EUR/USD continued to weaken on Thursday after collapsing 0.57% to a new 2021 low in the previous day. Notably, the cross breached the 1.15 technical resistance level which raises the risk that it will continue to fall over the…
The UK economy decelerated in Q3 with the GDP print falling below expectations. Economic growth slowed from 5.5% to 1.3% q/q versus an anticipated 1.5% rate. Similarly, year-over-year growth moderated to 6.6% from 23.6%. However…
The ZEW Financial Market Survey shows a deterioration in experts’ assessment of current conditions in the Euro Area. The German and Eurozone Current Economic Situation indicators lost 9.1 points and 4.3 points in November,…
The Sentix Economic Index for the Eurozone unexpectedly increased in November. The overall index rose 1.4 points to 18.3 – marking the first improvement since July 2021 and beating expectations of a decline to 15. The…
BCA Research’s European Investment Strategy service introduced their rotation graphs to assess the evolution of the relative trend and momentum of various assets. The rotation graph for European sectors suggests that…
The Bank of England kept policy unchanged at its meeting on Thursday. The Monetary Policy Committee voted by a majority of 6-3 to maintain UK bond purchases and a majority of 7-2 to keep the Bank Rate at 0.1%. Governor Bailey…
Highlights Duration & Country Allocation: Global bond yields have been driven by growth and inflation expectations over the past year, but shifting policy expectations are now the more important driver. Tighter monetary policies…
Highlights The market pricing of the ECB is too aggressive. More so than in the US, temporary factors explain the European inflation surge. Energy, taxes, and base effects account for the bulk of the price increases. In contrast to…
Eurozone bonds continued to sell off on Friday on the expectation that higher inflation would eventually force the ECB to bring forward its rate hikes timeline. Indeed, the Euro Area’s preliminary inflation estimates show…
The preliminary Q3 GDP release for the Eurozone was a slight positive surprise. The bloc’s economy is estimated to have grown 2.2% q/q, slightly above the anticipated 2.1%. This improvement brings the Euro Area’s GDP…