http://www.colliers.com/en-us/sanfrancisco/insights
2013 | Q1 San Francisco Office Report >>
After a record setting 2012, San Francisco started 2013 with a strong first quarter. The global economy continued to bounce back and San Francisco remains ahead of the pack as job growth and increased productivity due to technology enhancements have benefitted the office market. The first quarter marked the eleventh consecutive quarter of positive net absorption and vacancy is hovering at 10 percent citywide. Even more encouraging is the 1.2 million square feet of ground up office development currently under construction, driven by the city’s increased employment and leasing volume over the last 24 months.
http://www.colliers.com/en-us/sanfrancisco/insights
Monday, April 8, 2013
Eco Analysis - February German IP expands by 0.5% (H. Amourda)
Eco Analysis - February German IP expands by 0.5% (H. Amourda)
Only a few key economic data were released this Monday. German Industrial production expanded by 0.5% mom in February, while the number for January was revised down markedly. For Q1, growth in industrial production is likely to be around 0, up with Q4, when it fell by 2.6% qoq. Based on a stronger recovery in private consumption, we still expect a robust rebound in GDP in Q1. In the euro area, the April Sentix investor survey fell further from -10.6 in March to -17.3. We now look forward the bulk of European IP data set to be released this week.
Following the stronger than expected factory orders last week, at 2.3% mom, February industrial production surprised on the upside as well. Indeed, the industrial production printed at 0.5% mom (cons: 0.3). Looking at the components, the construction sector contracted by 2.7% mom, possibly affected by poor weather conditions. The Bundesbank report shows some pressures from the energy component which rose from -0.4% mom to 3.9% mom in February, while the manufacturing component increased as well by 0.5% mom from -1.1% mom. Also noteworthy, the January figure was revised down from 0% mom to -0.6% mom. Looking ahead, our scenario remains for a technical rebound in GDP growth in Q1 2013.
Only a few key economic data were released this Monday. German Industrial production expanded by 0.5% mom in February, while the number for January was revised down markedly. For Q1, growth in industrial production is likely to be around 0, up with Q4, when it fell by 2.6% qoq. Based on a stronger recovery in private consumption, we still expect a robust rebound in GDP in Q1. In the euro area, the April Sentix investor survey fell further from -10.6 in March to -17.3. We now look forward the bulk of European IP data set to be released this week.
Following the stronger than expected factory orders last week, at 2.3% mom, February industrial production surprised on the upside as well. Indeed, the industrial production printed at 0.5% mom (cons: 0.3). Looking at the components, the construction sector contracted by 2.7% mom, possibly affected by poor weather conditions. The Bundesbank report shows some pressures from the energy component which rose from -0.4% mom to 3.9% mom in February, while the manufacturing component increased as well by 0.5% mom from -1.1% mom. Also noteworthy, the January figure was revised down from 0% mom to -0.6% mom. Looking ahead, our scenario remains for a technical rebound in GDP growth in Q1 2013.
Turkey: Gradual recovery in IP
Turkey: Gradual recovery in IP
At 1.6% y/y, February’s industrial production (IP) index was slightly below the market consensus and our expectation of 2%. On a seasonally and calendar adjusted basis, IP increased by 1.5% m/m, following a rise of 2.4% m/m in January and offset the 3.5% m/m contraction in December. The weaker-than-expected IP data in February hint that the economic recovery is likely to be gradual and slower than envisaged, despite the CBRT’s monetary easing. Yet, we expect the pickup in the manufacturing activity to become more visible in Q2, as suggested by the strong pace of credit growth and above 50 PMI readings.
At 1.6% y/y, February’s industrial production (IP) index was slightly below the market consensus and our expectation of 2%. On a seasonally and calendar adjusted basis, IP increased by 1.5% m/m, following a rise of 2.4% m/m in January and offset the 3.5% m/m contraction in December. The weaker-than-expected IP data in February hint that the economic recovery is likely to be gradual and slower than envisaged, despite the CBRT’s monetary easing. Yet, we expect the pickup in the manufacturing activity to become more visible in Q2, as suggested by the strong pace of credit growth and above 50 PMI readings.
Sunday, April 7, 2013
Chile: Feeble February Growth
Chile: Feeble February Growth
Nader Nazmi - Market Economics
Latam Macro Snapshot | 05 Apr 2013 |
Growth of real GDP, as measured by its monthly proxy Imacec, decelerated from 6.5% y/y in January to 3.8% y/y in February. This is in line with our 3.9% y/y forecasts but falls well short of the 4.8% y/y median estimate from the Bloomberg survey.
