London Property Market Snapshot: January 2017
With the exception of the Shanghai Composite and Hang Seng indices, key global stock markets recorded gains in December. The strongest gains were in Germany and France, where the benchmark DAX 40 and CAC 30 indices rose by 8% and 6% respectively.
The strength of the two largest European equity markets was consistent with some encouraging news about the euro-zone economy. For example, in November unemployment fell by 15,000, leaving the unemployment rate unchanged at 9.8%. December’s PMI suggested that GDP growth is likely to accelerate slightly in the fourth quarter, to perhaps 0.3% q/q.