ECB Preview—Ready For Liftoff
■ While the Euro area activity dataflow since the start of the war has been mixed, the incoming information points… »
European banks: strong profits, capital buffers protect creditors from softening macro outlook
At times of great uncertainty, it is useful to step back from the ambitious and often near-impossible goal of forecasting… »
European Daily: BoE — How Different from the Fed?
■ The Bank of England’s cautious messaging at last week’s MPC meeting contrasts sharply with the Fed, which accelerated its… »
Biotech Sector: ETF Analysis Shows Overvaluation is Deflating
While the biotech sector had long enjoyed investors’ attention, it was never as pronounced as around the time the pandemic… »
Russian gas stoppages stress EU’s political unity and economic outlook, accelerate Russian gas exit
The decision by Gazprom to halt gas supplies to Poland (A+/Negative) and Bulgaria (BBB+/Stable) after both countries refused to use Russia’s proposed mechanism for… »
Market Spinner
MARKET MOVES •Last week concerns about the global economy and Fed monetary policy drove market sentiment. •Cut off of gas… »
Russia halts gas exports to Poland and Bulgaria
“The decision by Gazprom to halt gas supplies to Poland and Bulgaria after both countries refused to use Russia’s proposed… »
European Views: A Faster ECB Exit
1. Growth across the Euro area has so far held up better than expected since the onset of the war… »
Macron’s re-election is positive for French assets
Emmanuel Macron won French presidential elections: In Sunday’s second-round runoff, Macron defeated far-right National Front leader Marine Le Pen by… »
The differentiated appeal of EM debt
We like emerging market (EM) local debt within an overall bond underweight. Much monetary tightening has been done, and valuations… »
Podcast