Flash estimates for Euro Area inflation in March surprised to the downside. Headline inflation slowed from 2.6% to 2.4% versus expectations of 2.5% and core inflation eased from 3.1% to 2.9% versus expectations of 3%. While the…
According to BCA Research’s European Investment Strategy service, investors should favor Italian BTPs over Euro Area IG until there is a better entry point to add exposure to BTP-bund spreads. The team’s latest…
The global economy is wobbling precariously between slowing growth and reaccelerating inflation. This is unlikely to end well. Stay cautious, and hedge against both recession and inflation.
In this Insight, we discuss our rationale for a short sterling position.
Investors around Europe and North America are concerned that the stock market is increasingly overbought and vulnerable to exogenous risks. We agree and have good reasons to fear that festering geopolitical risks and the US election…
The Swedish krona was among the weakest G10 currencies on Wednesday following the Riksbank meeting. Although the central bank kept the benchmark rate unchanged as expected, the post-meeting communication was on the dovish side.…
In this Strategy Outlook we examine why, contrary to popular perception, the odds of a global recession over the next 12 months are rising not falling.
The latest batch of economic data out of the UK suggests that economic conditions have recently stabilized. The flash Manufacturing PMI rose by a stronger-than-anticipated 2.4 points to a 20-month high of 49.9 in March –…
Does the recent surprise rate cut by the Swiss National Bank augur other dovish surprises among major central banks in Europe?