ECB Preview—Ready For Liftoff
■ While the Euro area activity dataflow since the start of the war has been mixed, the incoming information points… »
Turning neutral on DM equities
• We cut developed market (DM) equities to neutral on a risk of the Fed talking itself into overtightening policy… »
ECB—More Urgency to Act
■ Recent ECB commentary suggests that the Governing Council is very likely to end QE at its June meeting and… »
The ‘real regime’ during the equity correction
■ Since the start of the year, a combination of hawkish monetary policy, the war in Ukraine and the risks… »
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… »
Euro Area: Final April PMIs—Services Re-acceleration vs Slowing Manufacturing
BOTTOM LINE: The final Euro area composite PMI for April was unrevised from its flash estimate of 55.8, reflecting a… »
Europe FX Forecast Revision
Most of the CEE currencies that we cover ended 2021 with small losses against the euro, with the Czech koruna… »
Plenisfer’s 2022 Outlook
Looking at the current and future scenario, we remain cautious in terms of overall risk taking. Some long-standing trends, such… »
UK—Weaker Consumption But Still Growing
Signals from the UK activity indicators have been mixed lately and the combination of high inflationary pressures and falling consumer… »
Podcast