According to BCA Research’s European Investment Strategy service, investors should fade the rebound in European equities and bond yields as the euro is also at risk. Last week’s bounce in global equities is…
The unwind of yen carry trades caused violent tremors across the globe. Was this shock a one-off event or the prelude to more troubles?
German Industrial production and factory orders continued their slump in June. The usual powerhouse of the Euro Area economy has been trailing its peers throughout 2024. While both industrial production and factory orders…
After briefly breaking a 27-month streak of negative sentiment back in June, the Eurozone Sentix Economic index disappointed in August. The overall index worsened from July’s negative reading to -13.9, below expectations…
Absolute return investors should be tactically cautious on Greek assets. Dedicated EM equity portfolios, however, should overweight Greek stocks.
Sweden’s manufacturing PMI started contracting in July, plummeting from 53 to 49.2, falling far short of expectations that growth would broaden. Weakness was broad-based. Notably, new orders and new export orders plunged…
The Bank of England (BoE) lowered its policy rate by 25 basis points to 5% at its meeting on Thursday. While the move was expected, the governing board was split, voting 5 – 4 in favor of reducing the key interest rate.…
The market is pricing in a soft landing, but we see growing signs that the global economy is faltering. Investors should be defensively positioned.
Eurozone headline CPI inflation unexpectedly accelerated in July, from 2.5% y/y to 2.6%. Core CPI remained stable at 2.9% despite expectations it would ease. EU Harmonized CPI accelerated in the regions’ three largest…