How 'pervasive uncertainty' is impacting the outlook for European assets

The European Central Bank (ECB) has been much more dovish this year as macroeconomic conditions in the eurozone have quickly deteriorated.

Even taking into account the bank's latest turn in rhetoric and downward economic revisions, we expect the ECB to eventually move towards easing policy further. Three reasons to invest in Europe - and three reasons to avoid it The ECB's forward guidance currently sees interest rates staying on hold through 2019. We believe the bank's next move could be a rate cut - especially if tiering of the deposit rate is adopted - rather than an interest rate hike, because inflation continues to undershoot.  We have held this view for several months because the "pervasive uncertainty" the ECB ...