On Wednesday, the European Commission announced it would impose tariffs ranging between 17% and 38% on imports of Chinese EVs starting next month. These duties will be applied on top of existing 10% across-the-board tariffs on…
The UK unemployment rate surprised to the upside in the 3-month period ending in April, ticking up to 4.4% against expectations it would remain stable at March’s originally reported 4.3%. Concurrently, wage growth remains…
The Eurozone Sentix Economic index improved from -3.6 to 0.3 in June, easily surpassing expectations of a more muted improvement to -1.7. Notably, the Expectation and Current Situation subindices rose to 28-month and 13-month…
According to BCA Research’s Geopolitical Strategy service, the European parliamentary election was not an earthquake. It saw an improvement in right-leaning political groups and a deterioration in both centrist and left-…
Europe did not witness a major policy reversal. Inflationary pressures are coming down, enabling the ECB to cut rates and European states to maintain soft budgets. Geopolitical challenges ensure that European parties continue to…
Sweden is a small export-oriented economy and its high sensitivity to global trade makes it a good bellwether of global growth developments. The headwinds from high borrowing costs are relatively more pronounced in Sweden…
The ECB is now firmly in easing mode, even if it refuses to pre-commit to a specific rate path. What does this data dependency mean for the euro and European yields?
After holding rates steady over the past nine months, the ECB delivered on its widely expected rate cut on Thursday. The Governing Council lowered all three key ECB interest rates by 25 bps, bringing the refinancing, marginal…
The Swiss KOF Barometer is a composite leading indicator of the Swiss economy. It surprised to the downside in May, coming in at 100.3 from 101.9, below expectation of an acceleration to 102.1. Switzerland’s economy is…
