Markets

Here’s a bearish chart on the outlook for the Eurozone economy

Manufacturing output in the Eurozone grew at the weakest pace in nearly four years in October. New analysis from Nordea Markets suggests it could soon start to decline based on leading indicators that have been reliable in the past. “This doesn’t bode too well for the momentum in growth heading […]
Here’s a bearish chart on the outlook for the Eurozone economy
Markets

WESTPAC: The best of the ‘Euro boom’ is behind us

The Euro area economy has been a standout performer globally over the past couple of years. Westpac Bank thinks the best of the recovery is now behind us, forecasting that growth will slow. Expects household consumption to moderate after demand brought forward by strong consumer credit growth. The European economic […]
WESTPAC: The best of the ‘Euro boom’ is behind us
Markets

It looks like Europe’s economic recovery may have passed its peak

Recent European economic data has turned lower, and economic surprises have turned negative for the first time since mid-2016. Macquarie Bank says this suggests the best of the European economic recovery may now be behind us. Eurozone inflation data for January will be released on Wednesday. That will be followed […]
It looks like Europe’s economic recovery may have passed its peak
Markets

Mario Draghi just delivered a masterclass in central bank speak

On Thursday the eyes of the financial world were on the European Central Bank (ECB), specifically the bank’s President, Mario Draghi. After months of speculation over what the ECB may or may not do with it its asset purchase program, Draghi delivered a masterclass in central banking, managing to send […]
Mario Draghi just delivered a masterclass in central bank speak
Markets

Macquarie Bank says the euro’s rally has a long way to run yet

Like most other major currencies, the euro has fallen heavily against the US dollar over the past week, undermined by political uncertainty in Germany and renewed optimism that the US Federal Reserve will hike interest rates again before the year is out. At 1.1745, the EUR/USD is now a fair […]
Macquarie Bank says the euro’s rally has a long way to run yet
Markets

‘SIGNIFICANTLY MORE UPSIDE’: The CBA has turned bullish on the euro

After being the whipping boy of currency traders and forecasters over the past couple of years, the euro is now back in vogue, mirroring the price action seen in recent months. Oh, how the tides have turned, and relatively quickly. Forecasters are suddenly bullish, reversing bearish calls for parity against […]
‘SIGNIFICANTLY MORE UPSIDE’: The CBA has turned bullish on the euro
Markets

ANZ: ‘We advise staying short EUR/USD and selling rallies’

The European Central Bank (ECB) delivered another monetary policy “bazooka” overnight, says ANZ, extending its quantitative easing program by EUR 540 billion and tweaking the criteria of securities it can purchase, allowing for bonds with a minimum one-year maturity and those yielding below the ECB’s deposit rate of -0.4% to […]
ANZ: ‘We advise staying short EUR/USD and selling rallies’
Markets

HSBC: Investors are fleeing European stocks

Investors are fleeing European stocks at a pace not seen since the global financial crisis, says HSBC. In a report released on Wednesday, the bank’s global equity strategy team, Amit Shrivastava, Robert Parkes and Eshan Raka, note that “prevailing uncertainty in Europe continues to drive investors away from the region… […]
HSBC: Investors are fleeing European stocks
Markets

Investors are dumping European stocks

While you wouldn’t know it from the recent price action, investors are falling out of love with European stocks. According to new research from Amit Shrivastava, Robert Parkes and Eshan Raka, equity strategists at HSBC, investors globally have yanked $US129 billion from equity funds since the beginning of the year, […]
Investors are dumping European stocks
Markets

ALL Swiss government bond yields are now negative

Something extraordinary just happened: the Swiss government 50-year bond yield just dipped below zero at the start of trade in Europe. This means every Swiss government bond now has a negative return. The Swiss yield curve folks, behold this brave new world in its still developing glory: pic.twitter.com/xX3mRV84GM — David […]
ALL Swiss government bond yields are now negative
Markets

CHART: A lot of Europeans really don’t like the EU

Across Europe, it’s not just the UK where many people are dissatisfied with the performance of the European Union. Just take a look at the chart below, for example. From ANZ, using analysis provided by the US-based Pew Research Center, it reveals the proportion of people who approve of the […]
CHART: A lot of Europeans really don’t like the EU
Markets

CHART: The stunning rise of Eurosceptic political parties

Aside from the immediate impact on financial markets, and the potential for it to dampen global economic activity as a consequence, the great overarching concern stemming from this week’s Brexit vote is the longer-term future of the European Union itself. Should the UK elect to leave the EU on Thursday, […]
CHART: The stunning rise of Eurosceptic political parties