The Bank of England hiked interest rates by 50bps on Thursday, lifting the bank rate to 1.75% with the majority (8-1) of the MPC voting in favor of the outsized increase. Revisions to the forecast indicate that the central bank…
Counterpoint’s August schedule: Next week, I am travelling to see clients in Australia, New Zealand, and Singapore, so we will send you a report on China’s 20th National Party Congress written by our Chief Geopolitical…
The Citigroup economic surprise indices for the US and the Euro Area are both deep in negative territory. Although the US index was first to cross below 0 in mid-May, the Eurozone measure turned negative towards the end of June…
Listen to a short summary of this report. Executive Summary Investors Are Pricing In A Much More Aggressive Tightening Cycle Than At The Start Of The Year Following last week’s sharp post-FOMC rally…
Dear client, There will be no regular bulletin from the European Investment Strategy team next week to allow us to take some time off. We will return to our regular publishing schedule on August 15, 2022. Kind regards, The European…
Preliminary estimates indicate that Euro Area GDP growth accelerated from 0.5% q/q in Q1 to 0.7% q/q in Q2, significantly better than the 0.2% anticipated. Notably, France’s GDP expanded by 0.5% q/q following a surprise…
Executive Summary Italy’s right-wing alliance, led by Brothers of Italy, will likely outperform in the upcoming election. The new government will prioritize the economy, posing a risk to the EU’s united front…
Executive Summary EU Will Prioritize Natgas Storage Russia’s reduction in natural gas flows through the Nord Stream 1 (NS1) pipeline to 20% of capacity will test the EU’s ability to keep the lights on…
The Global Investment Strategy service tactically downgraded equities in February but then upgraded them in May. The decision to upgrade equities to overweight in May was clearly premature, as stocks fell significantly in June. However…