Europe Commercial Property Update Will Stockholm's prime office yield underperformance last? The recovery in Stockholm’s prime office yields may have got off to a late start, but we do not think their underperformance relative to the neighbouring Nordic markets of Copenhagen and Oslo will... 18th August 2010 · 1 min read
Europe Economics Update Two-speed euro-zone still on shaky ground Q2’s GDP figures highlighted huge divergences within the euro-zone. We have revised up our growth forecast for this year, but this is entirely down to a better performance by Germany. And with... 17th August 2010 · 1 min read
Europe Data Response German ZEW (Aug.) August’s drop in the German ZEW index will dent any hopes that the strength of the recovery in Q2 could continue. Although the economy should post a strong annual gain of 3% or more this year as a... 17th August 2010 · 1 min read
Europe Economics Weekly Strong growth for now, but deflation risk remains The news that euro-zone GDP rose by 1.0% in Q2 confirmed that the economy is performing very well, both by its own and international standards. But this might not last. The recovery is still heavily... 16th August 2010 · 1 min read
Europe Commercial Property Update GDP data flatter the euro-zone occupier market outlook The surprisingly strong rise in euro-zone GDP in Q2 2010 is probably less supportive for occupier markets than it appears at first sight. For a start, the region remains vulnerable to a slowdown in... 13th August 2010 · 1 min read
Europe Data Response Euro-zone GDP (Q2) Q2’s GDP figures confirm that the euro-zone performed surprisingly well, both by its own and international standards. But the recovery remains dependent on exports from the core economies, which look... 13th August 2010 · 1 min read
Europe Economics Update Greek fiscal squeeze taking its toll on the economy Recent news has confirmed that the Greek central government is meeting its ambitious deficit reduction goals, adding to evidence that it will receive its second tranche of euro-zone and IMF funds in... 12th August 2010 · 1 min read
Europe Data Response Euro-zone Industrial Production (Jun.) Despite a small drop in production in June, the industrial sector remains the eurozone’s main engine of growth. But there remain stark divergences in industrial performance within the region. 12th August 2010 · 1 min read
Europe Economics Focus Could a weaker euro save the euro-zone? A sharp drop in the euro exchange rate might seem like the answer to all of the currency unions problems. But while it might boost the core economies exports, it would do little to help the troubled... 11th August 2010 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Investment market upturn to fade in H2 2010 (Aug 10) Investment market activity strengthened in the second quarter across the UK, Scandinavia and Emerging Europe with the result that initial yields fell a little further in a number of office, retail and... 10th August 2010 · 1 min read
Europe Economics Update Rise in German imports is not as good as it seems The recent surge in German imports has brought hope that the recovery there is starting to benefit the rest of the world. But Germany is still running a very large trade surplus and the persistent... 10th August 2010 · 1 min read
Europe Economics Weekly Is there any hope for euro-zone consumers? On the whole, the news on the euro-zone was fairly good again last week. Industrial figures from Germany confirmed that Q2 was a very good quarter and the final release of July’s euro-zone PMI surveys... 9th August 2010 · 1 min read
Europe Economics Update Political turmoil unlikely to threaten Italy's public finances Since Italy has already put in place measures to reduce its budget deficit over the next couple of years, the current political uncertainties do not pose a major risk to the near-term outlook for the... 9th August 2010 · 1 min read
Europe Data Response German Industrial Production (Jun.) & Italian GDP (Q2) German industrial production data and GDP estimates from Italy and Spain confirm that the euro-zone recovery gained pace in Q2, with Germany far in the lead despite June’s small fall in production. 6th August 2010 · 1 min read
Europe Commercial Property Update Are Paris retail yields too low? Compared to offices, history suggests that retail property yields in Paris are too low. The weak outlook for consumer spending and the stronger outlook for office rental value growth point to the same... 5th August 2010 · 1 min read
Europe Economics Update Cautious ECB to maintain policy support The ECB maintained a cautious stance towards the economic outlook at August’s press conference, despite recent surprisingly positive news. With the pick-up in growth likely to prove temporary, policy... 5th August 2010 · 1 min read
