Highlights Global Tapering: The Bank of England has joined the Bank of Canada as central banks tapering the pace of bond buying. Markets are now trying to sort out who is next and concluding that it will not be the Federal Reserve,…
BCA Research’s European Investment Strategy service downgraded UK small-cap stocks to neutral on a tactical basis. Despite the positive UK economic outlook, investors should adopt a more cautious tactical stance toward…
The United Kingdom will remain united – at least for now. The Scottish parliamentary election occurred on May 6 and the result does not herald a second Scottish independence referendum anytime soon. The Scottish National…
Highlights Important leading indicators of Eurozone activity point to record growth in the coming quarters. Progress on the vaccination front, global pent-up demand, and easing fiscal policy will fuel the Euro Area recovery. Consensus…
As expected, the Bank of England maintained the bank rate at 0.1% and kept the total target stock of asset purchases unchanged at its Thursday meeting. However, the central bank upgraded its growth outlook and now forecasts GDP…
Highlights Rising CO2 emissions on the back of stronger global energy growth this year will keep energy markets focused on expanding ESG risks in the buildout of renewable generation via metals mining (Chart of the Week). …
UK retail sales surged in March, which indicates that the domestic demand recovery is taking shape. Retail sales including auto fuel accelerated 5.4% m/m, surprising expectations of a deceleration to 1.5% m/m from a revised 2.…
The UK jobs report showed tentative signs of stabilization in the British labor market in March. Jobless claims rose by 10.1 thousand versus a revised 67.3 thousand increase in the prior month, and the claimant rate remained flat…
Highlights Stronger global growth in the wake of continued and expected fiscal and monetary stimulus, and progress against COVID-19 are boosting oil demand assumptions by the major data suppliers for this year. We lifted our…