EEA News and Press, The European Equity Fund Inc. From 03/25/20

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 ...

We previously urged investors to remain largely in cash, as the investment landscape is a minefield with nobody having a map of the terrain. Cash is king at the moment, as investors will have to ponder what things can go badly wrong. We think there are numerous things that can go wrong: ...

Overview: Dramatic price action continues but in the other direction. Stocks and bonds have rallied strongly, and the US dollar is snapping a strong advance with a sharp and broad setback. The immediate trigger is hard to identify. Some accounts linking it to fears that the California shutdo...

By Antoine Bouvet , Senior Rates Strategist & Benjamin Schroeder , Senior Rates Strategist The European Central Bank has finally heard the bond market’s cry for help and upped its Asset Purchase Programme ((APP)) 'envelope' by another €750 billion. We provide...

By Antoine Bouvet, Senior Rates Strategist Gyrations in government bond markets in recent days have caught investors’ attention. We recap the drivers behind the reversal in interest rates and attempt to pin a fair value tail on the Bund donkey. We see higher yields as a distinc...

Newish ECB boss Christine Lagarde flubbed her debut meeting a couple of weeks back, and has been curiously quiet since. More news on: Vanguard FTSE Europe ETF, SPDR EURO STOXX 50 ETF, WisdomTree Europe Hedged Equity ETF, Global news and forex, Stocks on the move, News on ETFs, Read m...

Investment thesis: The global equity markets - like their US counterparts - sold off sharply last week. Make no new moves into international markets. The Bank of England cut rates 50 basis points and provided additional stimulus (emphasis added): At its special meeting ending on 10 ...