Europe Chart Pack Deflationary pressures still building Recent euro-zone inflation data have provided firmer signs that CPI inflation will remain well below the ECB’s 2% stability ceiling for longer than the Bank itself expects. Admittedly, headline CPI... 8th January 2014 · 1 min read
Europe Data Response Euro-zone Unemployment (Nov.) & Retail Sales (Nov.) November’s euro-zone unemployment and retail sales data provided fresh evidence that the outlook for consumers is improving, but only slowly. 8th January 2014 · 1 min read
Europe Data Response Euro-zone Flash CPI (Dec.), PPI (Nov.) & Ger. Unemp. (Dec.) December's fall in euro-zone CPI inflation will add to concerns that the region could suffer from a bout of deflation and increase the pressure on the ECB to take more action to support the economy. 7th January 2014 · 1 min read
Europe Commercial Property Update Next move in Spanish office vacancy rates likely to be downwards Signs that Spain's labour market has now turned a corner, both nationally and in its two largest cities, are clearly good news for office occupier markets. Falls in unemployment over the past year... 7th January 2014 · 1 min read
Europe Economics Update Spanish prospects are improving, but only gradually December’s drop in Spanish unemployment will bolster hopes that the labour market has reached a turning point and the economic recovery may spread to the household sector. But while we have revised up... 6th January 2014 · 1 min read
Europe Economics Weekly The pitfalls in the euro-zone’s road to recovery Although our forecast for euro-zone GDP growth in 2014 of 0.5% is now only a little more downbeat than the consensus estimate, there remain plenty of risks that could yet derail the region's recovery... 6th January 2014 · 1 min read
DM Markets Chart Pack Markets take tapering in their stride The onset of Fed tapering has not been the game-changer for bond andequity markets that many had predicted. Indeed, in the weeks following theannouncement, equity prices continued to gain and bond... 3rd January 2014 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Nov 13.) The fall in euro-zone bank lending accelerated in November, suggesting that the banking sector will remain a significant drag on the region’s recovery. 3rd January 2014 · 1 min read
Europe Commercial Property Update Another good year in store for European logistics investment volumes Together with the fact that European logistics property yields look high in relation to the other main commercial property sectors, we think that the message from Eurostat's 2013 household ICT usage... 2nd January 2014 · 1 min read
ECB Watch ECB has more work to do in 2014 The ECB’s Governing Council appears unlikely to make any substantive policy changes at its first policy meeting of the year on 9th January. But the ongoing combination of weak economic growth, a... 2nd January 2014 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Dec 13.) The latest headline fiscal figures show that Italy and Spain, the periphery's two largest economies, may have struggled to make inroads into their budget deficits in 2013. 2nd January 2014 · 1 min read
Europe Economics Weekly Disaster averted for another year, but crisis unresolved Our fears that the euro-zone crisis would re-escalate in 2013 proved to be unfounded, thanks in part to the continued calming influence of the ECB’s OMT backstop. But the region’s fundamental problems... 23rd December 2013 · 1 min read
Europe Data Response Ireland GDP (Q3) Ireland’s Q3 GDP figures provided further hope that, having exited its bail-out programme, the economy is robust enough to stand on its own two feet. 19th December 2013 · 1 min read
Europe Commercial Property Focus Half a dozen key calls for European commercial property in 2014 As 2013 draws to a close, in this Focus we take the opportunity to outline a selection of our key calls for European commercial property markets in 2014, and the thinking that underpins them. 18th December 2013 · 1 min read
Europe Economics Update Will France fall into a triple-dip recession? Recent economic data may overstate the threat that the French economy will enter a triple-dip recession in Q4. But they do underline that the country’s recovery in 2014 will be very weak. 18th December 2013 · 1 min read
Europe Data Response German Ifo Survey (Dec.) December’s Ifo survey was consistent with other evidence pointing to steady but unspectacular growth in the German economy. 18th December 2013 · 1 min read
