region as a whole is slowing sharply and cast further doubt on whether the likes of Italy and Spain can meet their... 6th August 2011 · 1 min read
