Beyond Bulls & Bears

In the Know: Europe’s Capital Markets Union

In the Know: Europe’s Capital Markets Union

We are generally supportive of any ‘pro-European’ measures that help improve systemic integration across the monetary union.

Weak Euro, Structural Reforms Key to Eurozone Recovery in 2015

Weak Euro, Structural Reforms Key to Eurozone Recovery in 2015

The euro is finally starting to weaken against other major currencies, and we think this weakness should provide an important boost for the eurozone’s exporters, which include not only Germany, but Belgium, the Netherlands, Luxembourg and Italy as well.

Has Europe’s Recovery Story Turned Back a Page?

Has Europe’s Recovery Story Turned Back a Page?

If anything, recent weakness—particularly compared to the relative strength of the US market—has only served to strengthen the value case for European equities, in our view.

Will the Russia-Ukraine Crisis Chill Europe’s Recovery?

Will the Russia-Ukraine Crisis Chill Europe’s Recovery?

While the situation in Ukraine currently looks troubling, I do not believe Russia can afford a prolonged crisis. The Russian economy could already be in recession or heading toward one, and the lost production, supply shortages and higher consumer prices that Russians are facing could erode President Putin’s support over time.

European Bank Stocks: Time to Buy, or Bail?

European Bank Stocks: Time to Buy, or Bail?

A gradually improving economic outlook, conservative loan underwriting and the potential for write-backs from existing non-performing loan provisions should support a recovery in European bank equities.

A Time for Optimism in Europe?

A Time for Optimism in Europe?

US Averts Crisis for Now, But Will Investors Lose Faith?

US Averts Crisis for Now, But Will Investors Lose Faith?

Deep Value Diving in the Eurozone

Deep Value Diving in the Eurozone