Europe Commercial Property Outlook Capital value growth set to slow Even with already low commercial property yields, the low interest rate environment means that commercial property will remain attractive for investors. We expect further yield declines to drive... 7th June 2016 · 1 min read
Non-Euro Europe Commercial Property Outlook Prime yields still some way from their floor In the absence of particularly enticing prospects for alternative asset classes, demand for prime commercial property will be strong for at least the next two to three years. This has meant that we... 7th June 2016 · 1 min read
Capital Daily Another reason why the US stock market is not hugely overvalued 7th June 2016 · 1 min read
Emerging Europe Economics Update Slump in investment dragged growth down in Q1 The breakdown of Q4 GDP data for Central and South Eastern Europe confirmed that the slowdown in growth at the start of the year was the result of a drop in fixed investment, most likely caused by... 7th June 2016 · 1 min read
Europe Economics Update Should European markets be more worried about Brexit? Iceland’s second consecutive quarterly fall in GDP was down to the volatility of trade. The big picture is that domestic demand growth picked up and the outlook is positive. 7th June 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Apr.) After seasonal adjustment, house prices dipped by a marginal 0.1% in April according to the CoreLogic index. But with supply conditions tightening further, we doubt this weak patch in house price... 7th June 2016 · 1 min read
Middle East & North Africa Economics Update First thoughts on Saudi Arabia’s “National Transformation Plan” Saudi Arabia’s “National Transformation Plan” represents a credible effort by the authorities to flesh out some of their policies as they look to overhaul the Kingdom’s economy over the coming years... 7th June 2016 · 1 min read
Energy Update Rally in coal prices likely to be smothered We think that despite the recent optimism that the worst may be over for coal prices, the ongoing structural decline in demand over the next few years will probably lead to a renewed fall in prices. 7th June 2016 · 1 min read
Latin America Economics Update Counting the cost of Brazil’s credit binge Non-performing loans in Brazil will climb higher as the past decade’s debt boom continues to unwind. However, we think the cost of cleaning up the banking system should be manageable, helped in part... 7th June 2016 · 1 min read
Europe Data Response Iceland GDP (Q1) Iceland’s second consecutive quarterly fall in GDP was down to the volatility of trade. The big picture is that domestic demand growth picked up and the outlook is positive. 7th June 2016 · 1 min read
UK Housing Market Data Response Halifax House Prices (May.) Today’s data from the Halifax show that April’s drop in house price growth was partially reversedin May. But looking at the bigger picture, with house prices still growing far faster than wages, we... 7th June 2016 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q1) Today’s final estimate of Q1 GDP confirmed that the economy got off to a strong start to the year, driven by household spending. But the economy is unlikely to expand as quickly throughout the rest of... 7th June 2016 · 1 min read
Europe Data Response German Industrial Production (Apr.) April’s rise in German industrial production only partially reversed the previous month’s fall and suggests that the strong growth of industrial and overall economic activity in Q1 will not be... 7th June 2016 · 1 min read
UK Data Response BRC Retail Sales Monitor (May) May’s BRC retail sales data were fairly encouraging, following two months of disappointing readings. Overall, there’s relatively little sign that consumer spending is suffering much from uncertainty... 7th June 2016 · 1 min read
India Economics Update RBI holds rates, loosening cycle likely at an end The Reserve Bank of India (RBI) kept its repo rate on hold at 6.50% today and, while the consensus is expecting further modest loosening later this year, we think that rates will remain unchanged... 7th June 2016 · 1 min read
Australia & New Zealand Economics Update RBA treading water in uncharted territory It was no surprise after cutting interest rates in May that the Reserve Bank of Australia left rates on hold at 1.75% today. But by not sending a signal that rates will fall further, it has become a... 7th June 2016 · 1 min read
