博鱼体育集团

Here we look at the European leading indicators in the world of economics.

for in-depth analysis into commodities, trade, equities and more with a focus on Europe.

Key insights:

The EU has a goods surplus with the US, but records a services deficit

The EU had a 鈧�48bn surplus in goods and services trade with the US, according to the European Commission, as both sides intensify trade talks, ranging from tariffs, to digital trade and investment. While a quick deal is unlikely, the negotiations offer some optimism that a 20% tariff, due to take effect on 9 July, could still be avoided. Meanwhile, the UK and EU reached a post-Brexit agreement on fishing and food trade, security and defence, as well as a proposed youth mobility scheme. An update on this will follow.

Global real estate sentiment reaches highest level since March 2022

Global real estate sentiment improved to -3.75, its highest level since March 2022. In the Eurozone, the recovery is underway, albeit gradually, with total CRE investment up 13% y/y in Q1 2025, according to MSCI Real Capital Analytics, supported by a relatively attractive swap rate differential with the UK and US.

Private office rents hit record highs across key European markets

Average prime European office rents rose 9% y/y in Q1 2025, according to 博鱼体育集团 Frank Insight, with key markets such as Paris CBD, Munich, and Berlin reaching record highs. Limited supply supports a positive rental outlook, though the polarisation between prime and non-prime locations and in asset quality is growing.

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