Europe Economics Weekly The Grand Bargain - bazooka or popgun? Peripheral euro-zone bond yields fell further last week in apparent anticipation of the so-called “Grand Bargain” of policy measures. But the markets’ optimism raises the danger that the package falls... 7th February 2011 · 1 min read
Europe Economics Update ECB keeps its finger off the trigger The lack of a further step-up in the ECB’s anti-inflation rhetoric today supports our view that the Bank is unlikely to tighten policy in the near future. Nonetheless, its generally hawkish stance... 3rd February 2011 · 1 min read
Europe Commercial Property Update Emerging European office rental value growth prospects mixed Over the next few years, office markets in Warsaw, Moscow and Istanbul look set to continue outperforming other Emerging European capitals. Indeed, brighter GDP and employment growth prospects suggest... 3rd February 2011 · 1 min read
Europe Economics Update Is Ireland's bail-out under threat? Ireland’s next Government will push for better terms on its existing bail-out package, but it will enter discussions in a weak bargaining position. Even if it does gain major concessions there is a... 2nd February 2011 · 1 min read
Europe Chart Pack Rising inflation unnerves the ECB The further rise in euro-zone CPI inflation at the start of 2011 will have done little to ease the ECB’s fears that price pressures in the region are building. Nonetheless, inflation remains far lower... 1st February 2011 · 1 min read
Europe Economics Update Grand bargain will be no cheap way out of the crisis Expectations are growing that euro-zone leaders will soon agree to a series of new measures - collectively labelled the “grand bargain” - to bolster the policies already in place to deal with the... 1st February 2011 · 1 min read
Europe Data Response Euro-zone Unemp. (Dec.), Ger. Unemp. & E-Z Manu PMI (Jan.) The latest euro-zone data provide encouraging signs that the economic recovery is filtering through to the labour market and that the industrial sector is still expanding strongly. But large... 1st February 2011 · 1 min read
Europe Commercial Property Update Frankfurt to lead Germany's office rental recovery The relative importance of the banking and financial services industries to the Frankfurt office market could mean that occupier demand will recover faster here than elsewhere in Germany. Meanwhile... 31st January 2011 · 1 min read
Europe Economics Weekly ECB & rising euro pose new threats Last week’s successful first EFSF bond issue was hailed by some as a strong vote of confidence in the euro-zone. We are not so sure. The rise in Portuguese bond yields back up to the 7% danger level... 31st January 2011 · 1 min read
Non-Euro Europe Commercial Property Outlook Slower capital value growth in store for 2011 In non-euro-zone Europe, we envisage a divergence between the performance of commercial property markets in emerging and developed economies. Reflecting the relatively strong outlook for economic... 28th January 2011 · 1 min read
Europe Commercial Property Outlook Commercial property recovery to run out of steam in 2011 Much of the coverage of the wider fall-out from the crisis in Egypt has focused on the potential impact on oil prices, but this threat to the global recovery is almost certainly exaggerated. Instead... 28th January 2011 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jan.) The latest euro-zone money and credit data continue to suggest that inflationary pressures in the region as a whole remain subdued, adding to evidence that the recent sharp rise in the headline CPI... 28th January 2011 · 1 min read
ECB Watch ECB to maintain its hawkish stance At February’s press conference, President Trichet looks set to maintain a fairly hawkish tone, adding to fears that the ECB might raise interest rates later this year and possibly placing further... 27th January 2011 · 1 min read
Europe Data Response German Flash CPI (Jan.) The further rise in German CPI inflation in January is likely to add to the ECB’s worries about building inflationary pressures. But the chances of inflation reaching the levels seen in mid 2008, when... 27th January 2011 · 1 min read
Europe Data Response Euro-zone EC Survey (Jan.) January’s EC business and consumer survey adds to evidence that the euro-zone economy has made a pretty good start to the year. But the recovery remains heavily reliant on the industrial and external... 27th January 2011 · 1 min read
Europe Commercial Property Update Is German retail property really Europe's best bet? Survey evidence suggests that German commercial property, retail in particular, is now at the top of cross-border investors’ target lists, while the UK has slid down the rankings. This shift in... 27th January 2011 · 1 min read
