Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content

France

f_image_20241017_195524.PNG
The ECB Dangerous Game

Yesterday, the ECB solidified its recent dovish tilt in response to weaker growth and decreasing inflationary pressures. It is now set to cut rates 25bps each meeting. How low will the ECB deposit rate ultimately go and what does this imply for yields and the euro?

European Investment Strategy, Global Fixed Income Strategy by Mathieu Savary
Services Inflation Still Too High For October ECB Cut
France’s and Spain’s preliminary September CPI readings declined on a month-on-month basis, clocking in at 1.5% and 1.7% y/y respectively, and undershooting consensus expectations. Germany’s and Italy’s updates are due on Monday and the Eurozone CPI will be…
Daily Insights
F_IMAGE_20240712_160924.PNG
How Far Will European Earnings Fall?

The real threat to European equities is growth, not political risk. How low will Eurozone earnings fall during the coming recession and how much will equities decline in response?

European Investment Strategy by Mathieu Savary
French Equities Are Oversold
According to BCA Research’s Counterpoint service, the sharp underperformance of the French stock market over political uncertainty is irrational, given the CAC 40’s limited exposure to French domestic economics and politics. A third of the CAC 40’s market…
Daily Insights
French Election: No Majority Without The Centrists
France’s snap election is over and, according to BCA Research’s European Investment Strategy service, President Emmanuel Macron’s gamble paid off in some ways: neither the far right nor the far left can form a government, while his centrist alliance has…
Daily Insights
F_IMAGE_20240708_124215.PNG
Macron’s Gambit Paid Off (Sort Of)

At first glance, France has moved to the far left. However, this coalition is fragile, and Macron’s allies still hold the balance of power. What are the assets that will benefit from this new political setup, and those that will not?

European Investment Strategy, Geopolitical Strategy by Mathieu Savary
F_IMAGE_20240705_104848.PNG
The Best Possible World For European Stocks?

Does the incipient slowdown in European data herald a soft landing and a goldilocks period for equities? We have our doubts.

European Investment Strategy by Mathieu Savary
F_IMAGE_20240702_173414.PNG
Remember, Remember, the Fifth of November

In our Volume I – The Alpha Report – we posit that the French bond market reaction is a mere amuse bouche for what is coming to the US. All year, we have warned investors that US politics could induce a bond market riot. This moment is nigh. Act accordingly!

GeoMacro Strategy by Marko Papic
French Elections Provide Tactical Opportunity For Eurozone Stocks
Eurozone equities sold off 7% from their June 6 highs, according to MSCI indices. The surprise French legislative elections and renewed fears of populism and European Union exits are spooking investors. Yet, our European Investment strategists argued that…
Daily Insights
f_image_20240614_154022.PNG
Too Late To Sell France?

European assets are selling off as investors panic about the upcoming French election. Is this panic justified, and if so, for how long?

European Investment Strategy, Geopolitical Strategy by Mathieu Savary, Jeremie Peloso

Related Topics

Austria Belgium Cyprus Finland Germany Greece Ireland Italy Netherlands Portugal See more Topics