EEA News and Press, The European Equity Fund Inc. From 09/10/20

We look at how the ECB now has an inflation credibility problem given diverging market-based inflation expectations - although there may be little appetite from the hawks within the Governing Council to act now. Any dovish tilt could come in the form of stronger forward guidance and signals th...

Overview: The capital markets are looking for fresh directional cues after last week's equity declines and seeming reversal in the US dollar. The MSCI Asia Pacific Index fell 1.6% last week, its largest drop since April. Markets in the region were mixed, with Japan, Taiwan, and especially Ch...

(Source: Bloomberg , caption by the Author) Since the Fed has recently adopted a new monetary policy framework, the pressure for and expectation of a similar outcome from the ECB’s review process are building. The Eurozone, however, differs greatly from the Federal Republic of the Un...

We argued in May that the dollar would fall, and fall it did. Basically the US was the last part of the developed world where rates hadn't gone to zero but the pandemic changed that. This created a situation in which the Fed could pull out all the plugs in terms of an unprecedented policy ...

These are not numbers that are consistent with a robust rebound. In fact, they don't indicate very much of one at all. IHS Markit's flash PMIs for July 2020 instead look way too much like the sentiment indicators in Germany and Japan . Though they are now back near 50, both services and man...

On the latest edition of Market Week in Review, Chief Investment Strategist Erik Ristuben and Research Analyst Brian Yadao discussed the details behind the European Union's recently unveiled coronavirus relief package. They also chatted about the latest efforts by the U.S. Congress to ext...

Investment thesis In spite of the tremendous underperformance of European indexes versus the S&P 500 over the last ten years, there are now good reasons to consider exposure to the Stoxx Europe 600 over the flagship American index. In fact, the pan-Europe index is more defensive...

Overview: US stocks stumbled yesterday, and the S&P 500 nearly gave back the week's gains with its roughly 1.25% loss, the largest of the month. The NASDAQ 100 fell to two-week lows. Slower cloud growth at Microsoft (MSFT) and a delay in the next generation of chips at Intel (INTC) were ...

European measures applied to mitigate the effects of the pandemic have contained the unemployment rate in Europe more than in the U.S. While recognizing economic risks from the rising number of COVID-19 cases in the U.S., our forecast sees this success ratio reversing before the end of the yea...

David Zahn, CFA, FRM, Head of European Fixed Income, Franklin Templeton Fixed Income After much debate, the ink is now dry on Europe's €750 billion coronavirus fiscal rescue package, initially proposed in May. David Zahn, our Head of European Fixed Income, says it marks a strong aff...