PTEU News and Press, Pacer TrendpilotTM European Index From 07/26/19

By Seema Shah, Chief Strategist, Principal Global Investors In the aftermath of Thursday's abysmal German Ifo Business Climate Index survey, markets had slightly raised their expectations for a European Central Bank ((ECB)) rate cut Thursday. While the ECB President Mario Draghi failed to ...

Rick Rieder argues that anemic growth in Europe is a longstanding problem that today requires a bold solution. Institutionally, the ECB can offer potentially effective, if unconventional, help. A shorter version of this commentary appeared in the Financial Times on July 22, 2019. A spe...

By Kara Marciscano, CFA European equities had a strong start in the first half of 2019 (+16%). 1 WisdomTree views the recently announced slate of European Union ((EU)) leaders as a further positive catalyst for markets. Additionally, we believe the European Central Bank (ECB) is likely to...

We have closed our underweight in European equities and credit, and upgraded government bonds to overweight. The impetus? We see the European Central Bank ((ECB)) delivering fresh stimulus over coming months, against a backdrop of a stabilizing growth outlook and persistent inflation undershoo...

By Philip Lawlor, managing director, global markets research, Robin Marshall, director, fixed income research ECB President Draghi recently stated his concerns about the slowdown in the eurozone economy and noted that the ECB still has plenty of scope to expand its QE asset purchase progra...

Some of the euro area's junk-rated corporate debt is now trading at negative yields, and over 15% of near-junk debt is also charging the lenders to provide cash to financially weaker companies: Source: WSJ While the overall stock of negative-yielding debt (sovereign and corporate) is now...

By Bert Colijn , Senior Economist, Eurozone Industrial production is likely to have increased in May, but don’t let the numbers fool you. Without an improved trade outlook, manufacturing could be in for a weak second half of the year. As long as employment remains stable, howe...

Industrial production in the eurozone rose sharply in May, but survey data indicate that the improvement will be short-lived. Official Eurostat data showed industrial production surging 0.9% in May, rebounding after declines in the prior two months. The narrower definition of manufacturing o...

By Bill Witherell, Ph.D. Just days after US President Trump announced a ceasefire and resumption of trade negotiations with China, the US Trade Representative proposed new tariffs on 89 European Union ((EU)) goods worth $4 billion. These levies are in response to concerns about aircraft su...

The Basic British Problem The basic problem with the British economy at the moment in Brexit. When is the country going to leave the European Union? On what terms? Will it, actually, really leave? All of these lead to uncertainty and uncertainty can be a right killer for economic growth. So,...