Sticking with our strategic views
• We still prefer equities over fixed income on a strategic horizon, but we moderate our stance after this year’s… »
Turning neutral on DM equities
• We cut developed market (DM) equities to neutral on a risk of the Fed talking itself into overtightening policy… »
President Macron faces narrow path to reform given less favourable socio-economic conditions
Emmanuel Macron’s election victory on 24 April supports policy continuity for France (AA, stable) and for European integration, but popular… »
Deutsche Bank reports € 1.7 billion profit before tax in the first quarter of 2022
Profit before tax up 4% to € 1.7 billion with net profit up 18% to € 1.2 billion Post-tax return… »
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… »
Why we still like stocks as yields spike
• We prefer equities even as bond yields have sprinted higher. Global growth is still solid, and we see central… »
Is the World Deglobalizing, Slowbalizing or Newbalizing?
Many commentators expect the world to deglobalize following the US-China trade war, the pandemic, and the invasion of Ukraine. We… »
What Recovery and Resilience? Italy Looses 3% Resilience in One Year
Italy, just like other European countries, has launched last year a National Recovery and Resilience Plan. The plan is funded… »
Getting tougher
We remain relatively cautious going into Q1’22 results season. We lower price targets for WPP and Publicis again, where we… »
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