_Economy and Finance

http://www.property-magazine.eu/london-office-market-good-prospects-from-2014-23396.html UK 13. Dezember 2012 London office market: Good prospects from 2014 In its latest research paper, Henderson’s c. £12.4 billion Property business, examines prospects for the Central London office market. The report notes that City Fringe, West End and Midtown sub-markets have benefitted from strong take up by technology, media and telecommunications firms during an otherwise difficult year for the domestic economy. Core City take up has been dominated by lettings from the insurance sector with very subdued activity from banking. Underlying City take-up has been relatively stable over the last 12 months or so, at around 75% of the long run average. This sub-par level of activity is expected to persist while low confidence and volatility persists in the markets.

Eco Analysis - UK lending positive again but SME finance still weak (B. Hilliard) The UK money and credit release showed mortgage approvals picking up much as expected - a slightly faster pace from 63.4k to 66.7k. This is still very low compared to all the hype about the housing boom though but further gains are certain to follow. Consumer credit was a little bit weak at only £0.4bn.

Ultra-low yields suggest London property crash around the corner By Tom Bill LONDON | Fri Jul 26, 2013 4:56pm BST (Reuters) - Voracious investor demand for the best London real estate is approaching record levels that could trigger a price crash in popular areas such as upmarket Bond Street, property experts said this week.

Eco Analysis - Mixed UK data but Q2 still looks strong (B. Hilliard) The UK data released today show the housing market revving up in response to the government's Help to Buy scheme. UK manufacturing output surprised with a sharp fall but Q2 GDP still looks on track for a strong gain of around 0.5% qoq.

Q1 2013 occupier activity increases by 25% in UK’s Big Six office markets Current occupier demand levels, prelets and speculative starts buoy optimism London, 1 May 2013 – Signs of recovery across the UK’S Big Six* regional office markets continued during the first quarter of 2013 (Q1 2013) with total occupier take-up reaching one million sq ft, an increase of 25% compared with the same period last year, according to Jones Lang LaSalle’s latest research. http://www.joneslanglasalle.co.uk/UnitedKingdom/EN-GB/Pages/NewsItem.aspx?ItemID=27899

■ UK data bring back the fear of a “triple dip” January manufacturing output contracted along with industrial production (-1.2% mom). Most of the fall in the industrial production can be attributed to the maintenance issues in the North Sea production platforms; which already contributed to the deterioration in activity in Q4 2012. In addition, the heavy snow in January had a strong negative impact on the manufacturing output. As these factors are temporary and set to be reversed, it is too early to expect a technical recession in Q1 2013.Looking ahead, the sharp fall of sterling since the beginning of the year will play some role in helping the manufacturers.

London regains crown as most expensive market for office space -report By Ilaina Jonas NEW YORK | Tue Feb 19, 2013 9:19 pm GMT (Reuters) - London elbowed its way past Hong Kong to regain the title as the world's most expensive market in which to rent office space, while Rio de Janeiro jumped to the No. 3 spot from No. 8, according to a report by global real estate services firm Cushman & Wakefield. http://uk.reuters.com/article/2013/02/19/uk-globalproperty-officerents-idUKBRE91I17N20130219

Eco Analysis - UK in or out? (B. Hilliard) UK PM Cameron delivered his “Europe” speech in London and committed to holding a referendum on Britain's future in the EU if a Conservative government is re-elected in May 2015. The issue is thus set to remain theoretical for a while, but uncertainty can have a negative impact on investment flows into UK in the meantime. On the data side in Europe, French industrial confidence surprised on the downside in January as internal and external demand ebbed. Hence, in contrast with the German Zew survey, hopes that the improved market sentiment paves the way for more positive hard data in the euro area will be disappointed (at least in France in the short term).

UK: House Hunting David Tinsley One of the interesting and potentially useful developments in the UK recently has been some signs that the housing market might be firming up. The latest indicators in this regard will bear watching carefully over the first few months of this year.

EUROPE NEWS NOVEMBER 16, 2011, 3:21 P.M. ET Youth Hit as U.K. Jobless Rate Rises Bank of England lowers its growth forecasts By ILONA BILLINGTON and ALEX BRITTAIN LONDON—U.K. unemployment rose again in October, while the number of young people without a job topped one million at the end of September, data showed Wednesday, increasing political pressure on Prime Minister David Cameron to come up with a solution to an issue that has plagued consecutive governments.

