A rebalancing act to reduce risk

• We slightly reduce risk on a worsening macro outlook. We upgrade European government bonds and investment grade credit, and… »
• We slightly reduce risk on a worsening macro outlook. We upgrade European government bonds and investment grade credit, and… »
The surge in Euro area inflation—with headline expected to reach 9% in September—has raised the prospect of second-round effects, where… »
ECB officials have signalled the possibility of a new backstop tool for sovereign debt markets. We think their main objective… »
1. Growth across the Euro area has so far held up better than expected since the onset of the war… »