European Macro & Market Outlook
Navigate European markets, uncover opportunities, and generate alpha.
Sweden And Norway: A Reversal Of Fortunes
The war in Iran and the energy shock are driving a reversal of Nordic fortunes: Sweden’s recovery is faltering just as Norway receives a welcome energy windfall. Favor Norwegian over Swedish equities…
Will Europe Avoid A Recession? Two Perspectives
Europe faces a difficult macro backdrop, but whether it slips into recession remains finely balanced. We present two perspectives before translating them into investment implications.
France Is Sitting On A Powder Keg
We wish all our French clients Bonne Fête Nationale! The rest of the world knows the holiday by its other name, Bastille Day. It is fitting, therefore, that we publish today GeoMacro Beta report on th…
Westminster Is On The Ropes, UK Risk Assets Aren't
The UK economy is becoming increasingly fragile, but the investment outlook is improving. Slower growth and a more dovish BoE will support gilts, while UK equities will likely benefit from a favorable…
Tight Credit Spreads, K-Shaped Corporates?
Corporate health remains supportive of tight credit spreads in both the US and Europe, but a growing divide is emerging beneath the surface. Investment-grade issuers continue to strengthen, while lowe…
After The Insurance Hike, The Dovish Pivot
Today’s ECB rate hike is not the beginning of a hiking cycle. Growth concerns will soon move to the forefront of ECB policy decisions, preventing further tightening.
