EEA News and Press, The European Equity Fund Inc. From 05/11/21

Global PMI employment index hits highest for 14 years as companies step up hiring amid surging demand and optimism about the year ahead. Job gains led by the developed world, notably the US and UK. Banking reports fastest ever jobs growth, only tourism and recreation reports falli...

One weak US payrolls number does not change the big picture, and one big inflation print tomorrow will likely not also. It will confirm a big rise in prices in the past year though. That's a clear outcome, but the Fed needs more - a string of them. This is a bond market that has i...

We find that L/S Equity Directional managers focusing on Europe are becoming more optimistic, but in a cautious way. They had already reallocated to stocks sensitive to economic reopening and are now starting to move towards riskier investment cases. Regionally, they have reweight...

European Equity Fund (EEA) declares $0.0325/share semi-annual dividend.Payable June 25; for shareholders of record May 17; ex-div May 14.See EEA Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: European Equity Fund declares $0.0325 dividend

Although large negative real yields have become the norm in core Europe, they were less common in the US. Covid-19 changed that. The re-opening should change that back, but so far it hasn't. A big payrolls report followed by a near-4% inflation number next week should tip the balance....

The threat of new trade wars is smaller, but tension hasn’t let up between the US, EU and China. Exporters continue to face higher costs and uncertainty that could weigh on trade growth after this year’s boost from economies opening up. The trade war shocks to the US...

Financial markets are not immune to reopening angst. Fear of overheating and of excessive leverage are factors behind the recent souring in risk aversion. This does not change the macro story, in our view, and PMIs/ISMs today should be a reminder of that. For further details...

Global manufacturing output growth hits 11-year high, but record supply delays lead to production constraints. Backlogs of work rise at steepest rate for 17 years. Input costs rise at fastest rate for decade, lead to record factory gate price increase. For further details se...

The dominant reaction to the yesterday's US ISM data came from real yields. What's not to like about a US ISM reading in excess of 60? Part of the answer is the expected number was even higher (65). Another part reflects demand for fixed income. But yet another represents uncertainty,...

Brexit followed lengthy and difficult negotiations that resulted in a separation agreement stipulating that the UK would leave the single market and customs union but no tariffs on goods or quotas would be applied. The developments in the first month included some that were better tha...