European Central Bank

Caused by three factors

Europe's economic recovery continues to broaden and deepen. The ongoing expansion is supported by a synchronised global growth backdrop with few medium-term concerns coming from the international trade impulse.

Attractive economic backdrop

Central banks have a 'task and a half'

Political risk diminished

Italy remains a risk

Remains positive on European credit

While the latest macro data confirm the positive orientation of European economic growth, risks in the eurozone remain plentiful.

Interesting times for investors

Five factors influencing negative rates