The March Sentix Economic Index sent a cautionary signal about investor morale. The overall index for the Eurozone declined from -8.0 to -11.1 – marking the first monthly decrease since the index bottomed at -38.3 in…
NOK is the worst performing major currency year-to-date, down more than 6% against the dollar and 5% against the euro. That is on top of a nearly 10% drop in 2022. Notably, as a major oil producer, and increasingly a natural gas…
In this week’s report, we speculate on the evolution of euro trading in light of the near-term hiccups, but tremendous value that can be unlocked for longer-term investors.
In this week’s report, we speculate on the evolution of euro trading in light of the near-term hiccups, but tremendous value that can be unlocked for longer-term investors.
Rather than teetering into recession, global growth has firmed since the start of the year. While we still expect inflation to decline, the risk that central banks will need to lift rates more than discounted has increased. Long-term…
The rebound in growth is pushing up inflation. More aggressive monetary policy is likely to trigger recession over the next 12 months or so. Investors should stay defensive.
A lot of ink has been spilled of late on the Bank of Japan’s incoming governor and the impact this will have on the central’s bank Yield Curve Control (YCC) policy. Japanese inflation has been climbing steadily…
Government bond yields climbed higher across the Eurozone on Tuesday with the rate on the German 10-year bund ending the day at its highest since mid-2011. The proximate cause for the bond selloff is new inflation data suggesting…
According to BCA Research’s European Investment Strategy service investors worried about the impact of higher yields on their equity portfolios should favor German, Norwegian, British, and Italian stocks in their portfolios…
Euro Area monetary aggregates are showing the impact of tight ECB policy. M1 money supply – which includes currency in circulation and overnight deposits – declined by 0.7% y/y in January. The broader M3 measure…