PTEU News and Press, Pacer TrendpilotTM European Index From 06/18/19

By Shekhar Aiyar, deputy chief in the IMF's European Department; John Bluedorn is a senior economist in the Structural Reforms Unit of the IMF’s Research Department; Romain Duval is an advisor in the IMF's Research Department Growth in the euro area rebounded earlier this year, but ...

By Darren Williams As global growth prospects have weakened, the world of central banking has been turned upside-down. But while the US Federal Reserve (Fed) has already hinted at a change of course, the European Central Bank ((ECB)) is still struggling to adapt to the new reality. It's ...

By Andrew Mulliner, CFA The June 6 meeting of the European Central Bank ((ECB)) effectively marked the beginning of the end of its president, Mario Draghi's, reign. Andrew Mulliner, a Global Bonds Portfolio Manager, reflects on the outcome of the meeting and what the future holds with Mr....

Critics of modern monetary policy have been predicting that the day would come when a central bank would cut interest rates (or at least promise to), and the financial markets, instead of throwing a party, would fall. Then, it would be game over for easy money. This has yet to happen in the ...

By Daniel Lacalle The European Central Bank continues to disproportionately inflate the debt bubble of the Eurozone, while the economic slowdown of the main European economies worsens. What was designed as a tool for governments to buy time in order to carry out structural reforms and redu...

Posted by Reine Bitar, CFA®, Portfolio Manager and Michael Booth, Associate Portfolio Manager The eurozone economy has experienced a sharp slowdown since the second half of 2018 in a reversal from the mini-boom enjoyed in 2017. This downturn has been most pronounced in the m...

Rome - the city of visible history, where the past of a whole hemisphere seems moving in funeral procession with strange ancestral images and trophies gathered from afar. - George Eliot The Romans and their empire was at its height in 117 CE. It was the most extensive political and...

Eurozone inflation is in the doldrums again. After perking up to 1.7% in April, it slumped back to 1.2% in May. According to Bloomberg , this was "lower than expected." But I wonder who, apart from the ECB, really expected anything else. Core inflation has been well below target for the las...

By Bill Witherell, Ph.D. The results of the European Union's Parliamentary elections, held the last weekend in May, were welcomed by investors as being not as bad as many had feared. A broad populist and nationalist anti-EU surge, which had looked possible, was avoided. Pro-EU lawmakers wi...

What Is It We're Worrying About? The eurozone is, by rough rule of thumb, some 20% of the global economy. If that goes into recession then it's going to affect everyone and every market. How do we tell if the eurozone is going into recession? Ah, well, that's much more of an art than it is...