The UK economy is more resilient than was feared last year. While this will not help UK stocks, the Footsie’s long term prospects are appealing.
The development of trading blocs and the rise of economic warfare will lead to the inefficient allocation of resources. Higher fiscal outlays and tight commodity supplies will feed into energy prices driving headline inflation. It…
The strength in the euro versus the yen since May 2020 can be divided into two phases. During the first phase, from May 2020 to June 2021, the ebbing of the worst of the pandemic and the re-opening of the global economy boosted…
The combination of collapsing energy inflation and cooling wage inflation means that euro area core inflation will slump later this year. We discuss the consequences.
BCA Research’s European Investment Strategy & Foreign Exchange Strategy services conclude that for the next one-to-three months, European data could continue to underwhelm US variables, which will weigh on the euro.…
The March Sentix Economic Index sent a cautionary signal about investor morale. The overall index for the Eurozone declined from -8.0 to -11.1 – marking the first monthly decrease since the index bottomed at -38.3 in…
NOK is the worst performing major currency year-to-date, down more than 6% against the dollar and 5% against the euro. That is on top of a nearly 10% drop in 2022. Notably, as a major oil producer, and increasingly a natural gas…
In this week’s report, we speculate on the evolution of euro trading in light of the near-term hiccups, but tremendous value that can be unlocked for longer-term investors.
In this week’s report, we speculate on the evolution of euro trading in light of the near-term hiccups, but tremendous value that can be unlocked for longer-term investors.
Rather than teetering into recession, global growth has firmed since the start of the year. While we still expect inflation to decline, the risk that central banks will need to lift rates more than discounted has increased. Long-term…