After another week in which geopolitics set the stage for wider market moves, latest data shows a stabilisation in the decline of global democracy scores.

Oil prices have fluctuated around news flow and the ability of shipping to navigate the Strait of Hormuz.

The conflict in the Middle East is another reminder of the volatility of geopolitics and the fragility of global supply chains. We assess the likely impacts on European real estate and consider the specific impacts on real estate sectors.