Eurozone inflation is cooling steadily, supporting our tactical overweight in German bunds versus European equities and increasing the odds of an April ECB cut. Headline HICP eased to 2.2% y/y in March from 2.3%, while core came in…
In this month’s Beta report, we continue our series supporting our bullish thesis on Europe. We take a deep dive into the aftermath of the European energy crisis – dispelling the myth that Europe faces risks of imminent…
The SEK’s sharp rally is losing steam as local data weakens and EUR strength looks stretched. After appreciating more than 10% against the USD year-to-date, the krona is now showing signs of fatigue. Recent Swedish data has…
With economic headwinds building and fiscal dynamics shifting, bond markets are at a turning point. Our latest note outlines why German bund yields are set to decline and why UK gilts are poised to outperform — and how to position…
This report looks at investment implications, for Norwegian assets, given the recent meeting, from the Norges Bank.
Stocks will continue to struggle in the second quarter as President Trump tries to implement tariffs. Tax cuts will only temporarily dispel growth fears, if at all. Middle Eastern instability will add oil price surprises to an…
In this Second Quarter Strategy Outlook, we explore the major trends that are set to drive financial markets for the rest of 2025 and beyond.
UK inflation came in cooler than expected in February, but lingering price pressures and a still-firm labor market keep the BoE sidelined, for now. Our Global Fixed-Income strategists view the BoE as the most likely DM central bank…
The years ahead will be more complex for investors. Inflation expectations and its leading indicators will matter as much as realized inflation, and rates volatility is likely to remain structurally higher. This calls for increasing…
Our European investment strategists recommend underweighting European equities over the next three-to-six months, favoring defensives like telecoms, which may also benefit from reform potential. The rally in European equities…