Europe Chart Pack Slowdown broadening The slowdown seems to be broadening to the domestic economy, not only in the periphery but also in the core economies. While activity in the industrial and external sectors has slowed further, surveys... 7th July 2011 · 1 min read
Europe Commercial Property Update Is rising construction confidence a downside risk to rental values? Rising construction confidence in Europe may be a sign that commercial property developers are gaining in optimism about the outlook for occupier demand and preparing to boost supply pipelines. Yet... 7th July 2011 · 1 min read
Europe Commercial Property Update Rising interest rates not yet a threat to Swedish property valuations Relative to historic norms and compared to many other markets, property/bond yield spreads in Stockholm seem quite low. However, the above-average outlook for rental value growth suggests that these... 6th July 2011 · 1 min read
Europe Data Response Euro-zone Retail Sales (May) & Final Comp. PMI (Jun.) May’s drop in euro-zone retail sales provided further evidence that the intensifying effects of the fiscal squeeze will leave consumers with little chance of taking up the reins as the external and... 6th July 2011 · 1 min read
Europe Economics Update Swedish Riksbank hikes rates and signals more to come The Swedish Riksbank once again raised interest rates and reiterated that it expects more to come. While we expect further hikes in the short term, we think that the pace of monetary tightening will... 6th July 2011 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank hikes rates and signals more to come The Swedish Riksbank once again raised interest rates and reiterated that it expects more to come.While we expect further hikes in the short term, we think that the pace of monetary tightening willbe... 5th July 2011 · 1 min read
Europe Economics Weekly Greek plan won’t end the periphery’s problems The risk of an imminent Greek disaster appears to have eased after the Greek parliament passed the crucial medium-term fiscal bill last week. But European policymakers’ inability to deal with the... 5th July 2011 · 1 min read
Europe Data Response Euro-zone Unemployment (May) Growth in remittances from Overseas Filipino Workers (OFW) to the Philippines has slowed since the 2008-09 global crisis. However, we believe that remittances growth is likely to stabilise rather than... 2nd July 2011 · 1 min read
Europe Commercial Property Update Office yields in Milan likely to fall behind core euro-zone markets Despite concerns about its solvency, financial markets are still giving the Italian economy the benefit of the doubt. For now, property investors are treating Milan’s office market in a similar... 2nd July 2011 · 1 min read
ECB Watch Rates going up, but will ECB approve Greek deal? The ECB seems certain to deliver the pre-signalled interest rate hike to 1.5% at its July policy meeting. Accordingly, the key interest will be in what clues, if any, it gives on the likely path of... 1st July 2011 · 1 min read
Europe Economics Update Hidden costs could hinder Portugal’s fiscal efforts The Portuguese government’s latest efforts to implement extra fiscal measures to ensure it meets its budget deficit target are encouraging. But even if the Government manages to push through the huge... 1st July 2011 · 1 min read
Europe Data Response Euro-zone Flash CPI & German Unemployment (Jun.) June’s euro-zone CPI inflation figures are likely to prompt the ECB to maintain a pretty hawkish tone at next week’s press conference. 1st July 2011 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jun.) The latest data show that euro-zone money and credit growth remain subdued, supporting the view that CPI inflation will fall below the ECB’s target as the boost from energy and food subsides. While a... 1st July 2011 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jun.) While plans for a Greek debt roll-over and a second bail-out should ease immediate default concerns and funding pressures, Greece is still struggling to rein in its budget deficit, highlighting the... 30th June 2011 · 1 min read
Europe Commercial Property Update Nordic investment market attractive, but difficult to enter The strength of the Norwegian and Swedish economies is consistent with reports that investment demand for commercial property in the Nordics among international funds is on the up. However, high... 30th June 2011 · 1 min read
Europe Economics Update Greek disaster averted, for now at least The fact that the Greek parliament has passed the Government’s medium-term fiscal plan clearly reduces the chances of a near-term disaster, but the country remains in a precarious position. 30th June 2011 · 1 min read
