CoreMacro

Europe did not witness a major policy reversal. Inflationary pressures are coming down, enabling the ECB to cut rates and European states to maintain soft budgets. Geopolitical challenges ensure that European parties continue to cooperate on national defense, economic security, and energy security.

The ECB is now firmly in easing mode, even if it refuses to pre-commit to a specific rate path. What does this data dependency mean for the euro and European yields?

A short insight on the ECB and near-term implications for European asset markets.

Special Report

European stocks have massively underperformed US ones since the GFC. Demographics and productivity say this trend will continue, but is that really so?

Looking at economic activity, global monetary policy seems restrictive, however, the behavior of financial markets tells a different story. What gives?

German Bunds have cheapened considerably, and the ECB is about to start cutting rates. Does this combination guarantee immediate profits from buying these bonds?

Special Report

US equities generally appear to be overvalued compared to European ones for no reason other than being domiciled on US stock markets. They are also cheap relative to US equities with lower concentration risk, a good long-term buy.

Special Report

In this Special Report, we introduce our Euro Inflation-Linked Golden Rule – a framework to profitably trade and invest in Euro Area inflation-linked bonds versus nominals. The Rule is currently signaling that nominal government bonds should outperform inflation-linked bonds over the next year as disinflation in the Euro Area continues.

Investors anticipate a record growth gap between the US and the Eurozone in 2024. Does this skewed expectation create market opportunities?

European profits margins are elevated. Will a mild recession be enough to bring them down?