Europe
Does the recent surprise rate cut by the Swiss National Bank augur other dovish surprises among major central banks in Europe?
German Ifo Business Sentiment Improves…
US Manufacturing PMI Exceeds Services For First Time In 14 Months…
The SNB Leads The Way
The…
Despite a couple of rate cuts in H2 2024, borrowing costs will remain elevated in real terms amid lower inflation in the US and Europe. This and tightening fiscal policy will hinder domestic demand in advanced economies. Domestic demand in China and EM ex-China will remain very tepid, with risks skewed to the downside.
In this joint Foreign Exchange Strategy and Global Investment Strategy Special Report, we assess economic activity in Sweden, a highly cyclical and trade-oriented economy, and its implications for the global growth outlook.
BoE Pivot Requires Further Slowdown In UK Inflation…
Relative Economic Surprise Indices Support EUR/USD…
Eurozone Cross Currents Point To An ECB Rate Cut In June…
Disappointing Singapore NODX Hides Positive Dynamics…