24 April 2017 After the most unpredictable and consequential election in recent French history, Emmanuel Macron and Marion Le Pen have advanced to the second round run-off on May 7. Even with the field now reduced to two candidates, however, the nation still faces a stark choice, as the candidates represent distinctly different visions about [...]
The fall in March CPI inflation is welcome news to the ECB. The decline indicates that the recent rise in prices was fully the result of higher energy costs. This news will allow the ECB to remain on hold this year. Low inflation, a cyclical economic acceleration, and easy monetary conditions point to higher equity [...]
The March PMI release confirms that the European economy has accelerated since last summer. Stronger growth, low inflatio, and continued monetary accomodation supports the case that European equities will outperform the USA. http://www.tradingeconomics.com/euro-area/manufacturing-pmi
23 March 2017 Two developments occurring over the weekend have the potential to put the United States on a collision course with its trading partners. In order to win US approval, the communique released following the G20 meeting in Baden-Baden softened its previous commitment to countering “all forms of protectionism” – a pledge widely regarded [...]