European Central Bank

Effects of low-interest rate environment

In the developed world, inflation expectation is noise

Bond yields predicted to sink below zero, experts argue

Part of the June equity market rally was driven by growing investor expectation of a July rate cut in the US, which we believe is overdone.

Global bond yields continue to crash through zero

Warning signs in US data

Europe's run of poor manufacturing and trade data continued in June.

Red flags

Nomination facing resistance from European Parliament

Perhaps surprisingly, Europe was the second best-performing regional stockmarket in the world in the first half of 2019.