Recent Euro Area economic data have been sending a less pessimistic signal. Wednesday’s releases are in line with this trend. The European Commission’s confidence indicator shows a mild improvement in economic…
Confidence is on the mend in the Euro Area. The rebounding ZEW growth expectations index reveals that investors are becoming more optimistic. The German IFO's business climate index inched higher in October for the first time…
In this report, we go around the globe and survey the near-term outlook for G10 currencies. Our longer-term view on the dollar has been clear, we are sellers. In this report, we review if a tactical sell is also warranted given…
High interest rates will eventually cause growth to slow. Signs of stress are already starting to show. Stay cautiously positioned.
The Eurozone's October inflation release confirmed the signal from the German and Spanish reports that price pressures are moderating. CPI inflation softened from 4.3% y/y to 2.9% y/y (below expectations of 3.1% y/y) while…
What will the next manufacturing cycle look like in Europe and how will risk assets perform? Lessons from the recent past.
According to BCA Research’s European Investment Strategy service, the euro's correction is now advanced. During the first week of the month, EUR/USD briefly dipped below 1.045. Previously, the team argued it would…
Yields remain the force dominating the evolution of markets. A peak in yields would help European assets rebound, but the war in the Middle East could push higher energy prices, with negative consequences for Europe.