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 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…
 Our GeoMacro and European strategists highlight Spain’s equity and bond outperformance as fundamentally driven, supported by improving balance sheets, stronger profitability, and repeated earnings upgrades. Financials have led the…
Special Report Spain's equity and bond outperformance reflects genuine fundamental repair: Lower bad loans, stronger profitability, and sustained earnings upgrades. Valuations remain undemanding despite the rally. Productivity is the key structural…
Despite concerns about fiscal sustainability, a rise in term premia, and attacks on central bank independence, monetary policy remains the primary driver of bond markets. In our Q3 Review & Outlook, we update our views and…
Europe’s deflation problem is getting harder to ignore. This week’s ECB cut is just the beginning — tariffs, the euro’s rally, and softening demand all point to more easing ahead. We explain what it means for yields, equities, and…
Special Report We are at a pivotal moment for Europe, supported by structural reforms and macro catalysts. While expanding credit markets and lower rates favor Private Equity over Private Credit, opportunities vary by segment. Large+ Buyouts are…
Special Report Questions about fiscal risks and their impact on bond markets have become more frequent in client conversations. This Special Report provides a framework to assess a country’s fiscal sustainability and how it affects its bond market…
  In the final installment of their “PIGS Have Wings” special series, our European investment strategists took a deep dive into the Spanish economy and financial assets.  Spain outperformed most developed markets…
Special Report Spain has outperformed most developed markets since 2022 – real economic output and risk assets alike. Can it last? 
France finds itself in a unique, thorny situation. Can it heave itself out of it? And what does it mean for investors?