Nader Nazmi - Market Economics
Latam Macro Snapshot | 05 Apr 2013 |
Growth of real GDP, as measured by its monthly proxy Imacec, decelerated from 6.5% y/y in January to 3.8% y/y in February. This is in line with our 3.9% y/y forecasts but falls well short of the 4.8% y/y median estimate from the Bloomberg survey.
Friday, April 5, 2013
Texas Refinery Is Saudi Foothold in U.S. Market
Texas Refinery Is Saudi Foothold in U.S. Market
Published: Friday, 5 Apr 2013 | 9:21 AM ET
By: By Clifford Krauss
PORT ARTHUR, Tex. — It is hard to imagine the desert sands of the Persian Gulf being any farther away than from this swampy refinery port known for Cajun food, sport fishing and being the birthplace of Janis Joplin.
But right in the middle of town stands a strategic outpost for Saudi Arabia's global ambitions, although one that the Saudis appear loath to publicize.
http://www.cnbc.com/id/100618028
Published: Friday, 5 Apr 2013 | 9:21 AM ET
By: By Clifford Krauss
PORT ARTHUR, Tex. — It is hard to imagine the desert sands of the Persian Gulf being any farther away than from this swampy refinery port known for Cajun food, sport fishing and being the birthplace of Janis Joplin.
But right in the middle of town stands a strategic outpost for Saudi Arabia's global ambitions, although one that the Saudis appear loath to publicize.
http://www.cnbc.com/id/100618028
Investment opportunities in debt fund strategies
Investment opportunities in debt fund strategies
Thu, 04/04/2013 - 11:13
Download the special report Investment opportunities in debt fund strategies
BNP Paribas
By James Williams – Prior to the global financial crisis the ability for European corporates to finance themselves via leveraged loans was dominated by a prevalence of collateralised loan obligations (CLOs): in 2007, at its peak, the CLO market bought up two thirds of the USD166billion of leveraged loans issued that year, according to ratings agency Standard & Poor’s.
http://www.hedgeweek.com/2013/04/04/182608/investment-opportunities-debt-fund-strategies
Thu, 04/04/2013 - 11:13
Download the special report Investment opportunities in debt fund strategies
BNP Paribas
By James Williams – Prior to the global financial crisis the ability for European corporates to finance themselves via leveraged loans was dominated by a prevalence of collateralised loan obligations (CLOs): in 2007, at its peak, the CLO market bought up two thirds of the USD166billion of leveraged loans issued that year, according to ratings agency Standard & Poor’s.
http://www.hedgeweek.com/2013/04/04/182608/investment-opportunities-debt-fund-strategies
Thursday, April 4, 2013
US Hears Footsteps of Global Challengers in NatGas Boom
US Hears Footsteps of Global Challengers in NatGas Boom
Published: Thursday, 4 Apr 2013 | 2:15 PM ET
By: Javier E. David
Special to CNBC.com
The United States, currently one of the world's largest sources of natural gas, may find itself fending off increasingly stiff competition in the resource's development, as the move to tap natural gas supplies goes global.
http://www.cnbc.com/id/100617228
Published: Thursday, 4 Apr 2013 | 2:15 PM ET
By: Javier E. David
Special to CNBC.com
The United States, currently one of the world's largest sources of natural gas, may find itself fending off increasingly stiff competition in the resource's development, as the move to tap natural gas supplies goes global.
http://www.cnbc.com/id/100617228
Wednesday, April 3, 2013
San Francisco SERI Report 2013
http://www.studley.com/research-documents-search-results.htm?l=San Francisco
San Francisco SERI Report 2013
Total rent, $58.35, posted a 4.7% year-on-year increase. Net rent rose for the second year in a row, averaging $38.00. Electricity (+1.5%), real estate taxes (+2.0%) and operating expenses (+2.1%) all increased.
http://www.studley.com/research-documents-search-results.htm?l=San Francisco
San Francisco SERI Report 2013
Total rent, $58.35, posted a 4.7% year-on-year increase. Net rent rose for the second year in a row, averaging $38.00. Electricity (+1.5%), real estate taxes (+2.0%) and operating expenses (+2.1%) all increased.
http://www.studley.com/research-documents-search-results.htm?l=San Francisco
The United States of Oil (12 of 12)
The United States of Oil
By John Lippert - Apr 2, 2013
12 of 12
Millions of Barrels
http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide12
By John Lippert - Apr 2, 2013
12 of 12
Millions of Barrels
http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide12
The United States of Oil (11 of 12)
The United States of Oil
By John Lippert - Apr 2, 2013
11 of 12
In the Zone
http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide11
By John Lippert - Apr 2, 2013
11 of 12
In the Zone
http://www.bloomberg.com/slideshow/2013-04-02/the-united-states-of-oil.html#slide11
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