According to BCA Research’s European Investment Strategy service, the ECB is wading into policy-mistake territory because it is overemphasizing lagging indicators such as wages at the expense of leading indicators such as…
The ECB continues to focus on lagging indicators and risks once again to cause a policy error that unduly hurts European growth. What does it mean for investors?
As anticipated, the ECB downshifted the pace of rate hikes on Thursday, delivering a 25bps increase. Moreover, the central bank announced that it “expects” to end APP reinvestments in July. President Christine…
The Norwegian central bank’s 25bps policy rate hike on Thursday was in line with consensus expectations. The lack of a decisive peak in headline CPI inflation – which has been gyrating in the 5.9-7.5% range since mid-…
The initial phase of the EU’s ambitious CBAM will launch 1 October and will begin collecting a carbon tax in 2026. Between now and then, it will be challenged as it attempts to put a price tag on CO2 emissions as imports cross the EU…
Results of the ECB’s Bank Lending Survey revealed a substantial tightening in credit standards for loans to firms and loans to households for house purchase in Q1. Higher perceptions of risk and lower risk tolerance are…
Macro and geopolitical risks may spoil the narrow window for a stock market rally before recessionary trends rise to the fore.
Pent-up demand for services is keeping the global economy going, but we still expect recession over the next 12 months. Investors should keep a cautious portfolio stance.
EUR/USD is trying to breach above 1.10. What is the balance of positive versus negative factors that would allow the euro to breakout?
The Eurozone economy’s marginal 0.1% q/q GDP growth in Q1 2023 confirms that economic conditions improved slightly at the start of the year. Although the GDP figure missed consensus expectations of a 0.2% q/q rise, it came…