Highlights Oil demand expectations remain high. Realized demand continues to disappoint. This means OPEC 2.0's production-management strategy – i.e., keeping the level of supply below demand – will continue to dictate…
UK inflation doubled in April, rising to the highest level since last March. The consumer price index increased to 1.5% y/y. The acceleration in the monthly pace to 0.6% m/m from 0.3% m/m suggests that more than just base effects…
Highlights Global Tapering: The Bank of England has joined the Bank of Canada as central banks tapering the pace of bond buying. Markets are now trying to sort out who is next and concluding that it will not be the Federal Reserve,…
The United Kingdom will remain united – at least for now. The Scottish parliamentary election occurred on May 6 and the result does not herald a second Scottish independence referendum anytime soon. The Scottish National…
BCA Research’s European Investment Strategy service downgraded UK small-cap stocks to neutral on a tactical basis. Despite the positive UK economic outlook, investors should adopt a more cautious tactical stance toward…
Highlights Important leading indicators of Eurozone activity point to record growth in the coming quarters. Progress on the vaccination front, global pent-up demand, and easing fiscal policy will fuel the Euro Area recovery. Consensus…
As expected, the Bank of England maintained the bank rate at 0.1% and kept the total target stock of asset purchases unchanged at its Thursday meeting. However, the central bank upgraded its growth outlook and now forecasts GDP…