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… »
Europe FX Forecast Revision
Most of the CEE currencies that we cover ended 2021 with small losses against the euro, with the Czech koruna… »
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… »
The differentiated appeal of EM debt
We like emerging market (EM) local debt within an overall bond underweight. Much monetary tightening has been done, and valuations… »
The Russia-Ukraine Conflict: European Banks Can Manage The Economic Spillovers, For Now
European banks can manage the economic spillovers from the Russia-Ukraine conflict under our base case that envisages business disruptions in… »
Plenisfer’s 2022 Outlook
Looking at the current and future scenario, we remain cautious in terms of overall risk taking. Some long-standing trends, such… »
The Ukraine conflict is another inflationary shock for the world
Alas, it is settled. Inflation is not transitory. Its persistent uptick has serious implications for the global economy. The ongoing… »
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… »
UK—Weaker Consumption But Still Growing
Signals from the UK activity indicators have been mixed lately and the combination of high inflationary pressures and falling consumer… »
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