Peripheral Europe is driving the region’s resilience, and finally closing the gap with the core. Our Chart Of The Week comes from Jeremie Peloso, Chief European Investment Strategist. The resilience of the European economy and strong…
January Euro area sentiment improved, but growth momentum remains limited as tensions with the US rise and reflationary ECB cuts remain possible. January sentiment brightened in the Euro area. The ZEW survey beat expectations for…
Cold inflation prints and weak momentum support reflationary ECB cuts. Preliminary December national inflation readings came in colder than expected. German CPI was flat at 0.0 % m/m (1.8 % y/y), while France printed at 0.1 % m/m (0.…
Remain tactically cautious on European assets as sentiment stays mixed and leading indicators show no acceleration. Euro area sentiment data for December continued to send conflicting signals. The Sentix index slightly beat…
The November Ifo survey disappointed, highlighting weakening expectations for Germany and limited near-term upside for European growth. The Business Climate Index fell to 88.1 from 88.4, driven by expectations dropping to 90.6 from…
Our European Investment strategists recommend underweighting German Bunds and favoring Eurozone equities over German equities, as Germany’s cyclical rebound is offset by structural and political headwinds. After nearly two years of…
Reports of a potential US–Russia peace proposal revived speculation about a ceasefire, creating short-term downside risks for European defense equities. The 28-point framework, led by Trump’s negotiator, signals that both sides are…
The November ZEW survey confirmed mixed sentiment in Europe, showing growth momentum is not taking off yet. Euro area growth expectations ticked up to 25.0 from 22.7, while German expectations missed estimates, edging down to 38.5…
Germany’s October Ifo survey was mixed, with better expectations but weaker current conditions, underscoring a fragile European outlook. The headline Business Climate index rose above estimates to 88.4 from 87.7. The improvement came…