The lift to European investor sentiment from the ebbing energy crisis is now in the rear-view mirror. The German ZEW Indicator of Economic Sentiment fell back below 0 in May to -10.7 from 4.1. The negative reading indicates that…
According to BCA Research’s European Investment Strategy service, a large set of variables points to some additional correction in European stocks over the coming months. The collapse in the Euro Area M1 is consistent…
A restrictive policy by the ECB and a weak manufacturing sector will create headwinds for European stocks this summer. How should investors position their portfolios in this context?
In Thursday’s BoE meeting, policymakers highlighted that stronger-than-anticipated food price gains contributed to recent upside surprises in the UK’s inflation rate. Rapidly climbing food inflation hit a 19.6% y/y in…
As expected, the Bank of England raised its bank rate by 25bps to 4.5% on Thursday, marking the 12th consecutive rise. Notably the updated projections show a significant improvement in the economic outlook. The upwards growth…
The change in the BoE’s tone has likely altered the path for sterling. In this report, we explore if the BoE’s lens for monetary policy is justified, and provide some targets for the pound.
The change in the BoE’s tone has likely altered the path for sterling. In this report, we explore if the BoE’s lens for monetary policy is justified, and provide some targets for the pound.
At 3.8%, the yield on 10-year UK Gilts is now back near where it was in early March. This marks a round-trip after the yield fell to as low as 3.3% in the weeks following the emergence of bank stress in the US and Europe.…
The rebound in European economic conditions that began at the end of 2022 has ended. On Monday, the Eurozone Sentix sent a pessimistic signal about investor confidence. The headline index fell from -8.7 to -13.7 in May…