Europe

FICC

Riksbank Post-Mortem And The Lessons For Other Currencies

This report looks at the prospects for the Swedish krona, following the pause by the Riksbank.

2 years ago

Currencies

Essentials

European Flash PMIs Beat Expectations Yet Remain Weak

European flash PMI estimates for November sent a slightly less pessimistic signal on Thursday. The Eurozone composite PMI climbed by 0.6 points to 47.1, beating expectations of a more muted increase to 46.8. Notably, both the manufacturing and services…

2 years ago

Essentials

The Riksbank Stands Pat

The Swedish krona was among the worst performing G10 currencies on Thursday after the Riksbank kept the policy rate unchanged at 4%, surprising consensus expectations of a 25bps hike. The post-meeting press release underscored that although inflation is…

2 years ago

Essentials

Repairing Eurozone Confidence

Confidence is on the mend in the Euro Area. The rebounding ZEW growth expectations index reveals that investors are becoming more optimistic. The German IFO's business climate index inched higher in October for the first time since April, suggesting that…

2 years ago

Essentials

In Europe, The Magic Eight Dominate

According to BCA Research’s European Investment Strategy service, the Magic Eight are the European counterpart to the US’ Magnificent Seven. The dominance of the so-called Magnificent Seven in the US S&P 500 is well-documented. Europe has its own…

2 years ago

CoreMacro

The Magic Eight

The US has the Magnificent Seven, Europe has the Magic Eight. What drives the performance of those eight stocks crucial to the European market?

2 years ago

Europe

FICC

2024 Brent Forecast Down A Tad To $112/bbl

US and Chinese oil-demand strength will offset EU weakness next year. Incremental supply growth from non-OPEC 2.0 producers, coupled with a lower risk of the US enforcing its sanctions on Iranian oil exports, reduces our 2024 Brent price forecast by $6/bbl, and takes it to $112/bbl.

2 years ago

Commodities China

Essentials

ZEW Investor Sentiment Rebounds

The ZEW survey of investor sentiment continues to send an optimistic signal. German sentiment jumped from -1.1 to +9.8 in November – its highest level since March and beating expectations of a smaller improvement to 5.0. Similarly, expectations for the Euro…

2 years ago

Essentials

Stay Long 10-Year German Bunds Vs Short 10-Year JGBs

BCA Research’s Global Fixed Income Strategy service remains long 10-year German bunds vs short 10-year Japanese government bonds (JGBs) as a tactical trade. This trade mirrors the team's two highest conviction strategic views in government bond space,…

2 years ago

GeoMacro

Clarity (A GeoRisk Update)

Amid a range of geopolitical narratives, what matters is that the US strategy of economic engagement with its rivals is failing, giving rise to a new strategy of containment that will reinforce the secular rise in geopolitical risk. Our market-based quantitative indicators of geopolitical risk are set to rise in the coming year.

2 years ago

Europe

Related Topics