European euphoria is overdone. The most exceptional asset class in Europe is Infrastructure, but granular opportunities span other asset classes by sector and country. Venture Capital is a North America and Asia-Pacific play. We…
This insight gives life to four high-conviction views on European small caps, aero¬space & defense, banks, and telecoms by harnessing the power of BCA’s Equity Analyzer (EA).
Euro area and Chinese interest rates must fall much further to prevent monetary policy from becoming ultra-restrictive. But Trump’s attempts to force unwarranted rate cuts from the Fed risks a vicious backlash from the bond…
Our DM ex-US strategists see EUR/USD in a multi-year bull market and recommend selling EUR/JPY at 172.5. The euro’s 2025 rally has been driven first by improving Eurozone growth expectations, then by mounting concerns over the US…
European equities have recently lagged the S&P 500, with short-term risks building despite a constructive long-term outlook. After reaching all-time highs in February, the EURO STOXX 50 began to stall as US markets sold off on…
UK growth data continues to disappoint, making the case for a Gilts overweight and a dovish BoE. May GDP fell 0.1% m/m, missing estimates and marking a consecutive monthly contraction after April’s 0.3% decline. Industrial and…
In this chartbook, we look at the balance of payments across DM and EM countries. The US does not fare well, but neither do a few other countries.
Stronger-than-expected June inflation will likely keep the Riksbank on hold in August, despite soft underlying trends. Headline inflation accelerated more than expected to 0.5% m/m (0.8% y/y), while CPI ex-housing rose to 2.9% y/y…
Our European Investment strategists upgrade small caps to maximum overweight, citing improving margins, supportive macro trends, and attractive valuations. They expect small caps to continue outperforming large caps over the next 12…