The structural outlook for European assets remains bright, but near-term headwinds argue for longer duration and caution on equities. Here are three takes that call for a temporary pullback in European assets, and two that explore…
Five questions, five answers from the road. We unpack what Europe’s biggest investors are worried about right now, from trade‑war whiplash to bund‑versus‑Treasury positioning; and where the real opportunities still lie.
Last Friday, President Trump announced new 50% tariffs on imported goods from the European Union (EU), effective June 1st, and threatened US company Apple with 25% tariffs unless it made iPhones in the US. Global stock markets…
May PMIs confirm the improvement in confidence due to fewer concerns about US tariffs. Manufacturing flash PMI numbers showed resilience. The services activity PMI is more of a mixed bag.The US composite index beat estimates,…
The US-China trade truce lifted short-term manufacturing sentiment in May, but margin pressures persist, reinforcing the case for defensive, domestic-focused equity positioning. The Empire and Philly Fed regional manufacturing…
Tariff front-running behavior makes the April hard economic data difficult to interpret, but we take the strong reading from Food Services spending as a signal that the US consumer has not yet buckled.
A weakening economy will apply downward pressure to Treasury yields, but the Trump term premium will keep long-dated yields higher than they would otherwise be. This makes Treasury curve steepeners the most attractive trade in US…
The easing bias remains, but not all central banks are equal. This Central Bank Monitor update reveals who is ready to cut more and who is still pretending not to.
