Europe
Hot UK CPI Pushes Back On Summer Rate Cut…
The economic schism in the world economy, between the non-US developed economy in recession and the US in strong growth, is unprecedented during our lifetimes. Now the schism will continue in reverse, as the non-US developed economy rebounds while the US fades. There are important implications for rates, the dollar, and sector and regional equity allocation which we discuss. Plus: base metals are a tactical short.
Near-term Rangebound Bund, But Cyclically Bullish…
Eurozone Near-Term Growth Prospects Improve…
The UK Economy Grows Again…
The BoE Signals Possible Summer Cut…
An update to our views on UK rates and currency following today’s Bank of England meeting.
The Riksbank Eases Policy…
European Retail Sales Surprise To The Upside…
On Eurozone And US Economic Surprise Indices…