The Sentix Economic Index for the Eurozone sent a positive signal on Monday. It unexpectedly increased from -22.5 to -18.9 in August, surprising expectations of a further deterioration to -24.5. This marks the index’s first…
The Norwegian krone’s fortunes have recently reversed. It has been the best performing G10 currency since the end of May. This comes after a period of pronounced weakness during which it was the only G10 currency to…
August offers an opportunity to review our key views. European growth is turning the corner and inflation is improving, but does it guarantee an imminent breakout in European stocks?
Ever since the bottom below 0.96, the euro has staged a powerful rally. At 1.1, the euro is up 14.6% from its lows. The key question going forward is if investors should chase the rally, or fade strength in the common currency…
In this insight, we assess the prospect of the Swiss franc over the next six months.
As expected, the Bank of England delivered another 25 basis point rate increase at its Thursday meeting, lifting the policy rate to 5.25%. Going forward, Bailey – not unlike his counterparts at the Fed and ECB –…
The Global Manufacturing PMI remained unchanged at 48.7 in July, indicating that the pace of decline steadied at the start of the third quarter. The details of the release show accelerating rates of decline in production, new…
History suggests that a “soft landing” is highly unlikely after such an aggressive Fed tightening cycle. The rally could continue for a little longer but, on the 12-month horizon, market risks are very skewed to the downside.
The Eurozone economy returned to expansion in the second quarter with real GDP rising by 0.3% q/q – beating expectations of 0.2% q/q. This follows an upwardly revised 0.0% in Q1 and a 0.1% contraction in Q4 2022. In…
In the monthly Daily Insights Survey we conducted over the past week, we asked about our readers’ outlook for the US economy, regional equity allocation, and EUR/USD. On the outlook for the US economy, the majority of…