According to BCA Research’s European Investment Strategy service, a tactical buying opportunity for EUR/USD is approaching. However, this will not lead to a renewed bull market, only to a bounce toward 1.10-1.12. …
In the short run, global risk assets are vulnerable due to rising oil prices and bond yields. Cyclically, a global economic downturn will weigh on global risk assets.
EUR/USD collapsed in the wake of last week’s hotter-than-expected US CPI report. Is this pessimism warranted and will the euro’s trading range that has prevailed since 2023 breakdown?
US, European and Japanese small caps have underperformed their large cap counterparts by 22.6%, 15.3% and 10.1% respectively since 2021. They now face conflicting forces. On the one hand, they are extremely beaten down and cheap…
As expected, the Governing Council of the ECB kept interest rates unchanged on Thursday. In its statement, the ECB reiterated that most measures of underlying inflation were easing, wage growth was moderating, and firms were…
Italy and Spain have a poor reputation when it comes to their economies. The European debt crisis affected them more than other Euro Area countries. Their housing markets collapsed and debt cost soared. France and Germany, while…
German industrial production growth accelerated from an upwardly revised 1.3% m/m to 2.1% m/m in February, registering the fastest pace in 13 months and largely beating expectations of a slowdown. A 7.9% m/m increase in the…
The final UK S&P Global Services and Composite PMIs for March were both revised down slightly from their flash estimates. While the report indicates that activity is still expanding, there has been a clear loss in momentum…
As a small open economy, Sweden’s economic performance is a good barometer of global growth developments. Swedish PMIs for March were overall positive. The Manufacturing PMI rose to the 50 boom-bust line following 19…
Climbing US bond yields, alongside higher oil prices, might spoil the party for global risk assets. There are budding cracks in EM domestic bonds, and even though we like this asset class in the long run, investors exposed to it…