The Euro Area economy broadly surprised to the upside in the first half of 2024. Cooling inflation lifted real wages and the global late cycle amelioration benefitted the pro-cyclical Euro Area economy, but these tailwinds are…
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?
German Factory orders disappointed on Thursday. The month-on-month contraction deepened to 1.6% in June from a contraction of 0.6% in May, revised down from the previously reported 0.2%, well below expectations of a modest 0.5%…
Does the incipient slowdown in European data herald a soft landing and a goldilocks period for equities? We have our doubts.
According to the results of the latest German IFO survey, overall sentiment deteriorated slightly in June. The IFO Business Climate index declined from 89.3 in May to 88.6 in June, disappointing expectations of a modest…
European assets are selling off as investors panic about the upcoming French election. Is this panic justified, and if so, for how long?
According to BCA Research’s European Investment Strategy service, the domestic picture indicates that Bund yields will stay rangebound over the next few months due to the tug-of-war between bond bullish and bond bearish…
German Bunds have cheapened considerably, and the ECB is about to start cutting rates. Does this combination guarantee immediate profits from buying these bonds?
A few preliminary measures of German inflation for April were released on Monday. The month-on-month headline inflation measure came in at 0.5% an increase from last month’s reading of 0.4% but below expectations of 0.6%.…