ECB

A new beginning for Europe?

Recession likely to last for 'at least a year'

European equities have declined 26% during 2020 owing to the rapid spread of the Covid-19 pandemic. Consequently, economic activity indices have declined to multi-year lows.

Investors could be forgiven for thinking that nowhere is an immediately appealing prospect for investment right now, least of all Europe.

The bull/bear debate in credit markets in 2020, is whether we face an early 1980s-type bear market or a 2008 valuation scenario.

European economic data has been largely positive.

After some volatility during the summer, Q4 2019 added to the rising tide experienced by European equity markets since the dip in late 2018.

2019 was marked by US dollar appreciation

Europe has been shunned by global investors in the past few years for a number of reasons: profitability of European companies has lagged that of global counterparts; poor public finances have threatened the common currency and populist pressures have...

Review of monetary policy strategy