U.K. Unemployment Claims Climbed Last Month at Fastest Pace Since May 2009 Q By Scott Hamilton - Jul 13, 2011 5:35 PM GMT+0900 U.K. jobless claims rose at their fastest pace since May 2009 last month, a sign the recovery is struggling to generate enough jobs to offset the deepest government budget cuts since World War II.

French Banks Face Greatest Italian Risk Q By Fabio Benedetti-Valentini - Jul 13, 2011 7:01 AM GMT+0900 French banks, including BNP Paribas SA and Credit Agricole SA (ACA), have the most at risk from the euro- region’s debt crisis infecting Europe’s largest borrower: Italy.

Related News: Bloomberg , UK , Ireland , Bonds , Economy , Finance , Europe , France , Eastern Europe , Germany Bloomberg : Greek Default Would Spell ‘Havoc’ for European Banks a Year After Bailout By Aaron Kirchfeld and Elena Logutenkova - Jun 20, 2011 12:31 PM GMT+0900 A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default.

Related News: Economy, Europe, France, Germany, U.K. & Ireland, Bonds, Eastern Europe, Italy, Currencies Europe May Withhold Half of Greek Payment By James G. Neuger and Jonathan Stearns - Jun 20, 2011 8:16 AM GMT+0900 European governments weighed withholding half of Greece’s next 12 billion-euro ($17.2 billion) aid payment, seeking to keep the country solvent while maintaining pressure on the government to slash the debt that pitched the euro area into crisis.

Related News: Economy · Insurance · Canada · Japan · U.K. & Ireland · Stocks Profits Seen Increasing Jobs as Earnings in U.S. Grow Fastest Since 1940s By Shobhana Chandra - Jun 13, 2011 8:01 AM GMT+0900 Profits at American companies are poised to be one of the few bright spots in the U.S., helping to steady the faltering recovery.

Related News: Economy · Asia · China · Finance · Real Estate · Africa · Canada · Europe · Latin America · U.S. · Bonds · Currencies · Middle East · Japan · U.K. & Ireland · Insurance · Funds · Commodities · India & Pakistan ‘Perfect Storm’ May Threaten Global Economy By Shamim Adam - Jun 13, 2011 8:58 AM GMT+0900 A “ perfect storm ” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.

Related News: Germany · Bonds · Currencies · Economy · Eastern Europe · Europe · France · U.K. & Ireland · Italy · Hedge Fund Summit Greek Default Would Not Destabilize the Euro, Bundesbank’s Weidmann Says By Richard Weiss - Jun 12, 2011 9:46 PM GMT+0900 Bundesbank President Jens Weidmann raised the pressure on governments to agree to a Greek bailout without the European Central Bank taking part in easing the country’s debt burden, saying the euro can withstand a default.

Related News: Economy · Asia · Europe · Japan · U.K. & Ireland · U.S. · Currencies · Funds · Insurance · Middle East · France · Canada Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative By Catarina Saraiva and Allison Bennett - May 23, 2011 1:08 PM GMT+0900 The best-performing currencies of 2011 are falling out of favor as the Federal Reserve plans its exit from record monetary stimulus just as the global economy shows signs of slowing, buffeting commodities and stocks.

Related News: Finance · Law · Europe · U.K. & Ireland · Bonds U.K.’s ‘Moderate’ Bank Report Calls for More Capital, Sales By Jon Menon and Gavin Finch - Apr 11, 2011 7:55 PM GMT+0900 The Independent Commission on Banking recommended the U.K.’s biggest banks should hold core Tier 1 capital levels of about 10 percent, implement plans for an orderly bankruptcy and ring-fence consumer units in what it termed a “moderate” set of proposals.

Related News: Europe · Germany · Finance · U.K. & Ireland · Currencies · Bonds · France · Economy · Italy European Stress Tests to Examine Banks’ Readiness for Basel III By Ben Moshinsky - Apr 8, 2011 8:01 AM GMT+0900 European regulators were criticized by German banks for a plan to incorporate into this year’s stress tests global capital standards that aren’t scheduled to be implemented for eight years.