Highlights Bond Market Performance: Government bonds in the developed economies are currently trapped in ranges, consolidating the sharp upward moves seen in the first quarter of 2021. This is only a pause in the broader cyclical…
Euro area and UK stocks have recently outperformed the global equity index. Global stock prices have risen 2.2% since late April, whereas euro area stocks have risen 4.8% and UK stocks have risen 4.2%. The chart above breaks…
The Sentix Economic Index for the Eurozone continues to provide a positive signal for Euro Area equities. The headline index jumped to 28.1 in June from 21.0 in May, beating expectations of a more muted increase to 25.4. In…
Germany’s latest state election confirms that German politics pose an upside risk to both the euro and European equity markets this year. The federal election on September 26 is important because it will determine who…
BCA Research’s Foreign Exchange Strategy and European Investment Strategy services conclude that the global environment and Norway’s continued economic strength will create potent tailwind for the Norwegian krone over…
Highlights The Norwegian economy will continue to grow above trend for the next two years or so. Norwegian inflation will firm up. Among Advanced Economies, the Norges Bank will lead the way in terms of policy tightening; however,…
European bond markets have calmed down after a rough couple of months that saw the benchmark 10-year German bund yield rise from a low of -0.39% on March 25 to a high of -0.11% on May 19. Yields on riskier European debt saw even…
Consumer prices accelerated in the Euro Area in May. The headline consumer price index rose to 2.0% y/y from 1.6% y/y in April. Although the May figure is above the ECB’s target “of below 2%”, the central bank…