Europe Economics Weekly Lower energy prices ease pressure on the ECB The decline in energy prices this week suggests that energy inflation in the euro-zone has already peaked. And with little evidence of second-round effects on wages, the chance of the ECB raising... 19th June 2026 · 6 mins read
Europe Commercial Property Update Near-term downgrade to industrial, but long-term outlook solid Weak economic activity in the near term will push euro-zone industrial rental growth to its slowest pace in more than a decade this year. However, we expect rental growth to return to an above-average... 18th June 2026 · 3 mins read
Europe Economics Update Euro-zone inflation unlikely to rise much further May’s jump in services inflation was entirely due to Easter timing effects and higher jet fuel prices. Looking ahead, even if it takes some time for the flow of energy through the Strait of Hormuz to... 17th June 2026 · 3 mins read
Europe Rapid Response Euro-zone Industrial Production (April 2026) Euro-zone industrial production held up well in the first two months of the Iran war, and the recent news on the Strait of Hormuz will be welcomed by the region’s manufacturers. But energy prices are... 15th June 2026 · 2 mins read
Europe Economics Weekly Suites of scenarios, models and European central banks The ECB's updated projections imply that at least one more interest rate hike will be necessary. But the absence of any clear guidance in yesterday's ECB press conference was arguably a dovish signal... 12th June 2026 · 6 mins read
Capital Daily The ECB falls for it again, but the euro is unlikely to benefit Faced with spiking energy prices and a slowing economy, policymakers have, in line with past ECB practice, put the emphasis on the inflation threat. If previous similar episodes are any guide, today’s... 11th June 2026 · 5 mins read
Europe Economics Update The ECB is not done yet After the ECB raised interest rates by 25bp today, taking the deposit rate to 2.25%, Christine Lagarde gave nothing away about the Bank’s likely next move in the press conference. We might learn more... 11th June 2026 · 3 mins read
Europe Commercial Property Focus European student housing outperformance has further to run The two-decade period of student accommodation outperformance in Europe is set to continue, supported by higher income returns, favourable structural demand drivers and still-tight supply. Within... 9th June 2026 · 11 mins read
Capital Daily Markets back under pressure, and relief may be uneven Inflation – and central banks’ response to it – may continue to be a thorn in the side of the bond market for a while. But, there’s still limited evidence in markets of runaway inflation expectations... 8th June 2026 · 6 mins read
Europe Chart Pack Europe Chart Pack (Jun. 2026) Prospects for the euro-zone economy have deteriorated due to the Iran war and related energy price shock. After declining in Q1 (due to a slump in Ireland) we forecast euro-zone GDP growth to flatline... 5th June 2026 · 1 min read
Europe Economics Weekly Crazy Irish GDP numbers; “ethical” US tariffs? We are not worried by the downward revision to first-quarter GDP data for the euro-zone because it was entirely due to a slump in Ireland, whose national accounts data are notoriously volatile... 5th June 2026 · 5 mins read
ECB Watch ECB unlikely to raise interest rates very far A 25bp rate hike next week, taking the deposit rate to 2.25%, looks nailed on and we suspect that will be followed by another in July. But second-round effects of higher energy prices on inflation... 4th June 2026 · 8 mins read
