Europe Commercial Property Update Do the harmonised falls in property yields in Paris and Lyon make sense? On first glance, it is striking that falls in property yields in Lyon have more or less matched those in Paris. However, with broadly similar prospects for rental value growth, at least for the retail... 2nd December 2010 · 1 min read
Europe Economics Update ECB does the bare minimum Anyone hoping that the European Central Bank would respond to the euro-zone debt crisis with “shock and awe” today will have been severely disappointed. The fact that it failed to respond more... 2nd December 2010 · 1 min read
Europe Chart Pack Core economies shrug off debt worries The euro-zone economy has continued to recover despite the periphery’s troubles, with export growth holding up particularly well. It is too soon for the euro’s recent depreciation to have had an... 2nd December 2010 · 1 min read
Europe Data Response Euro-zone GDP Breakdown (Q3) The second estimate of euro-zone Q3 GDP provided some moderate encouragement that the economic recovery in the region is becoming a little more broad-based. But there are still good reasons to be... 2nd December 2010 · 1 min read
Europe Economics Update Will the ECB ride to the rescue? Recent comments from ECB President Trichet have brought hope that the Bank might step up its bond purchases to support peripheral markets. But to make any real difference, the ECB would probably need... 1st December 2010 · 1 min read
Europe Economics Focus Can the euro-zone really break up? There are several practical obstacles to leaving the euro-zone which mean that this is not an easy option. But if the benefits were deemed large enough, none of the obstacles would be insurmountable... 30th November 2010 · 1 min read
Europe Data Response Euro-zone Flash CPI (Nov.) & Unemployment (Oct.) The latest news on the euro-zone economy suggests that the recent strength of activity in the region is doing little to raise price pressures or improve conditions in the labour market. 30th November 2010 · 1 min read
Europe Commercial Property Update Will a strong krona derail the recovery in Swedish industrial rents? The recent strength of the Swedish krona has not prevented a modest recovery in industrial rents. Yet, further appreciation looks imminent and the growth outlook in Sweden’s key export markets is weak... 29th November 2010 · 1 min read
Europe Data Response Euro-zone EC Survey (Nov.) November’s EC business and consumer survey confirmed that the sovereign debt crisis in Ireland and elsewhere is not yet standing in the way of a broader recovery in the euro-zone economy. But the... 29th November 2010 · 1 min read
Europe Economics Update Irish bailout details provide markets with little comfort The further details of the Irish bailout package and the euro-zone’s permanent crisis resolution mechanism confirm that Germany and other European hardliners are in no mood to make major concessions... 29th November 2010 · 1 min read
Europe Economics Weekly German growth amid peripheral peril Ireland’s bailout and four-year fiscal plan have failed to reduce concerns about the euro-zone’s periphery. In fact, they are spreading again, most worryingly to Spain. While the risk of such a large... 29th November 2010 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Nov.) The latest money and credit figures show that annual lending growth is continuing to pick up. Nonetheless, with the periphery’s banks still in a vulnerable position, the ECB’s plan for a gradual... 26th November 2010 · 1 min read
Europe Data Response German Flash CPI (Nov.) November’s rise in German HICP inflation reflected a temporary boost from the energy and food components. The rate remains low, at 1.6%, and looks set to fall again in the coming months as these... 26th November 2010 · 1 min read
ECB Watch Phasing out support despite peripheral crisis The ECB faces the difficult task this month of weighing up the periphery’s disastrous situation on the one hand and pretty strong growth in the core euro-zone economies on the other. With the region’s... 25th November 2010 · 1 min read
Europe Economics Update Ireland's fiscal plans will do little to ease markets' fears The recent increase in political uncertainty and rising concerns about banks’ near-term funding needs have only added to Ireland’s problems. Indeed, the further details on the shape of the fiscal... 24th November 2010 · 1 min read
Europe Commercial Property Update When will euro-zone office rental values recover their 2008 highs? Reflecting improvements in economic activity, there have recently been isolated reports of rising prime office rental values in parts of the euro-zone. While the floor for rents is now behind us... 24th November 2010 · 1 min read
