Europe Commercial Property Update Do German office markets face an impending oversupply risk? The short-term blip in German growth will not significantly impact office markets and, although development pipelines are growing, we expect to see continued office rental value growth in the next few... 16th September 2014 · 1 min read
Europe Economics Update Early loan repayment underlines Irish progress The agreement amongst European finance ministers over the weekend that Ireland can start early repayment of its IMF loan highlighted again the rapid improvement of market confidence in the peripheral... 16th September 2014 · 1 min read
UK Housing Market Update Will the demand for new homes continue to cool? After growing at a rapid pace for 16 months, growth in demand for new homes has eased back sharply. But that appears to be driven primarily by a shortage of homes actually up for sale – if builders... 16th September 2014 · 1 min read
Emerging Markets Economics Chart Pack EM currencies suffer further loses Emerging market (EM) currencies have had a rough ride recently, adding to what was already shaping up to be a poor year. Our synthetic EM exchange rate index is down by 1.5% against the dollar in the... 16th September 2014 · 1 min read
Europe Data Response German ZEW Survey (Sep.) & Euro-zone Labour Costs (Q2) September’s small fall in the German ZEW investor expectations index and thesharper decline in the current conditions index added to evidence that the recovery inthe euro-zone’s largest and strongest... 16th September 2014 · 1 min read
Commodities Update What would a “yes” vote mean for UK oil & gas production? The general economic uncertainty created by a “yes” vote in Scotland’s independence referendum could hamper investment in the oil and gas sector too. Nonetheless, an independent Scottish government... 16th September 2014 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Aug.) August’s consumer prices figures confirmed that CPI inflation has remained on a downward trend despite the economic recovery’s strength. Looking ahead, we continue to think that it could fall to as... 16th September 2014 · 1 min read
Asia Economics Update Sri Lanka to remain one of Asia's star performers Sri Lanka's economy continued to impress in the first half of 2014, and looks set to remain one of Asia's fastest growing economies. 16th September 2014 · 1 min read
Emerging Europe Economics Update Drop in ruble strengthens case for interest rate hike The sharp fall in the ruble over the past week or so reflects a combination of factors, including the drop in oil prices, continued capital flight in the context of the ongoing conflict in Ukraine and... 16th September 2014 · 1 min read
Middle East & North Africa Economics Update Assessing the impact of lower oil prices on the MENA region The recent sharp drop in oil prices is unlikely to be a major headache for the Gulf economies although, if sustained, it will mean that there will be less room for fiscal policy to provide the same... 16th September 2014 · 1 min read
Asia Economics Update Is China eating Asia’s lunch? Weak Chinese demand for exports from Emerging Asia in recent months has led some commentators to worry that China’s move up the value chain is having unwelcome knock-on effects for the rest of the... 16th September 2014 · 1 min read
DM Valuations Monitor Yet another distortion in US stock market valuation This Thursday, the Federal Reserve will publish its latest Financial Accounts of the United States for Q2. These are likely to show that the market value of equities issued by US non-financial... 15th September 2014 · 1 min read
Europe Economics Update Sweden’s return to the left won’t banish stagnation fears Sweden’s general election yesterday resulted in defeat for the centre-right coalition Alliance Government after two terms in power but produced no overall majority for the centre-left opposition... 15th September 2014 · 1 min read
Capital Daily Struggling US stock market unlikely to collapse The S&P 500 has been struggling to break decisively above 2,000 in recent weeks. This is hardly surprising given the outlook for Fed policy. However, we doubt monetary tightening will drive US equity... 15th September 2014 · 1 min read
Commodities Update Expectations for global soybean output get another boost The price of major grains and soybeans are at near five-year lows thanks in part to another large upward revision in the USDA’s expectations for global crop output. However, assuming there is no... 15th September 2014 · 1 min read
