ADRU News and Press, BLDRS Europe 100 ADR Index Fund From 04/08/20

This opinion piece was written just prior to the outbreak of the coronavirus epidemic in the West. The authors believe that the pandemic will increase the necessity and therefore the probability of fiscal integration in the eurozone. Based on the leading economic indicators, the eurozone e...

While many observers have seen this coming for a long time, the moment where the eurozone is at a crossroads has been brought forward by the impact of the coronavirus pandemic. The Northern countries will either have to accept some form of debt mutualization and all that it implies, or they ...

Investment thesis: International news is still mostly bad. The latest EU PMI data shows a service sector crash. Data from Japan also shows weakness, as do the latest South Korean releases. On the plus side, China was modestly higher this week but it's still too early to think about taking a ...

The eurozone problem As we all know by now the eurozone problem is that there's the one currency and therefore the one monetary policy. However, there isn't the corresponding one fiscal policy. This limits both the European Central bank and the national governments as to the economic policie...

By Antonis Giannakopoulos With fear of the coronavirus continuing to wreak havoc on every country in the West, almost all governments have taken radical measures for containment of the virus: mandatory quarantines for many, the closing of businesses, and the prohibition of many economic an...

Over the past few weeks, European countries have stepped up virus containment measures aggressively, with most of the region now in lockdown. Gauging the exact economic impact of these measures is hard, but it is almost a certainty by now that Europe will experience a very deep recession, with...

By Fabrizio Ferrari When Mario Draghi's tenure was approaching its end, I argued for a sterner governor for the European Central Bank (ECB); hence, I was not even slightly enthusiastic when Draghi's successor turned out to be Christine Lagarde - a patent dove, as can be inferred from her...

Investment thesis: all markets are still far too volatile. Make no new investments. Cash is king right now. There has been a wave of intense central-bank activities over the last week in response to the coronavirus outbreak - too many to list. Here are some of the larger and more important...

Forward-looking data is starting to trickle in. Germany has been a main area of interest for us right from the beginning, and by beginning, I mean euro$ #4 rather than just COVID-19. What has happened to the German economy has ended up happening everywhere else, a true bellwether especially ma...

By David Zahn, CFA, FRM, Head of European Fixed Income, Franklin Templeton Fixed Income This week, both the European Central Bank and Bank of England took further measures to help contain the financial fallout from the coronavirus and alleviate pressure on strained public finances. David ...