UK Gilts have been selling off sharply since the beginning of August. The yield on the 10-year UK government bond is now over 80bps higher than it was at the start of the month. The move has been even more pronounced at the…
The flash release of the European Commission’s Eurozone consumer confidence in August provides preliminary evidence that sentiment may be in the process of bottoming. It ticked up by 2.1 points to -24.9, surprising…
After a brief reprieve since mid-July, EUR/USD has once again broken down over the past week, falling below parity on Monday. The euro’s unrelenting decline over the past year has made it an attractive buy on a valuation…
As of Thursday’s close, the 2-year/10-year US Treasury curve is inverted, with the 10-year yield trading -35bps below the 2-year yield. In Europe, there is no inversion, with the 10-year German yield trading 37bps…
Listen to a short summary of this report. Executive Summary Euro Bulls Are Evaporating The euro is likely to undershoot in the near term, as the winter months approach and economic volatility in Europe…
Executive Summary Russia’s Crude Oil Output Will Fall Russia will have to lower oil production to ensure output it hasn’t placed with non-EU buyers does not tax its limited storage facilities, ahead of the bloc’s…
The July UK CPI data released on Wednesday showed an acceleration of year-over-year headline inflation into double-digit territory at 10.1%, up from 9.4% in June and beating market expectations. Higher food and energy prices were…
According to BCA Research’s European Investment Strategy service, the risk of deflation is greater than investors currently appreciate, which would be especially painful for European equities. European equities are more…