Thursday's ECB meeting concluded with a decision to "moderately" reduce the pace of asset purchases under the PEPP in the final quarter of 2021. The decision to pare back the pace of purchases is in line with the ECB's…
Highlights Economic policy uncertainty is rising in the US and will generate volatility this fall. But by the end of the year the result should be more fiscal reflation. Biden’s approval rating is now “underwater”…
Highlights An Iran crisis is imminent. We still think a US-Iran détente is possible but our conviction is lower until Biden makes a successful show of force. Oil prices will be volatile. Fiscal drag is a risk to the cyclical…
Germany's center-left Social Democrats (SPD) have jumped ahead of Merkel's conservative Christian Democratic Union/Christian Social Union (CDU/CSU) bloc and are now leading in opinion polling for the upcoming September 26…
This week I have been holding client calls and roundtables with clients located in the EMEA region. In next week’s report we will share our answers to the most common client questions. In the meantime, this week we are sending you a…
BCA Research's Global Fixed Income Strategy service concludes that Canadian fiscal policy is likely to remain supportive for growth over the next few years. Prime Minister Justin Trudeau has called a snap federal election…
US President Joe Biden's approval rating is tumbling as earlier, optimistic statements about the fight against the pandemic and the withdrawal from Afghanistan have gone up in smoke. However, investors should not conclude…