Europe

Weekly Screeners: Eurozone Equities, US Oil, And Euro Small Caps

This week our three screeners explore: Equity trades across the Euro Zone focusing on Technicals and Sentiment; US Oil, Gas and Fuel stocks; and European Small Caps.

1 year ago

Equity Analyzer Europe Energy

Essentials

NOK NOK, Who's There? Rate Cuts

A stronger Norwegian krone has opened the door to more rate cuts, making Norwegian government bonds more attractive. Our Chart Of The Week comes from Jeremie Peloso, European Strategist. With its surprise 25 basis point cut, the Norges Bank made its first…

1 year ago

Monetary Policy Norway Norwegian Krone

Essentials

UK Disinflation Trend And Labor Softening Boosts Bullish Gilts Case

UK disinflation and labor market softening support our overweight in Gilts and short GBP trade. UK CPI came in slightly hotter than expected in May, with headline inflation at 3.4% y/y (vs. 3.5% in April) and core CPI meeting expectations at 3.5%, down from…

1 year ago

Labor Market Inflation/Deflation Fixed Income

Essentials

Tactical SEK Bearishness Backed By Dovish Riksbank

Sweden’s economic fragility and disinflation support further easing, reinforcing our long SEK rates and NOK/SEK trades. The Riksbank cut rates by 25 bps to 2.0% and projected an additional cut, consistent with prior OIS pricing. Forecasts for both headline…

1 year ago

Sweden Swedish Krona Economy

Essentials

ZEW Improves, But Eurozone Outlook Still Vulnerable

ZEW expectations jumped in May, but underlying macro fragility supports a cautious stance on eurozone assets. The ZEW expectations index for the euro area rose to 35.3 from 11.6, with Germany also beating expectations. The current situation component improved…

1 year ago

Euro Area Equities Fixed Income

Essentials

The Swiss Illusion: Strong Fundamentals, Weak Momentum

Our European Investment strategists believe Switzerland is no longer a tactical haven and recommend underweighting CHF and Swiss equities in favor of Swiss bonds. The country retains strong structural fundamentals: High productivity, innovation, robust…

1 year ago

Swiss Franc Switzerland Economy

Essentials

A New Risk For The Euro

Short term euro upside is limited despite a structural bull case, as fragile growth, easing ECB policy, and geopolitical risks cap further gains. EUR/USD broke above structural resistance in April amid optimism over German stimulus and US political…

1 year ago

Euro Area Geopolitics Inflation/Deflation

FICC

A Technical Note On The Dollar

In this FX note, we provide a rationale for why it is important to pay attention to technical indicators, while still keeping your eyeball on the structural factors that drive currencies. This report answers the following questions: 1. Should you buy or sell the USD over a three-to-six month period from the pure lens of our proven technical indicators and 2. What are the best tactical cross trades among currencies.

1 year ago

Currencies Currencies In-Depth Global