UK and German bonds are victims of the global bond market riots. Will European yields continue to move higher and will the euro and the pound find a floor anytime soon?
European sentiment data was mixed. The December Ifo Business Climate index for Germany missed estimates and was down 1 point to 84.7 from November. The decrease came from its expectations component, which fell to 84.4 from 87.2.…
December flash PMIs for the core advanced economies showed service sector growth picking up. Manufacturing keeps contracting, and the US continues to outperform its DM peers. The US composite index beat expectations and…
German factory orders decreased less than expected in October, falling 1.5% m/m after rising 7.2% in September. Excluding major orders, which often distort the overall picture, core new orders rose 0.1%, after rising 2.7% a month…
France finds itself in a unique, thorny situation. Can it heave itself out of it? And what does it mean for investors?
Investors have given up on European assets, which now suffer exceptional discounts to US ones. However, tighter US fiscal policy, the end of Europe’s austerity and deleveraging, the LNG Tsunami about to hit European shores, and the…
Economic expectations for Germany and the Eurozone disappointed, with the November ZEW decreasing to 12.5 from 20.1. The assessment of current conditions also worsened, implying the sentiment rebound from September will not be…
As the odds of a Trump victory rise, European assets underperform US ones. What would be the immediate impact of a Trump victory on European stocks?
