The messages from the deteriorating fundamental backdrop (tight monetary policy, slowing global growth) and improved credit valuation (elevated 12-month breakeven spreads) are giving conflicting signals on corporate bond strategy. We…
November’s reading of the ZEW Indicator of Economic Sentiment reveals that investors are becoming less pessimistic about the Eurozone economy. The expectations and current situation indices for Germany and the Euro Area…
Euro Area industrial production expanded by 4.9% y/y in September, following an upwardly revised 2.8% y/y and beating expectations of a 3.0% y/y increase. Similarly, the 0.9% m/m increase also exceeded consensus estimates of 0.5…
According to BCA Research’s European Investment Strategy service, although the decline in US CPI is a tailwind for European stocks, strong rallies are premature. Chinese growth shows no sign of improvement. Similarly,…
The decline in the US CPI is a tailwind for European stocks, but does it compensate for weaker global growth?
In this report, we identify the Norwegian krone as a currency that could outperform especially at the crosses, irrespective of the broad dollar trend.
A client concerned about the slump in asset prices, the stubbornness of inflation, and rising bond yields asks what went wrong, and what happens next? This report is the full transcript of our conversation.
Central banker messaging after the latest rate hike announcements in the US, UK and Australia indicates a shift in focus from the pace of hikes to how high rates must rise to slow growth and bring down inflation. This represents the…
The performance of EUR/USD has improved over the past few weeks, gaining 4.4% since it closed at a 20-year low on September 27. This development comes as gas prices continue to recede from the late-August peak. Earlier this year…
The Sentix index of Eurozone investor confidence delivered a positive surprise on Monday. The headline index increased by 7.4 points to -30.9, beating expectations of a smaller improvement to -35.0. The Current Situation and the…